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How do credit cards generate interest?
Credit cards can generate interest in the following ways:

Cash is withdrawn from ATM by credit card, and interest is calculated from the date of withdrawal, with a daily interest rate of 0.05%;

If the credit fails to pay off the current arrears before the repayment date, the interest will be calculated from the date of consumption, with a daily interest rate of 0.05%, and the interest-free period cannot be enjoyed;

Overdue repayment, in addition to the daily interest of 0.05%, there are also late fees;

There is a handling fee for applying for cash installment.