What are Minsheng Bank’s SMS service fees, late payment fees and interest transaction fees?

This is a fee charged by the bank in accordance with the credit card usage regulations. Some can be canceled, while others cannot.

The SMS service fee means that the bank will send you SMS notifications when your account collects or makes payments. Banks generally default to SMS notifications for large credit card transactions, but if you want to have SMS notifications for every transaction To receive a notification, you must activate the SMS reminder service, and the bank will charge SMS service fees. If you cancel this service, you will not have to pay the fee.

Interest transaction is the interest fee incurred after you have not repaid the entire repayment amount in the last period's bill or withdrawn cash. Interest will be generated at 0.05% per day, compounded on a monthly basis, unless you do not withdraw cash and pay in full each period. Repay the loan in full, otherwise interest will inevitably accrue.

Late payment fees are fees incurred when you fail to pay the minimum payment amount on your last bill before the due date. This means that your last bill may be overdue and you already have a bad credit record. You may need it in the future. Notice.