This fee is the interest incurred when the customer fails to repay the funds on time after consumption.

According to a query on Hualv.com, we learned that the consumption interest of Guangfa Bank’s credit card is calculated from the date of each transaction in the bill, and compound interest is calculated on a monthly basis at 50,000 per day until it is paid off. Principal only. The calculation method of interest is: interest = total consumption amount × 0.05 × the number of days from the accounting date to the first repayment date; the unpaid amount × 0.05 × the number of days from the first repayment date to the second repayment date. The minimum charge is 1 USD or 1 RMB per transaction.