overdue interest of credit card: the daily interest is calculated at .5%, and the interest starts from the consumption bookkeeping date. In addition, the overdue payment of the credit card is required, and the overdue payment is charged at 5% of the unpaid part of the minimum repayment amount, which is collected on a monthly basis.

At present, the interest rate of overdue credit card repayment in all banks is the same, which is five ten thousandths of the daily interest, with compound interest calculated on a monthly basis. It is important to note that the principal of interest calculation is the sum of the consumption amount of the current month, and the interest-bearing time is: interest is calculated from the day of consumption, which is not the number of days overdue as many card friends imagine.

in addition, because the cardholder fails to repay the loan on time, the bank will also charge a late payment fee, and the proportion of late payment fee is even higher: 5% of the total amount, and it will be charged once a month. It can be seen that this is a very important point in the process of using credit cards, because overdue will generate certain interest. Of course, every bank also has relevant regulations, but as long as everyone repays on time after using it, there will be no overdue situation.