First, China Merchants Bank credit cards generally have a three-day grace period after the repayment date, and repayment within the grace period is regarded as timely repayment;

1. If it is paid off in full, no cost will be incurred;

2. The minimum repayment amount shall be calculated at 0.05% of the daily interest;

3. If the repayment amount is less than the minimum repayment amount stipulated by the bank, it will be deemed as overdue, and the daily interest will be 0.05%. In addition, there will be late fees. The late payment fee for credit cards is generally 5% of the unpaid part of the minimum repayment amount, calculated on a monthly basis.

2. Repayment beyond the grace period is deemed overdue: interest will be calculated at 0.05% from the entry date, and there will be a late fee.

You'd better pay it off within the grace period of China Merchants Bank. If the grace period is exceeded, if you have the ability, you can choose to repay in full, so there is no charge, otherwise you will charge 0.05% interest per day plus a late fee.