ICBC credit card overdraft, repayment rules:

1. Repayment period

ICBC credit card bill date is the end of the month, which is the last day of the natural month one day. The interest-free repayment period starts from the bill date to the due repayment date. The longest repayment period for ICBC credit card overdrafts is 56 days and the shortest is 26 days. You can enjoy the longest interest-free period by swiping your card on the 1st of each month.

2. Overdraft Withdrawal

There is no interest-free repayment period for ICBC credit card overdraft withdrawals. There is no handling fee for local overdraft withdrawals. Overdraft interest will be calculated daily starting from the second day of the overdraft transaction date. Interest is calculated at an interest rate of 0.5%.

3. Overdraft consumption

ICBC credit card consumption has an interest-free repayment period of 25 to 56 days. The due date for repayment is the 25th day from the bill date.

Cardholders can repay according to the minimum repayment amount specified by the card issuer, which shall not be less than 10% of the overdraft balance. If the cardholder fails to repay in full before (inclusive) the due repayment date, he will not enjoy the interest-free repayment period; the interest on the repaid part will be calculated from the overdraft transaction date to the repayment date, and the unpaid part will be calculated from the date of the overdraft transaction to the repayment date. Interest will continue to accrue on the overdraft transaction day. Overdraft interest is compounded monthly.