1. Credit cards generally have a grace period of three days after the repayment date, and repayment within the grace period is regarded as timely repayment;

if it is paid off in full, no expenses will be incurred;

2. If the repayment amount is less than the minimum repayment specified by the bank, it will be deemed overdue, with interest of .5%, and a late fee of 5% of the unpaid part of the minimum repayment amount will be charged;

3. If the repayment amount is greater than or equal to the minimum repayment, and less than the full repayment, interest shall be paid at .5%;

2. If the repayment is made beyond the grace period, it will be deemed as overdue: the interest will be calculated at .5% from the date of consumption, and there will be a late fee.

Extended information:

Late payment fee:

Late payment fee refers to the method by which the administrative organ imposes a new payment obligation on the counterpart who fails to fulfill the payment obligation within the time limit. The purpose is to urge them to fulfill their obligations as soon as possible, which belongs to a specific form of execution penalty in administrative enforcement.

It is characterized in that:

(1) It is applicable to the obligation to pay money.

(2) The obligor fails to perform his obligations within the prescribed time limit.

(3) It can be done repeatedly, specifically by charging daily.

in accordance with the relevant provisions of the tax law, the tax authorities will impose a certain percentage of daily fines on units and individuals who fail to pay taxes within the prescribed time limit. Mainly applicable to the tax field, but not limited to this.

in other management fields, where there is an obligation to pay money, when the counterpart fails to fulfill the obligation, it is possible to use late payment fees, such as environmental pollution charges. Late payment measures can not only avoid the damage to the national interests caused by the obligor's failure to perform his obligations, but also avoid the damage to the rights and interests caused by the direct imposition on the counterpart, and can urge him to perform his obligations as soon as possible, so it can be used as an effective means of administrative management.

Reference: late payment fee-Baidu Encyclopedia