1. The late fee for overdue credit card is: 5% of the unpaid part of the minimum repayment amount.

2. Calculation formula of overdue interest of credit card: overdue interest of credit card = consumption last month * overdue days *0.0005.

There are three figures in the above formula for calculating overdue interest of credit cards, namely overdue amount, overdue days and daily interest rate. Here are the meanings of these three numbers.

1. Last month's consumption

It should be noted that the overdue amount of credit card is not the amount owed, but the amount spent last month. In other words, if you spent 10000 yuan last month, even if you have paid back 9999 yuan, the overdue interest of the credit card will be calculated according to the debt of 10000 yuan.

So try not to generate overdue credit cards, otherwise the interest base will be too large if you spend a lot last month.