If it is a China Merchants Bank credit card, it should refer to revolving interest/revolving credit. Revolving credit means: according to your own financial situation, you can make your own repayment every month before the due date of the current credit card bill. Decide how much to repay. When the repayment amount is equal to or higher than the minimum repayment amount of the current bill, but lower than the amount due in the current period, the remaining deferred payment amount is the revolving credit balance.

Revolving credit is a very convenient loan tool that calculates interest on a daily basis. It not only allows you to enjoy the convenience of swiping your card, but is also a good choice for you to easily manage your finances. If you choose to use revolving credit, you will not be able to enjoy the interest-free repayment period in the current period.

Warm reminder:

Using revolving credit will generate revolving interest, and the revolving interest rate is five ten thousandths of the daily interest rate;

If you choose to use revolving credit, you will incur revolving interest. The interest-free period will not be enjoyed and will not be restored until all repayments are paid;

Interest, handling fees, late payment fees and other charges incurred in the current bill must be repaid in full, and such charges are not eligible Minimum repayment function

Features:

No application, no mortgage

You only need to pay the minimum repayment amount every month

Free choice Repayment amount and time

Accumulate a good credit record and get priority in getting a credit limit increase