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Is the interest calculation method of China Merchants Bank's credit card interest legal?
Nowadays, banks are basically commercial banks, and they have the right to freely price profits. As long as their interest-bearing profits are within the range and scope stipulated by the state, they are legal.

Moreover, the credit card itself is a special kind of commodity consumption. As long as you can repay within the credit period, there will be no loss. If not, why use this payment method?