If it is a China Merchants Bank credit card, if you fail to repay the minimum payment on the bill in time before the payment due date, liquidated damages and interest will be charged. The liquidated damages will be charged 5% of the unpaid portion of the minimum repayment amount, with a minimum charge of RMB10 yuan or USD1 yuan. Interest will be charged on all consumption in the current period starting from the recording date (usually the next day after consumption), with a daily interest rate of 0.5% until you pay it off in full.