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How to calculate interest on cash withdrawals from China Merchants Bank credit card

Chinese Merchants Bank credit card "cash advance (also known as cash withdrawal)" will charge handling fees and interest. Handling fee: Domestic RMB is calculated at 1% per transaction, with a minimum charge of RMB 10/transaction; Interest: "Cash advance" does not enjoy interest-free repayment, and interest will be charged at a daily interest rate of 0.05% from the transaction date until the settlement date Stop and earn compound interest on a monthly basis. The earlier you repay your loan, the less interest will accrue.