Credit card default penalty refers to the default amount that the cardholder has to pay for the unpaid portion of the minimum repayment amount when the actual repayment amount on the credit card due date is lower than the minimum repayment amount. .
The calculation methods of each bank are as follows:
1. China Construction Bank: 5% of the unpaid portion of the minimum repayment, minimum 5 yuan or 1 US dollar or 1 euro, currency Same as the corresponding minimum repayment.
2. Agricultural Bank of China: The minimum repayment amount is 5% of the unpaid portion, with a minimum of 1 yuan/1 US dollar/1 euro/1 Australian dollar/1 pound/10 yen.
3. Industrial and Commercial Bank of China: The minimum repayment amount is 5% of the unpaid portion, with a maximum of 500 yuan or 500 Hong Kong dollars or 500 Macau patacas or 100 US dollars or 100 euros per installment.
4. China Merchants Bank: The minimum repayment amount is 5% of the unpaid portion, with a minimum of 10 yuan or 1 US dollar.
5. China CITIC Bank: The minimum repayment amount is 5% of the unpaid portion, and the minimum charge is 20 yuan or 2 US dollars or 20 Hong Kong dollars or 2 euros.
6. Shanghai Pudong Development Bank: The minimum repayment amount is 5% of the unpaid portion, and the upper limit of the amount charged does not exceed the overdraft principal.
7. Hua Xia Bank: The minimum repayment amount is 5% of the unpaid portion, and the maximum is 2,000 yuan or 250 US dollars.
Extended information:
Credit card late payment fees refer to the minimum payment amount when the cardholder's actual payment amount is lower than the minimum payment amount on the credit card due date. The unpaid portion will be subject to late payment fees. According to our understanding, the proportion of late payment fees is uniformly stipulated by the People's Bank of China, which is 5% of the unpaid portion of the minimum repayment amount. However, due to different policies of each bank, the minimum amount set is also different.
The People's Bank of China issued a notice to cancel credit card late payment fees starting from January 1, 2017.
Late payment fees are a means to urge the performance of public law obligations, not an end. Since late payment fines are imposed in the form of fines, some scholars have pointed out that administrative penalties and administrative enforcement belong to the same category based on the origins of administrative penalties and administrative enforcement, the final legal effects suffered by the parties, the behavior patterns and the nature of the behavior. Sometimes it has some kind of subordinate or supplementary function.
The mainstream view in the field of administrative law is that credit cards are administrative penalties and are not administrative penalties. Although the execution penalty has the appearance and function of punishment, both of them require the offender to assume new obligations; when the execution penalty cannot force the obligor to perform his obligations, direct enforcement methods must be adopted in the end, just like administrative penalties. But it is obviously different from administrative penalties:
Reference materials:
Baidu Encyclopedia_Credit card late payment fees