As long as the repayment is made according to the minimum amount before the due repayment date, there will be no late payment fee and personal credit will not be affected. Please rest assured. However, circulation will have benefits. Interest is calculated from the bookkeeping date (usually the day after consumption) for all consumption in the current period, and the daily interest is 0.05% until you pay it off.

What is a credit card?

Credit card, also known as credit card, is a credit certificate issued by commercial banks or credit card companies to eligible consumers. The form is a card with name, expiration date, number and cardholder's name printed on the front and magnetic stripe and signature strip printed on the back. Consumers with credit cards can shop or spend in specialized commercial service departments, and then banks will settle accounts with merchants and cardholders. Cardholders can overdraw within a certain amount.

The credit card stipulated in the relevant laws of China (Interpretation of the NPC Standing Committee on the Provisions on Credit Cards in the Criminal Law of People's Republic of China (PRC)) refers to the electronic payment card issued by commercial banks or other financial institutions. It has all or part of the functions of consumption payment, credit loan, transfer settlement, cash deposit and withdrawal, etc.

Credit cards are divided into debit cards and quasi-credit cards. Credit card refers to the credit card that the cardholder has a certain credit limit and can repay before spending within the credit limit; Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of petty cash according to the regulations, and when the balance of the petty cash account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally only refer to debit cards.

Credit card is a non-cash transaction payment method and a simple credit service. Issued by banks or credit card companies to cardholders according to users' credit and financial resources.

Cardholders don't need to pay cash when using credit cards, but pay back on the settlement date. Except that some credit cards are combined with financial cards, general credit cards are different from debit cards and withdrawal cards. Credit cards do not directly debit the user's account.