The consumption interest of Everbright Bank credit card means that when you fail to repay the previous consumption amount in full on the repayment date stipulated in the bill, the bank will calculate interest from the day of consumption. This interest is calculated at an interest rate of 0.5% per day, which is a common rule for all bank credit cards.

China Everbright Bank’s credit cards provide an interest-free period of up to fifty days, which means that if you can repay in full before the specified repayment date, you will not need to pay any interest and can enjoy interest-free treatment. However, once you choose not to repay in full, you will no longer enjoy the interest-free period. The unpaid portion will be charged interest starting from the day of consumption, with a daily interest rate of 0.5% until you pay off the debt.

As for the interest calculation method of credit cards, for non-cash transactions under the minimum repayment method, interest will begin to accrue from the transaction recording date until it is paid off in full. If an installment payment is not repaid in full before the due date, interest will only be charged on the current portion of the repayment amount. From the installment carryover date to the repayment date, interest will also be charged at a daily interest rate of 0.05%. Cash withdrawal transactions and related fees will accrue interest at 5% from the transaction date, and do not enjoy the interest-free repayment period.

The above information comes from the official information of China Everbright Bank and Baidu Encyclopedia. I hope it will be helpful for you to understand the consumption interest rules of Everbright Bank credit cards.