Friends who frequently use credit cards must know these 5 changes. Next, the editor of Jintou will introduce the new rules of credit cards in 2020
1. The interest-free period is determined based on credit status< /p>
Previously, the exemption period for credit cards was limited, with a maximum of 60 days and a minimum exemption period of 25 days. This year’s new exemption period is to set the exemption period based on your own situation and the credit status of the credit card. This rule makes the interest-free period The period is more flexible, allowing banks to firmly control the risk control status of cardholders.
2. The minimum repayment amount is determined by the bank independently
In the past, the minimum repayment amount was generally the bill amount 10%. Now the minimum repayment amount can also be set according to the credit rating of the cardholder. Whether the minimum repayment amount is low or high mainly depends on your usual employment status.
3. Liquidated damages replace late payment fees
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After the implementation of the new regulations, credit card late payment fees were cancelled. However, this does not mean that there are no fines, but liquidated damages are collected from the bank. The penalty and annual salary, handling fees, and currency exchange levied by the click agency from the clicker No interest shall be levied on service fees such as fees.
4. The overdraft interest rate can fluctuate up or down
In the past, an interest of 0.05% was levied every day beyond the exemption period. Now it is 0.05% to With a dynamic range of 0.035%, each bank can decide on its own the calculation method of interest and payment after a credit card overdraft. Cardholders with different collection backgrounds also enjoy differentiated overdraft interest rates.
5. Withdraw cash You cannot only repay the minimum repayment amount
The latest regulations cannot only repay the minimum repayment amount. In other words, the cash amount held by Kakada this month needs to be repaid in full on the next period's bill. This new The rules are not friendly to users with insufficient funds. However, currently only three banks, Hua Xia Bank, Industrial and Commercial Bank of China, and Agricultural Bank of China, have implemented this rule.