Industrial Bank's credit card late payment fee is based on the relevant regulations of the People's Bank of China. If your actual repayment amount is lower than the minimum repayment amount on the due repayment date, the bank will charge a late fee for the part of the minimum repayment amount that you fail to repay on time.

Second, the Industrial Bank credit card late fee charging standard

The proportion of overdue fine shall be uniformly stipulated by the People's Bank of China, which is 5% of the unpaid part of the minimum repayment amount.

The minimum charge standard of Industrial Bank's credit card late payment fee is 20 yuan or 3 yuan dollars.

Three, Industrial Bank credit card late fee calculation method

Late payment fee = (minimum repayment amount-actual repayment amount) X5%

For example, the cardholder Xiaoxing credit card spends 20,000 yuan, and the minimum repayment amount in the current period is 2,000 yuan. If Xiaoxing only repays 1 1,000 yuan to the bank on the due repayment date, the bank will charge a late fee for the part below the minimum repayment amount, that is, 2000 yuan-1 1,000 yuan = 1 1,000 yuan, and the amount of late fee charged is 60 yuan.

Reminder: Before the due repayment date, if the repayment is not made in full, all consumption amounts will be charged with revolving credit interest, as follows:

First, Industrial Bank credit card revolving credit.

Industrial Bank Credit Card Revolving Credit is a small unsecured loan with daily interest. You can decide the repayment amount by yourself according to your financial situation before the repayment is due every month. When the repayment amount is equal to or higher than the minimum repayment amount of the current bill, but lower than the current repayment amount, the remaining deferred repayment amount is the circulating credit balance.

Industrial Bank credit card revolving credit is a very convenient loan tool, which not only allows you to enjoy the convenience of swiping your card, but also is a good choice for you to manage your finances easily. If you choose to use revolving credit, you will not be able to enjoy the current interest-free repayment period.

Two, Industrial Bank credit card revolving credit interest calculation rules

1. If the consumption of each installment is not fully repaid before the final repayment date, the interest will be calculated from the date when the consumption is recorded.

2. Cash withdrawal by credit line is to calculate the circulating interest from the same day.

Please repay according to the amount on the monthly statement. If you repay with the minimum repayment amount, you can make your capital flow more freely without affecting your credit history under the condition of paying the cyclic interest.

Three, Industrial Bank credit card revolving credit interest calculation method

Calculation method of cyclic interest: each consumption amount of the previous statement is the interest-bearing principal, and the interest-bearing days are from the account bookkeeping date to the account repayment date, and the daily interest rate is five ten thousandths. The interest on revolving credit will be listed in the next bill.