1. ICBC Credit Card Interest - Overdraft Consumption Interest

ICBC Peony 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 stipulated by the card issuer, and the minimum repayment amount 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 repayment. Interest will continue to accrue on the overdraft transaction day. Overdraft interest is compounded monthly.

If you fail to repay the minimum repayment amount before the end of business on the due repayment date, in addition to paying overdraft interest according to the above interest calculation method, you should also pay a late payment fee of 5% of the unpaid portion of the minimum repayment amount. .

If you fail to repay the minimum repayment amount in full before the end of business on the due repayment date for more than two consecutive times (inclusive), the card issuer has the right to stop using the card.

2. ICBC Credit Card Interest - Overdraft Cash Withdrawal Interest

There is no interest-free repayment period for ICBC Peony Credit Card overdraft withdrawal, and there is no handling fee for local overdraft cash withdrawal. The overdraft interest comes from the overdraft. Interest will be calculated based on the daily interest rate of 0.5% from the second day of the transaction.