Overdue payment not only has a late payment penalty of 5% for the minimum unpaid portion, but also a penalty interest on the full amount of the bill (daily interest rate of 0.5%, interest will be calculated starting from the day of consumption, and interest will be charged monthly until the principal and interest are paid off). A bad credit record will be generated in the Credit Reference Center of the People's Bank of China, and it will be difficult to apply for credit cards and bank loans within 5 years; the Criminal Law has such provisions on credit card crimes: exceeding the prescribed limit or overdraft within the time limit, and the card issuing bank exceeds 3 If the money is not returned within 3 months, it will be classified as a malicious overdraft. Malicious overdraft of more than RMB 10,000 and less than RMB 100,000 is deemed to be a relatively large amount and shall be punished with imprisonment of not more than five years or criminal detention; if the amount is from RMB 100,000 to RMB 1 million, which is a huge amount, the person shall be sentenced to imprisonment of not less than 5 years but not more than 10 years.
If your ICBC business card is overdue, please repay it as soon as possible. The consequences of overdue repayment on the ICBC credit card are as follows: If the credit card fails to repay the minimum repayment amount before the due repayment date (inclusive) , is deemed to be overdue, and in addition to interest, corresponding liquidated damages will be incurred (liquidated damages = the unpaid portion of the minimum repayment amount × 5). It is recommended that you make timely repayments or sign an automatic repayment agreement before the repayment date in the future to avoid affecting your personal credit.
1. If you currently have difficulty repaying your loan, you can repay the minimum repayment amount first. If the credit card consumption is not repaid in full and on time, ICBC will charge overdraft interest at the rate of 50,000 per day on the unpaid portion from the bank accounting date to the repayment date. Cards that are subject to full penalty interest will be charged Overdraft transactions that enjoy the interest-free period include overdraft interest charged on the "repaid portion" from the accounting date to the repayment date. The grace period for ICBC credit cards is generally 5 days. If the payment is made 5 days later than the due date, it is considered overdue.
2. Repaying your ICBC credit card a few days late will incur late payment fees and may also affect your credit record. The so-called late payment fee means that when the cardholder's actual repayment amount is lower than the minimum repayment amount on the due date of the credit card, the cardholder must pay late payment fees for the unpaid portion of the minimum repayment amount. Moreover, the proportion of late payment fees is uniformly stipulated by the People's Bank of China, which is 5% of the unpaid portion of the minimum repayment amount. ICBC credit card stipulates that the late payment fee is RMB 5 of the unpaid portion of the minimum repayment amount, with a minimum of RMB 1. It should be noted that the basis for late payment fees is the unpaid portion of the minimum repayment amount.
3. Calculation formula for late payment fees for ICBC credit cards: late payment fees = (minimum repayment amount – amount repaid as of the due payment date) × 5. For example, if a user spends 10,000 with an ICBC credit card yuan, the minimum repayment amount is 1,000 yuan, and if there is no repayment before the due payment date, the late payment fee charged for the industrial and commercial credit card is: 1,000*5=50 yuan. If the user cannot repay the loan on time and the actual repayment amount is lower than the minimum repayment amount, late payment fees will be incurred. Therefore, the user must repay the loan on time and not lower than the minimum repayment amount to avoid unnecessary losses. It also affects your creditworthiness.