M is the abbreviation of repayment months (Months).

It is generally understood that M is the abbreviation of repayment months (Months).

M1 period: It is the continuation of the M0 period, that is, between the second bill date of unpaid debt and the last payment date of the second bill.

M2 period: It is the continuation of M1, that is, between the third bill date of non-repayment and the last payment date of the third bill.

M3 period: It is the continuation of M2, that is, between the fourth bill date of outstanding payments and the last payment date of the fourth bill.

The M4 period is the continuation of M3, that is, between the fifth bill date of unpaid bills and the last payment date of the fifth bill.

M4+ period: Overdue accounts that exceed the M4 period are called M4+. Most of the accounts in this situation are because the bank cannot contact the cardholder, or there are counterfeit cards or stolen cards.

Explanation of terms related to credit cards:

Late fee: It is a penalty for overdue accounts. It is generally charged at one percent of the unpaid portion of the minimum repayment, with a minimum charge of ten yuan. , but some banks charge 3%, with a minimum of 30 yuan.

Interest: Same as all banks, calculated based on daily interest rate of 5/10,000, and compound interest calculated on a monthly basis!.

Over-limit fee: Calculated based on the excess limit, different banks charge different percentages, and the lowest is almost 5 yuan.