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Is it cost-effective to repay the bank with Meituan loan?
Not cost-effective. The interest of Meituan loan is higher than that of bank card. The interest algorithm of Meituan's borrowing money is calculated on a daily basis, and the general daily interest rate is 0.05%. If you borrow 5,000 yuan from Meituan, the interest on 1 month is 5,000 times 0.05%, 2.5 yuan, 1 month is calculated as 30 days, and the interest on 1 month is 75 yuan. Bank card banks will levy minimum repayment interest on the remaining unpaid part, and the daily interest rate is also five ten thousandths, which is very low. So it's not worthwhile.