in addition, we should be careful about revolving interest. The revolving credit interest rate is uniformly set by the People's Bank of China, with a daily interest rate of .5 ‰ and compound interest on a monthly basis. The interest calculation method of revolving credit is as follows: each consumption amount of the last statement is the interest-bearing principal, and the interest-bearing days are from the date when the account is recorded to the date when the account is paid off, and the daily interest rate is five ten thousandths.
if the customer's repayment amount is lower than the minimum repayment amount before the due repayment date, he/she shall bear a late payment fee calculated at a certain proportion of the unpaid part of the minimum repayment amount, and there is a minimum charge limit for the late payment fee.
the late payment fee is charged at 5% of the unpaid minimum amount of each bill, with the minimum RMB2/USD5/HKD4 for individual single-currency cards (including business cards), RMB2/USD2 for individual dual-currency cards and RMB1/USD1 for unit cards.
when the total amount owed by the customer's account (including but not limited to the principal, interest and expenses of all credit card overdraft transactions) exceeds the credit limit, the bank will charge the customer an overrun fee of 5% according to the billing cycle, and there are minimum and maximum charging limits for the overrun fee. 5% of the maximum over-limit amount in the billing period, with a minimum of RMB1/USD1/HKD1 and a maximum of RMB2/USD2/HKD2.
it should be reminded that the unlimited card/world card and platinum card are exempt from the credit card over-limit fee, and customers can cancel the over-limit amount through the customer service hotline.