? The charging standard of credit card penalty is stipulated by the central bank by the banks and cardholders, that is, the credit card penalty of each bank will be stipulated independently; However, the credit card penalty is changed to a one-time charge, and no longer compound interest on a monthly basis. According to the announcement of Industrial Bank, the charging standard of Industrial Bank's credit card liquidated damages is 5% of the unpaid part of the minimum repayment amount, with the lowest 2 yuan.

China Payment and Clearing Association has issued the newly revised Guidelines on Risk Management of Bank Card Issuance (hereinafter referred to as the Guidelines) to further standardize the credit card business operation behavior and interest and fee collection rules of commercial banks.

according to the requirements of the guidelines, starting from may 1st this year, banks can charge a maximum of 18 days' penalty for credit card accounts that are overdue for more than 181 days.

Related knowledge of Industrial Bank's credit card liquidated damages:

1. The nature of Industrial Bank's credit card liquidated damages is the same as that of Industrial Bank's credit card late payment fee, which is to restrain cardholders from repaying according to the credit card repayment rules stipulated by Industrial Bank; It's just that the monthly compound interest on the credit card penalty of Industrial Bank was cancelled, but it was collected at one time, so as to avoid the interest from snowballing for a long time.

2. Although Industrial Bank only charges 5% of the unpaid minimum credit card amount in the current period, the generation of credit card penalty also means that the cardholder has overdue repayment, which will not only affect the credit record of the cardholder, but also affect the credit record of the cardholder. It will be difficult to apply for mortgage, provident fund loan and other services if the credit card is overdue for six times.