2. If it is a credit card, if the minimum repayment amount is not repaid before the due repayment date (inclusive), it will be considered overdue, and corresponding liquidated damages will be generated in addition to interest (liquidated damages = unpaid part of the minimum repayment amount × 5%).
The minimum repayment amount of ICBC's credit card is 10% of the bill amount. After the minimum repayment, the daily interest of 0.5% shall be calculated according to the balance of the bill until the principal and interest are paid off. Pay attention to the following points when using credit cards:
1. If you spend before the monthly bill, you can pay it off before the sunrise bill and the first repayment date after the bill, and you can enjoy interest-free treatment;
2. If the consumption after the monthly bill date is paid off before the first repayment date after the next month's bill date, you can enjoy interest-free treatment.
3. There is no interest-free period for credit card withdrawal, and there is a handling fee. From the date of withdrawal, the interest shall be calculated at 0.5 ‰ of the bill amount until all the principal and interest are paid off, so the credit card withdrawal should be repaid as soon as possible;
4. The repayment date of the credit card is the final repayment date. You can repay any day before, and you can repay many times. But even if it is overdue after the repayment date, it may affect personal credit, so it is necessary to repay it in time.
Extended data:
In order to improve the market-oriented mechanism of credit card business, meet the growing demand of the public for credit card payment, improve the quality of credit card service and promote the healthy and sustainable development of the credit card market, the People's Bank of China recently issued the Notice of the People's Bank of China on Credit Card Business (hereinafter referred to as the Notice), which came into effect on 20 17 1.
ICBC's credit card costs 4,000 yuan in the current month (1-3 1 whichever day), and there is no interest before the repayment date on the 25th of the following month.
But it must be repaid in full at maturity. If you want to apply for the minimum repayment (credit card installment), you must bring your ID card and credit card to any local ICBC outlet for installment repayment.
ICBC will not take the initiative to handle the installment repayment business for cardholders after credit card consumption, but cardholders must take the initiative to apply (two ways, one is to handle it at any branch counter and the other is to handle it by telephone at 95588. Reminder: 95588 customer service staff will check whether the consumption record is true! ! )
References:
Baidu encyclopedia-minimum repayment amount