Late payment fees generated by credit cards will affect credit.
Credit card late fee refers to the late fee that the cardholder needs to pay for the unpaid part of the minimum repayment amount when the actual repayment amount on the due repayment date of the credit card is lower than the minimum repayment amount. The proportion of overdue fine shall be uniformly stipulated by the People's Bank of China, which is 5% of the unpaid part of the minimum repayment amount.
Article 22 of the Measures for the Administration of Bank Card Business:
That is, the issuing bank charges the credit card holder a late fee of 5% of the unpaid minimum repayment amount.
The behavior stipulated in this law is the behavior of not repaying the minimum repayment amount, and the legal consequence is that the overdue fine should be charged at 5% of the unpaid part of the minimum repayment amount. Obviously, this legal consequence is the liability for breach of credit card collection contract between the issuing bank and the cardholder.
Credit cards generate late fees, which are overdue. As long as there is one overdue repayment, it will leave a bad record in the central credit reserve, which will have a negative impact on future credit cards and loans. But this record can be repaired, as long as the repayment on schedule in the next two years has little impact.
Will the late payment fees generated by credit cards affect credit?
Yes, if it is a CMB credit card, there is no late payment fee at present. If the bill is not returned in time before the due repayment date, liquidated damages and interest will be charged. The penalty is 5% of the unpaid minimum amount, and the minimum amount is RMB 10 yuan or USD 1 yuan. Interest refers to the collection of all consumption in the current period from the bookkeeping date (usually the day after consumption), with a daily interest rate of five ten thousandths until you pay it off in full.
If there is a late fee, will the credit of China Bank's credit card be affected?
According to the Regulation on the Administration of Credit Information Industry, commercial banks and other financial institutions must timely, accurately and comprehensively report the account information, transaction information and repayment information of customers' credit cards to the personal credit database of the People's Bank of China, so as to timely, comprehensively and truly reflect customers' personal credit status. If your credit card overdraft fails to repay on time, resulting in overdue records, your personal credit record at the People's Bank of China will reflect your customer view and have an impact on your personal credit record, regardless of whether your credit card is cancelled or not.
The above contents are for your reference. Please refer to the actual business regulations.
If you have any questions, please contact online customer service of Bank of China.
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The introduction of credit card late payment fee and credit card interest late payment fee ends here. I wonder if you have found the information you need?