explain the reasons for applying for deduction of interest and late fees.

in case of overdue payment, the handling fee and late payment fee will not be reduced. If the bill is not returned in time before the due repayment, late fees and interest will be charged, and personal credit will be affected.

the late payment fee shall be not less than 5% of the unpaid amount and RMB 1 yuan or d1. Interest means that all current consumption will be charged from the bookkeeping date (usually the day after consumption), and the daily interest will be one ten thousandth until it is paid in full.

Extended information:

Instructions for the use of credit cards:

If the credit card expires without the minimum repayment, it will not only deduct high interest, but also affect the personal credit record. If you want to borrow money from the bank in the future, or do something related to personal credit, it will be more troublesome.

Generally, credit cards charge an annual fee, and banks charge a certain service fee every year. However, due to the fierce competition among major banks, many banks compensate for their annual fees.

for example, spending 1 times by swiping a card can avoid the annual fee of the current year, and the annual fee changes by 1 points. It is necessary to know how the credit card with annual fee used by users collects and calculates the compensation annual fee.

Reference: Baidu Encyclopedia-Late Fee for Credit Card

Reference: Baidu Encyclopedia-Credit Card.