If the loan is overdue, compound interest will be charged. The system will deduct period by period according to the overdue order (in the order of compound interest, penalty interest, receivable and uncollected interest and overdue principal).

Warm reminder

Penalty interest = overdue principal * penalty interest rate * number of overdue days; compound interest = overdue interest * penalty interest rate * number of overdue days.

If it is a credit card, we will provide you with a 3-day grace period service for credit card repayment (including E installment) every month. For example: if the last repayment date is the 5th of each month, then the bill must be paid in full before 24:00 on the 8th of the month at the latest. There will be no additional fees, nor will it affect your current repayment record. You do not need to actively apply for this service.

Warm Tips

1. If the credit card is overdue, it will affect the use of the credit card.

2. If you want to repay the China Merchants Bank credit card through transfer from another bank, it is recommended to handle it 1-2 days in advance and pay attention to the timeliness of the account.

If the minimum payment of the current bill is not paid within the due payment date (including the 3-day grace period), liquidated damages will be charged - if the cardholder cannot pay the due date (including the 3-day grace period) Including), CMB will calculate and charge corresponding liquidated damages in accordance with the "Credit Card Regulations of China Merchants Bank" to pay off the minimum repayment amount of the previous period's bill. The penalty for breach of contract is calculated as 5% of the unpaid portion of the minimum credit card payment, with a minimum charge of RMB 10 or USD 1. At the same time, all consumption in the current period will be charged interest starting from the accounting date, with a daily interest rate of 0.05%. And interest - credit card bills are not repaid in full and on time: If the current bill is not paid off before the credit card repayment date, all consumption in the month will not be interest-free. Interest is calculated on a case-by-case basis for each purchase in the bill. Generally, interest is calculated at 0.05% per day from the second day of payment until the transaction is repaid.

Warm reminder

If the card has been suspended and needs to be restored, please call the credit card center customer service hotline 4008205555 for consultation.

(Response time: July 12, 2019. For the latest business changes, please refer to the official website of China Merchants Bank.)