1. Credit card overdraft withdrawal does not enjoy the interest-free repayment period. For part of the funds used from the bank bookkeeping date to the repayment date, overdraft interest will be paid at the rate of 0.5 ‰ per day, and a withdrawal fee will be incurred.
Two. Overdraft consumption is an interest-free repayment period from the bank bookkeeping date to the due repayment date (inclusive). If you repay in full and on time, you don't need to pay overdraft interest. If the repayment is not made in full and on time, ICBC will charge five ten thousandths of overdraft interest (full interest for some products) for the unpaid part every day from the bank bookkeeping date to the repayment date. If repayment is made subsequently, interest will be calculated until the repayment is received and recorded on the billing date.
Tips: If it is a quasi-credit card, there is no interest-free repayment period for the overdraft transaction of the quasi-credit card. The overdraft interest will be charged at the rate of 0.5 ‰ per day from the transaction bookkeeping date, and the principal and interest will be repaid on time within 60 days from the first overdraft transaction. The maximum overdraft period of quasi-credit cards is 60 days. If it is not returned after more than 60 days, it shall be deemed as overdue.
1. What exactly does credit card overdraft interest mean?
Credit card overdraft interest means that the credit limit in the credit card is used up, but it is still being consumed, and the bank will charge interest on these amounts. Generally, interest will be charged at the rate of 0.5 ‰ of the daily interest within 15 days from the bank bookkeeping date (including the current day), 0.5 ‰ of the daily interest after 15 days, and 15 ‰ of the daily interest after 30 days or when the overdraft amount exceeds the specified limit.
2. Is there a minimum repayment after the card is sealed?
After the card is blocked, if the bank asks to pay off the arrears in one lump sum, it will not be able to make the minimum repayment. But if the bank has no special requirements, you can still choose the minimum repayment amount even if the card is blocked. If the minimum repayment amount is adopted, interest will still be charged during this period, and users are advised to pay off the arrears in one lump sum.
3. What are the consequences of credit card overdraft?
1. Bear high penalty interest.
After the credit card defaults, the liquidated damages usually involved are the revolving interest fee and the late payment fee.
The essence of revolving credit is a small, unsecured loan with daily interest. If the repayment is not made in full on the last repayment date, revolving credit interest will be generated on the next statement, and the interest needs to be calculated from the date when the consumption is recorded.
The so-called credit card late payment fee refers to the fee that the cardholder should pay to the issuing bank according to the regulations when the repayment date (inclusive) is overdue or the repayment amount is lower than the minimum repayment amount.
2. Leave a bad credit record.
Credit card users' overdue repayment will be recorded in bad credit records, and the basic database of personal credit information has been networked nationwide. As long as individual residents have handled loan business in banks, applied for credit cards, or provided guarantees for others, credit reports can be found in any domestic commercial bank.
3. Malicious overdraft requires criminal responsibility.
Article 196 of the Criminal Law stipulates that malicious overdraft refers to the behavior that the cardholder overdraws beyond the prescribed limit or time limit for the purpose of illegal possession and refuses to return it after being urged by the issuing bank.
Malicious overdraft, credit card fraud, the amount is relatively large, shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and a fine of not less than 20,000 yuan but not more than 200,000 yuan; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan or confiscated property.