1. If you are a gold card user of Peony Credit Card, the overdraft limit of your account is 10000 yuan, and the ordinary card is 5000 yuan. The card has no interest-free repayment period, and the overdraft and interest must be returned within 60 days (inclusive) after the bank bookkeeping date. Overdraft interest shall be charged at the daily interest rate of 0.5 ‰ from the overdraft bookkeeping date, and loan interest shall be charged on a monthly basis.

Second, if your card is a peony credit card or an international credit card, the interest-free repayment period of this card is 25 to 56 days. The due repayment date is the 25th day after the bill date. There is no interest-free repayment period for overdraft withdrawal of this card, and overdraft interest is calculated at the daily interest rate of five ten thousandths from the overdraft trading day.

However, no matter what kind of card, the cardholder must repay according to the minimum repayment amount stipulated by the card issuer, and the minimum repayment amount is not less than 10% of the overdraft balance. In the following two cases, there will be such consequences:

1. If the cardholder fails to repay in full before the due repayment date (inclusive), he will not enjoy the interest-free repayment period;

2. The interest on the repaid part shall be collected from the overdraft trading day to the repayment date, and the interest on the unpaid part shall continue to be collected from the overdraft trading day.

Overdraft interest is compounded monthly. If the minimum repayment amount cannot be repaid before the end of business on the due repayment date, in addition to paying overdraft interest according to the above interest-bearing method, a late fee of 5% of the unpaid minimum repayment amount shall also be paid. If the minimum repayment amount is not fully repaid twice (inclusive) before the end of business on the due repayment date, the card issuer has the right to stop using the card.