According to the inquiry on Xicai.com: Industrial Bank credit card will be subject to credit bureau if it is overdue for more than 3 days. Industrial Bank credit cards have a three-day grace period. Repayments within the grace period are deemed to be repaid on time and no overdue records will be generated. However, if the payment is not repaid for more than 3 days, Industrial Bank will report the overdue records to the credit reporting system, and Penalty interest and late fees will also apply. Industrial Bank was founded in 1988 with its head office in Fuzhou, Fujian Province. It is one of the first joint-stock banks in China and ranks among the top 300 banks in the world. Industrial Bank Credit Card Center was established in July 2004. It is an organization directly affiliated to the head office headquartered in Shanghai and is fully responsible for the operation and management of Industrial Bank's credit card business.