Credit card debit interest mostly refers to Bank of China credit card debit interest. Bank of China credit card debit interest refers to the interest charged by using the deposit in the credit card for consumption or cash withdrawal.

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the prescribed credit limit. The so-called credit card generally refers to a credit card only.

Bank of China’s quasi-credit card deposits have deposit interest, and can also be used for overdrafts. Whether it is used for consumption overdrafts or cash withdrawal overdrafts, overdraft interest must be paid to the bank. Cardholders in China The credit card debit interest seen on the bank's credit card statement is this interest. The rules for accruing interest and fees for credit card overdrafts are as follows:

(1) Consumption:

The cardholder’s transactions other than cash and transfers are from the bank accounting date to the statement notification The interest-free repayment period is the interest-free repayment period (hereinafter referred to as the due repayment date) (hereinafter referred to as the due repayment date), and the due repayment date shall be subject to agreement with the cardholder.

Cardholders who repay all amounts due before the repayment due date (inclusive) do not need to pay overdraft interest for transactions other than cash and transfers.

If the cardholder repays the minimum repayment amount before the due repayment date (inclusive), the card issuer will only charge the unpaid portion at a rate of 50,000 per day from the bank's accounting date. Overdraft interest from the date of repayment to the date of repayment, and the overdraft interest is compounded on a monthly basis.

(2) Late payment fee:

If you cannot repay the minimum payment amount before the due payment date (inclusive), it will be considered overdue. In addition to the overdraft interest payable, a late payment fee is also payable based on 5% of the unpaid portion of the minimum repayment amount, with a minimum of 1 yuan or 1 Hong Kong dollar or 1 US dollar or 1 euro and a maximum of 500 yuan or 500 Hong Kong dollars or 100 US dollars or 100 euros.

If you fail to repay the minimum repayment amount in full before the due payment date (inclusive) for more than two consecutive times (inclusive), the card issuer may stop using the card.

Calculation method of late payment penalty: late payment penalty = the unpaid portion of the minimum payment × 5

(3) Overdraft cash withdrawal and transfer:

Overdraft cash withdrawal and transfer are not allowed Enjoy the interest-free repayment period, and pay overdraft interest on the amount used from the bank accounting date to the repayment date at a rate of 50,000 per day.

The rules for accruing interest and fees for credit card overdrafts are as follows:

Consumption: The cardholder’s transactions other than cash and transfers are from the bank recording date to the expiry of the statement notice The interest-free repayment period is until the repayment date (hereinafter referred to as the due repayment date) (inclusive), and the due repayment date shall be subject to agreement with the cardholder. Cardholders who repay all amounts due before the due repayment date (inclusive) do not need to pay overdraft interest for transactions other than cash and transfers.

The cardholder repays the minimum repayment amount before the repayment due date (inclusive). The card issuer will only charge the unpaid portion at a rate of 50,000 per day starting from the bank accounting date. The overdraft interest until the repayment date is compounded monthly.

Late payment penalty: If you cannot repay the minimum payment amount before the due payment date (inclusive), it will be considered overdue. In addition to the overdraft interest payable, a late payment fee of 5% of the unpaid portion of the minimum repayment amount is also payable.