Credit card default penalty is the credit card late payment penalty that was often mentioned before. It means that the cardholder’s actual payment amount on the credit card due payment date is lower than the minimum payment amount. The central bank imposes a penalty on the credit card if the minimum payment amount is not paid. Partially charged penalty.

Each bank has different standards for charging default penalties for credit cards, but they all have minimum and maximum amount limits. For details, please consult the card-issuing bank. Taking Agricultural Bank of China as an example, the penalty for overdue credit card repayment is calculated as follows: 5 yuan of the unpaid portion of the minimum repayment amount, with a minimum of 1 yuan.

Assume that the bill due for the Agricultural Bank of China credit card held by Xiao Xi this month is 2,000 yuan, and the repayment operation has not been carried out when it is due. Then, the minimum repayment amount of Xiao Xi's Agricultural Bank of China credit card is 200 yuan, then, The liquidated damages are: 200*5=10 yuan.