1. How is the interest on credit card borrowing from China Merchants Bank calculated?

1. If the loan is not repaid in full, the bank will charge an interest of five ten thousandths (0.05%) per day. For a consumption of 2.3038 yuan, the minimum repayment is 303.8 yuan (10% of the total amount that should be repaid). Whether you repay 400 or 500 yuan, it exceeds the minimum repayment amount and will not incur late payment fees or bad credit records, but it will not be repaid. Interest will still be charged on the loan at the rate of 0.05% per day. 3. Start calculating interest. If the repayment due date is May 20, the amount will be 2,988 yuan on April 29 and 50 yuan on May 3. The interest generated in the first month is: 2988×0.05%×22 days=32.87 yuan, 50×0.05%×18 days=0.45 yuan. The number of days calculated here is the date from the date of consumption to the date of repayment. It is calculated based on your own repayment date, and the fluctuation should not be large. Introduction to the features of China Merchants Bank’s credit card products: 1. There are many types of cards, with novel and beautiful styles that are easy to attract people. 2. The service attitude of telephone banking is very good and very convenient. 3. Electronic banking and mobile phones are linked together and are relatively safe. 4. There will be an email notification for every purchase, and a text message reminder for every online transaction and general credit card payment of over 300 yuan. 5. Powerful online banking functions, the public version can be used directly, with various functions such as checking bills and details, checking points, opening cards, setting online transaction limits, and self-service bill installments. 6. The annual fee for China Merchants Bank credit card is waived in the first year. Generally, you can waive the annual fee for the following year after making 6 purchases. 7. There is no annual fee for the China Merchants Bank All-in-One Card, only an account management fee. 8. The account management fee is only for debit cards such as China Merchants Bank All-in-One Card. Binding China Merchants Bank All-in-One Card to China Merchants Bank’s credit card can waive the account management fee for the All-in-One Card. However, the annual fee for credit cards can only be waived by spending more than six times. (Including six times). 9. Rich and diverse activities and discounts, including Sanya, Taotie Food Festival and other special discounts, covering all areas of life. 10. China Merchants Bank Credit Card launched a mobile life platform. You can use your mobile phone to buy movie tickets, recharge mobile phones, check nearby special merchants and provide discounts. More and better applications are being launched one after another. However, China Merchants Bank's credit card also has the stipulation that "it is difficult to accumulate points. Every 20 yuan spent will earn 1 point, and no fraction will be counted", which is not conducive to points consumption.

2. How is the interest of China Merchants Bank’s credit card calculated?

Hello, you can enjoy the interest-free period for credit card purchases. The interest-free period means that if you repay the loan at the end If you pay off all your purchases before the date, you won’t need to pay any interest. The interest-free period for repayment ranges from 20 to 50 days, and the length of time will depend on the specific time of your consumption. If your consumption is before the current bill date, it will be included in the current bill; if it is after the bill date, it will be included in the next bill, and you can enjoy a longer interest-free period.

Late repayment will incur late fees and recurring interest at the same time. The late payment fee is 5% of the unpaid portion of the minimum repayment amount, with a minimum charge of RMB10 yuan or USD1 yuan. Revolving interest means that all consumption in the current period will accrue interest from the date of entry, with a daily interest rate of 0.05% until you pay it off in full.

(If you need to know more, you can consult online through QQ or WeChat for any information you want to know about China Merchants Bank’s credit card services. Method 1: Search 4008205555 among QQ corporate friends and add China Merchants Bank Credit Card Center as a friend; Method 2: Search the number "cmb4008205555" in WeChat and follow China Merchants Bank Credit Card Center)

3. Calculation of China Merchants Bank Credit Card Interest (Urgent)

1 If it is not the full amount. Repay five ten thousandths (0.05%) interest; 2 For a consumption of 3,038 yuan, the minimum repayment is 303.8 yuan (10% of the total amount that should be repaid). Regardless of whether you repay 400 or 500 yuan, it exceeds the minimum repayment. Amount, there will be no late payment fees or bad credit points, but interest will be charged at the standard of 0.05% per day. 3. Start calculating interest. If your repayment is due on May 20th. The interest generated in the first month on April 29 is: 2988 × 0.05% × 22 days = 32.87 yuan 50 × 0.05% × 18 days = 0.45 yuan. The number of days calculated here is calculated corresponding to the repayment date of your consumption, and the fluctuation should be Not big.

After paying 1,000 yuan, there is still 45-1,000 = 2,071.32 yuan left to repay; the interest generated in the second month is: 2,071.3 (calculated in natural months) = 31.07 yuan, leaving 2,071.32.39 yuan to be repaid; By analogy, since the amount is not very large, the interest is not particularly high. Please refer to it. Hope this helps you!