In fact, the interest on credit card consumption is what we often call late fees. Generally speaking, credit card consumption will have an interest-free period. If all the bills of the current period are not paid off on time, all the consumption of the current period will start to bear interest from the bookkeeping date (usually the day after consumption), and the daily interest rate is five ten thousandths.

Now let's give an example. The relevant provisions of CGB's credit card are as follows:

1. Credit card consumption can enjoy interest-free period. Interest-free period means that you don't need to pay any interest if you pay off all the expenses before the final repayment date. Generally speaking, the time for interest-free repayment ranges from 20 days to 50 days, depending on the specific consumption time. If the consumption is before the current bill date, it will be included in the current bill; You can enjoy a longer interest-free period if you include it in the next bill after the bill date.

2. If all the bills in the current period are not paid off on time, you can use revolving credit. Interest will be charged for all consumption in the current period from the bookkeeping date (usually the day after consumption), with a daily interest rate of 0.5 ‰, and no interest will be charged after all bills are paid off.