Monthly interest 30*0.05%= 1.5% simple interest.

Annual interest rate: 12 to the power of (1+ 1.5%)-1= 19.56% compound interest.

This interest rate is quite high. Nowadays, the interest rate of bank deposits and funds is far from so high!

If you withdraw cash and swipe your card, the credit card will also calculate interest.

If you don't pay all the arrears within the specified time, interest will be calculated according to your total arrears.

For example, if you owe 1 10,000 yuan, the bank will still calculate your 1 10,000 yuan interest.