Bank of China credit card repayment penalty means that the cardholder fails to repay the minimum repayment amount before the due repayment date (inclusive). In addition to the loan interest payable, the bank will pay the minimum repayment amount. A repayment penalty of 5% of the unpaid portion will be charged.

Warm reminder:

The specific calculation method of repayment liquidated damages is: repayment liquidated damages = (minimum repayment amount - repaid amount) × 5%.

If the minimum repayment amount is less than 10 yuan (inclusive), no liquidated damages will be charged; after 6 periods of overdue payment, no penalty will be charged; the amount collected will not exceed the principal.

(Answer time: November 3, 2023)

The above content is for your reference, please refer to the actual business regulations.

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