If it is a credit card of China Merchants Bank, there is no penalty for settling the bill in advance by stages. If the bill is not returned in time before the due repayment date, liquidated damages and interest will be charged. The penalty is 5% of the unpaid minimum amount, and the minimum amount is RMB 10 yuan or USD 1 yuan. Interest refers to the collection of all consumption in the current period from the bookkeeping date (usually the day after consumption), with a daily interest rate of five ten thousandths until you pay it off in full.