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How to calculate interest on the remaining unpaid balance of China Merchants Bank credit card bill?

Hello, if the full repayment is not made, recurring interest will accrue. All consumption in the current period will accrue interest from the recording date (usually the second day after consumption), and daily interest will be 10,000 yuan. Five until you pay it all back.

Examples of recurring interest: ● If your bill date is the 5th of each month, the repayment due date is the 23rd of each month; ● The current statement printed by the bank for you on April 5th includes: All your transaction accounts from March 5 to April 5; ● Assume that you only have one purchase in this bill, the consumption amount is RMB 1,000, and the merchant’s payment time is March 30; ● The "repayment amount due for this period" printed on your current bill is RMB 1,000, and the "minimum repayment amount" is RMB 100; ● Under different circumstances, your recurring interest is: ① If you pay before April 23 , and repay RMB 1,000 in full, then the recurring interest = 0 in the statement on May 5; ② If you only repay the minimum repayment amount of RMB 100 on April 23, then the repayment on May 5 will be The recurring interest on the statement is ¥17.85 yuan. The specific calculation is as follows: 1,000 yuan × 0.05% × 24 days (March 30 to April 22) + (1000-100) yuan × 0.05% × 13 days (April 23 day to May 5), recurring interest = 17.85 yuan.

If you still have questions, please add corporate QQ customer service 4008205555 or add the public account "China Merchants Bank Credit Card Center" on WeChat for detailed consultation.