1. First of all, the overdue interest rate refers to the liquidated damages charged by the bank according to a certain proportion. For ICBC credit cards, the overdue interest rate is generally five ten thousandths.
2. The specific calculation method is: the overdue amount is multiplied by the overdue days, and then multiplied by the overdue interest rate. For example, the overdue amount is 50,000 yuan, and the overdue amount 1 day should be calculated as: 50,000×1day× 0.0005 (that is, five ten thousandths) = 25 yuan.
3. Summary: The interest calculation formula of ICBC credit card for one day overdue is: overdue amount × overdue days × overdue interest rate.
Extended data:
Overdue interest is a kind of liquidated damages charged by the bank according to the borrower's failure to repay the arrears on time. The specific overdue interest rate and calculation method may be different due to different credit card institutions or policies. The above is the general calculation method of overdue interest on ICBC credit cards. Please consult the relevant banks for an accurate understanding of the actual situation.