1. Rules for calculating liquidated damages: According to relevant laws and banking policies of China, the overdue liquidated damages of credit cards are calculated according to a certain proportion. Usually, banks will give customers a grace period, during which even if they are overdue for one day, they will not immediately charge liquidated damages.
2. Length of grace period: The length of grace period depends on the bank's policies and specific credit card products. Generally speaking, the grace period is about 15 days, and some credit card products may be extended to 30 days. Only after the grace period has passed and the repayment has not been paid, the bank will begin to calculate the liquidated damages.
3. Calculation method of liquidated damages: liquidated damages are usually calculated according to a certain proportion of overdue amount, and the proportion varies with banks and credit card products. The calculation formula of liquidated damages can refer to the credit card contract or consult the bank.
Summary: ICBC's credit card will not be deducted immediately if it is overdue for one day, but will be calculated after the grace period ends. The specific calculation rules of liquidated damages will vary according to the bank's policies and credit card products. If you want to know more about personal credit records and big data, users are advised to go to Eagle Heart to inquire about credit big data.
Extended data:
Eagle Heart Quick Check is an organization that provides personal credit report inquiry service. Through this platform, users can get their own credit reports for free, and learn about their personal credit status, loan records, overdue situations and so on. At the same time, users can also purchase more detailed credit reports to better manage personal credit. Through eagle heart quick inquiry, users can know their credit status in time and avoid overdue and liquidated damages.