How to calculate the interest on arrears other than the minimum repayment amount of CMB online consu

Hello, if you choose the minimum repayment and cannot enjoy the interest-free repayment period, all purchases in the current period will be charged interest from the billing date (usually the next day after the purchase), with a daily interest rate of 5/10,000 until you pay off in full. If you pay off the current amount listed on your bill in full before the payment due date, you'll be eligible for an interest-free period. You can choose your repayment method on a case-by-case basis.

Minimum Repayment 10% Cash Advance Principal + 10% Non-Cash Advance Transaction Principal + 100% Fees + 100% Interest + 100% Excess Spending + 100 Outstanding Portion of Previous Minimum Repayment + 100 Single Instalment Amount. Please refer to the minimum repayment amount stated in the statement.

For example, if you spend 1000, the minimum payment is 100Then on the second day of your consumption, the interest of 5/10,000 is calculated every day based on 1000, and after 100 is repaid, the interest of 5/10,000 is calculated based on 900, and the interest will not end until you repay in full.

Therefore, if you have money, you will pay it all in, or if you have money, you will pay back some of it, and the interest will be less.

The minimum repayment amount of China Merchants Bank credit card is 10%, all general transactions in the credit card account + 100%, all outstanding installment transactions in the account and the single amount + 100%, the outstanding part of the previous minimum repayment + 100% the total amount used in excess of the account credit limit + 100% fees + 100% interest.

Interest: Each purchase is calculated for the number of interest-bearing days from the date of account to the date of repayment, and the interest rate is 5/10,000 per day.

Liquidated Damages: If the cardholder fails to repay the minimum repayment amount of the previous bill before the due date (inclusive), the corresponding liquidated damages will be charged at 5% of the outstanding part of the minimum repayment amount, with a minimum charge of RMB 10 or USD 1.

You need to pay back at least 900+900* yuan.

<> will charge handling fees and interest on cash advances (including ATMs, counters, online banking and **cash advances of the Bank or other banks): Handling fee: 1% per transaction in domestic RMB, with a minimum of 10 transactions, and 3% per transaction in overseas (including Hong Kong, Macao and Taiwan), with a minimum of 30 transactions or $3 (AE platinum and black gold overseas minimum $5 per transaction).

Interest: Interest-free repayment is not available for cash advances, and interest will be charged at a daily interest rate of 5/10,000 from the date of transaction to the date of loss settlement, and compound interest will be charged on a monthly basis.

Revolving interest is charged when you make a repayment using a revolving credit facility or when you borrow cash. If you repay all the purchases in full before the due date of the current billing cycle, you can enjoy the interest-free period for purchases made by swiping the credit card, and no revolving interest will be incurred. If you do not pay off your current bill in full, you will be deemed to have used a revolving credit, and interest will be charged on all purchases in the current period from the billing date (usually the day after the purchase) at 5/10,000 per day until you pay it off in full. If you use the cash advance function, the interest-free period will not be available for the cash advance part, and the interest will be calculated from the day you withdraw the cash, with interest rate of 5/10,000 per day, compounded on a monthly basis until you pay it off.

The minimum repayment amount of China Merchants Bank credit card refers to the minimum monthly repayment amount of the credit card, which is shown on the credit card bill in the current month, which is generally 30% of the total repayment amount of the current bill. If you have difficulty paying off all the arrears in one go, you can repay the minimum payment on time before the final payment date, which will not affect your personal credit, but you will not be able to enjoy the interest-free repayment period. After the minimum repayment of the CMB credit card, interest will be charged on all purchases in the current period from the date of accounting, that is, from the day of consumption by the cardholder, 5/10,000 per day until it is paid off.

For example, if your bill date is the 5th of each month, and the repayment due date is the 23rd of each month;

The current statement printed by the bank on April 5 includes all your transactions from March 5 to April 5;

Suppose you have only one transaction in the current bill with a purchase amount of RMB 1,000 and the merchant billing time is March 30.

The "Current Repayment Amount" printed on your current bill is $1,000 and the "Minimum Repayment Amount" is $100;

In different cases, your revolving interest will be:

If you repay $1,000 in full before April 23, the recurring interest = 0 in the statement on May 5;

If you only repay the minimum payment of $100 on April 23, the revolving interest on the statement on May 5 will be RMB, which is calculated as follows: RMB 1,000 days (March 30 to April 22) + (RMB 1,000-100) days (April 23 to May 5), revolving interest = RMB.