The late payment fee paid by each bank is different, so it is necessary to negotiate and communicate with the credit card issuing department according to the specific situation, and pay the late payment fee at the same time when repaying.
Extended data:
According to Article 22 of the Measures for the Administration of Bank Card Business, the issuing bank shall charge the credit card holder a late fee of 5% of the minimum repayment amount.
It can be seen that the calculation basis of credit card late payment fee is the minimum repayment amount. The minimum repayment amount refers to the minimum amount that the cardholder should repay as stipulated by the issuing bank, including a certain proportion of the accumulated principal of consumer transactions and the principal of cash withdrawal transactions, all expenses, interest, the amount owed beyond the credit limit, and the sum of the unpaid part of the minimum repayment amount last month.
The formula is as follows: the minimum repayment amount = 10%+ 100% of the consumption amount (within the credit line), the withdrawal amount+100%, and the unpaid part of the previous minimum repayment amount+100% of the consumption amount+100%.
Among them, "fees" include late fees and over-limit fees for credit cards. Credit card over-limit fee refers to the fee that the cardholder should pay to the issuing bank in accordance with the regulations when the accumulated unpaid amount exceeds the credit limit approved by the issuing bank. In addition, because the billing date and repayment date of the credit card are all in months, the late payment fee of the credit card is also charged on a monthly basis.
It can be seen from the calculation formula of credit card late payment fee that it has the function of self-proliferation, that is, its calculation basis is improved month by month. For this, the above three cases are undoubtedly the best footnotes.
In fact, credit card fines should not be so unlimited, but limited in time or amount. For example, for the credit card of China International Commercial Bank in Taiwan Province Province, the penalty interest is limited to three periods, that is, "the first month overdue penalty interest 150 yuan (NTD), the second month overdue penalty interest in 300 yuan, and the third month overdue penalty interest in 600 yuan".
The penalty for the credit card of HSBC Bank is also charged in three installments at most, that is, "the accumulated amount of the current bill is deducted from the cash amount advanced by the cardholder as of the current payment deadline, and is calculated at 2.5%. However, if the cardholder violates the minimum amount payable in the current period for three consecutive periods (inclusive), the liquidated damages payable shall be limited to three periods. "
In the United States, there is no time limit for the collection of credit card late fees, but it is fixed, that is, most major card issuers charge late fees ranging from 15 to $39. In 2005, the average charge for credit card delay was $37. In fact, this is also the application of the foreseeability rule of liability for breach of contract in contract law theory.
Baidu encyclopedia-credit card late payment fee