, many people are enjoying the convenience of credit card overdraft consumption and preferential rights, but credit cards are actually a double-edged sword. If you use them incorrectly, you may "injure" yourself. I believe many people have experienced the pain of accidentally overdue credit cards and losing money not only in interest but also in late payment fees. So, do you know how credit card late payment fees are calculated? Credit card late payment fees refer to the overdue fees that cardholders have to pay for the unpaid portion of the minimum repayment amount when the actual repayment amount is lower than the minimum repayment amount on the due date of the credit card payment. According to the unified regulations of the People's Bank of China, the charging standard for late payment fees is: 5% of the unpaid portion of the minimum repayment amount, and each bank has its own charging standards.

The calculation formula of late payment fee is: late payment fee = (minimum repayment amount - actual repayment amount) * 5% Assume that the statement date of the China Merchants Bank credit card you hold is the 22nd and the repayment date is every month On the 10th, the bill amount from September 23 to October 22 this year was 2,000 yuan. On November 10, the due date for repayment of the bill, only 100 yuan was paid. So, how to calculate the late payment fee?

The minimum repayment amount of a credit card is generally 10% of the bill amount, which means that the minimum repayment amount of the bill is 200 yuan. Late payment fees may not seem like a big sum, but cardholders must not forget that overdue credit cards will accrue interest, calculated at an interest rate of 0.05% per day. If your credit card is overdue for a long time, overdue interest will also bring additional repayment pressure to you, and more importantly, it will affect your personal credit. Therefore, it is recommended that when repaying your credit card, you must make the minimum payment as the basis.