Legal analysis: the late payment fee for credit card refers to the late payment fee for the unpaid part of the minimum repayment amount when the actual repayment amount of credit card is lower than the minimum repayment amount on the due repayment date. It is understood that the proportion of late payment fees is uniformly stipulated by the People's Bank of China, which is 5% of the unpaid part of the minimum repayment amount. However, due to different bank policies, the minimum amount set is not the same.

Legal basis: Measures for the Administration of Bank Card Business

Article 21 When a credit card holder chooses the minimum repayment method or uses a card that exceeds the credit limit approved by the issuing bank, he will no longer enjoy the interest-free repayment period, and will pay overdraft interest at the prescribed interest rate for the unpaid part from the bank bookkeeping date. Credit card holders who withdraw cash or quasi-credit card overdrafts do not enjoy interest-free repayment period and minimum repayment amount, but should pay overdraft interest calculated at the prescribed interest rate on the cash transaction amount or overdraft amount from the bank bookkeeping date.

Article 22 The issuing bank shall charge the cardholder the overdue fine of 5% of the outstanding minimum repayment amount and the credit line exceeding the limit and the handling fee exceeding the limit.