Is there any interest for credit card payment using WeChat?

There is no interest for payment. Interest is charged on repayments.

Those who bind their credit cards for consumption through WeChat will not only receive points in real time, but also have points that are consistent with the physical card payment. Among them, users of CITIC and Pudong Development Bank use WeChat Pay to swipe their cards and receive an exclusive reward - twice the points. Currently, banks that enjoy points by opening credit card WeChat payment include: China Merchants Bank, Industrial and Commercial Bank of China, China Everbright Bank, Ping An Bank, China CITIC Bank, Shanghai Pudong Development Bank, Bank of Communications, Bank of China, and China Guangfa Bank.

WeChat credit card repayment announcement stated that WeChat’s credit card repayment function will be adjusted. For each credit card repayment, a handling fee will be charged based on 0.1% of the actual repayment amount, and the handling fee amount will be calculated to the decimal point. Two persons, minimum 0.1 yuan, handling fee will be charged together with the repayment. The credit card repayment WeChat public account also stated that random fee reduction and exemption activities will be launched one after another.

Extended information:

Detailed explanation of the points-earning rules for China Merchants Bank WeChat payment

1. Customers can obtain credit card points by making WeChat payment and claiming qualifications through the Palm Life APP. award.

2. The points reward for the current month will be credited to your account within 60 working days from the next month.

3. The minimum unit of point reward is 1 point. For consumption that meets the conditions, one point will be earned for every RMB 20/USD 2 in a single transaction, and the points will be rounded down to the nearest integer. Points are valid for 1 year from the date of issuance.

4. Aviation co-branded cards, including but not limited to Air China Zhiyin co-branded credit card and China Southern Sky Pearl co-branded credit card. HNA co-branded credit card, Xiamen Airlines co-branded credit card, China Eastern Airlines co-branded credit card, ANA co-branded credit card, etc. Cardholders can participate according to the rules of this event and receive points as rewards, but no airline miles will be given.

Co-branded credit cards that independently accumulate partner points, including but not limited to Gloria Hotels co-branded cards, etc. Cardholders can participate according to the rules of this event and receive points as rewards. Partner points will not be given as a gift.

CarCard car credit card, city series and other theme card cardholders can participate according to the rules of this event and receive points rewards without an additional 50% bonus.