What will happen if you pay off your China Merchants Bank credit card one day late? Regarding credit card repayments, there will always be inconvenient times, such as wages being paid late, and not having time to wait while on a business trip. These will As a result, credit card repayments are one day late. So, what will happen if I pay off my China Merchants Bank credit card one day late? Will it cause the payment to be overdue? Regarding what would happen if I pay off my CMB credit card one day late, I went to the staff of CMB for detailed consultation. CMB staff said that CMB provides a 3-day repayment grace period service every month. There is no need to apply for this business, but if you did not repay the last bill on time, you will not be able to enjoy the 3-day repayment grace for this period. For example: Ms. Zhang’s repayment date for China Merchants Bank’s credit card is September 6. Since Ms. Zhang paid the money back on time on August 6, she can enjoy a 3-day grace period for repayment this month. Ms. Zhang only needs to pay it back on September 9. The repayment can be made before 24:00. Therefore, it doesn’t matter if you pay off your CMB credit card one day late, but if you haven’t paid back after the 3-day grace period, CMB will charge you corresponding liquidated damages. Liquidated damages are calculated as 5% of the unpaid portion of the minimum repayment amount, with a minimum charge of RMB 10 or US$1. At the same time, all consumption in the current period will be charged interest starting from the accounting date, with a daily interest rate of 0.05%. If a credit card bill is not repaid in full and on time, interest will accrue: interest is calculated on a case-by-case basis based on each purchase in the bill. Generally, it is calculated on a daily basis from the second day of swiping the card until the transaction is repaid. What will happen if you pay off your China Merchants Bank credit card one day late? After reading this, I believe all cardholders know what will happen. In the credit card section, just click Convenient Entry to quickly apply for a CMB credit card!