1. Days overdue: the calculation of overdue penalty is usually related to the number of days overdue. Generally speaking, the longer the overdue period, the higher the liquidated damages. Banks usually divide the overdue time into different stages, and each stage corresponds to a different penalty rate.
2. Overdue amount: Some banks will calculate liquidated damages according to the overdue amount. The higher the overdue amount, the higher the liquidated damages.
3. Credit card grade: Different credit card grades may have different overdue penalty rates. Generally speaking, the overdue penalty rate of high-grade credit cards may be higher.
In a word, the calculation of overdue penalty for credit card is determined by considering many factors. The specific calculation method should refer to the terms of the credit card held and the bank's policy.
Extended data:
The calculation of overdue penalty for credit cards usually follows the relevant regulations of the banking supervision department. According to the relevant regulations, banks should be reasonable and fair when formulating the calculation standard of overdue liquidated damages, and should not set too high a rate. Generally speaking, overdue penalty should not exceed a certain percentage of overdue amount.
In addition, overdue repayment may have a negative impact on personal credit records, thus lowering the credit rating, and will also have an impact on financial services such as applying for loans and handling credit cards in the future. Therefore, it is very important to repay the overdue credit card payment in time.
Summary:
The calculation of credit card overdue penalty varies according to bank and credit card policies. Generally, factors such as overdue days, overdue amount and credit card grade will be considered in the calculation. The specific calculation method should follow the terms of the credit card held and the bank's policy. Timely repayment of overdue payments is very important for maintaining personal credit records.