The calculation formula of late payment fee for ICBC's credit card is: late payment fee = (minimum repayment amount-paid amount by the due repayment date) ×5%
For example, if a user spends 1, yuan by swiping the card, the minimum repayment amount is 1 yuan, and no repayment is made before the due repayment date.
1. The overdue fine for credit card arrears is 5% of the minimum repayment amount of the bill, and the minimum repayment amount of 1, yuan is 1 yuan, and the overdue fine is 5 yuan.
2. Calculation formula of overdue interest of credit card: overdue interest of credit card = last month's consumption * overdue days *.5
There are three figures in the above calculation formula of overdue interest of credit card, namely overdue amount, overdue days and daily interest rate. The meanings of these three numbers are introduced below.
1. Last month's consumption
One thing that needs special attention is that the calculation limit of overdue credit card is not the amount owed, but the consumption amount of last month. That is, if you spent 1, yuan last month, even if you have already repaid 9999 yuan, then if you owe 1 yuan, you will calculate the overdue interest of your credit card as if you owe 1, yuan.
therefore, try not to generate overdue credit cards, otherwise, if the consumption last month is very large, the base of interest calculation will be too large.
: Because the overdue interest of credit cards is calculated on a daily basis, the number of days that credit cards are overdue is also very important. The number of overdue days refers to the number of days from the billing date to the current billing date.
First of all, it is a breach of contract not to repay the credit card after overdraft, and the bank may require the cardholder to repay the principal, overdue interest, late payment fee and over-limit fee, etc. If the bank sues the court and wins, the cardholder will also bear the litigation costs.
Legal basis:
Article 26 of the Contract Law of the People's Republic of China
The borrower shall repay the loan within the agreed time limit. If the term of the loan is not agreed or clearly agreed, and cannot be determined according to the provisions of Article 61 of this Law, the borrower may return it at any time; The lender may urge the borrower to return it within a reasonable period of time.