The current bank interest is accumulated interest. Simply put, it is compound interest.

CITIC Credit Card will not incur any fees if you pay the bill in full after consumption, but if you choose the minimum repayment, interest will accrue.

The interest charging forms of CITIC Credit Card are: daily interest, compound interest, monthly settlement

Example: specific time and amount of consumption: 5000 on the 1st, 5000 on the 2nd, 5000 on the 3rd Spend 1,000, and the 4th is your settlement date. If your final repayment choice is the minimum repayment, then your interest will be calculated from the first purchase, specifically (5000*0.0005*4) = interest on the 1st

(5000*0.0005*3) = Interest on No. 2

(5000*0.0005*58) = Interest on No. 3

The above is a simple single-day interest. Banks charge compound interest, so the specific labor cannot be counted. As long as you choose the minimum repayment after the bill date, your interest will always be calculated from your first purchase, so the final interest rate data may be quite different from your expected interest rate.

It is recommended to pay off the bill at once to avoid accruing interest.