Bank of China credit card repayment penalty means that the cardholder fails to repay the minimum repayment amount before the due repayment date (inclusive). In addition to the loan interest payable, the bank will pay the minimum repayment amount. A repayment penalty of 5% of the unpaid portion will be charged. The specific calculation method of repayment liquidated damages is: repayment liquidated damages = (minimum repayment amount - repaid amount) × 5%.

If the minimum repayment amount is less than 10 yuan (inclusive), no liquidated damages will be charged; after 6 periods of overdue payment, no penalty will be charged; the amount collected will not exceed the principal.

The above content is for your reference, please refer to actual business regulations.

If you have any questions, please feel free to consult Bank of China’s online customer service.

You are sincerely invited to download and use Bank of China Mobile Banking APP or Bank of China Cross-border GO APP to handle related businesses.