If it is paid off in full, there will be no cost. There is generally a three-day grace period after credit card repayment, and repayment within the grace period is regarded as timely repayment. If you can only repay the minimum repayment amount, you need to calculate the daily interest, starting from the consumption bookkeeping date.
If the repayment exceeds the grace period or the repayment amount is lower than the minimum repayment amount stipulated by the bank, the interest will be calculated from the bookkeeping date, and a late fee of 5% of the minimum repayment amount will be charged monthly. The specific daily interest rate may vary with different credit cards.
The overdue credit card does not mean that it will not be repaid on the last repayment date, but is overdue to the billing date of next month. Failing to do so within the time limit will also affect the credit information, resulting in liquidated damages and interest, and serious cases will be prosecuted by the court and imprisoned. If you have the ability to repay in full, I still suggest that you repay in full every month, which can save a lot of interest money.
Extended data:
Credit card repayment The common credit card repayment methods in China mainly include the following categories:
1, intra-bank repayment
The repayment methods mainly include: issuing bank counter, ATM, online banking, automatic transfer, telephone banking repayment, etc. The credit card limit will be restored immediately after repayment, and the money will generally be recorded after being processed by the system on the same day.
2, mobile phone repayment
Mobile phone is a personal payment terminal of mobile financial system, which can be used for direct repayment and transfer by credit card. Arrive immediately!
3. Convenience store repayment
Convenience store repayment is mainly completed through the "Lacarra" smart payment terminal installed in the convenience store. Generally, it will arrive in 2~3 working days, and there is no handling fee for repayment in this way.
4. Online repayment
The more common online repayment methods in China are: Baidu wallet, UnionPay online, quick money,? Shengfutong, Alipay, Yifubao and so on. Choose different platforms and banks, and the charging standards and specific arrival time are different.
5. Inter-bank transfer
Inter-bank transfer/remittance repayment is mainly divided into two ways: inter-bank in the same city and inter-bank in different places. Whether it is transfer or remittance, the remittance bank will charge a certain fee, and the payment time and repayment convenience are not as good as those of peers, online repayment and convenience stores.
6. The counter is connected
Counter link refers to the bank card issued by various networked financial institutions, and the RMB current deposit and withdrawal transactions are conducted through the counters of other bank outlets registered in the mainframe system of UnionPay Trading Center.
References:
Baidu encyclopedia-credit card repayment