1. How to charge credit card overdue interest and liquidated damages

Credit card overdue fees will be charged 5% of the unpaid portion of the minimum repayment amount, with a minimum of 10 yuan or $1. If you spend 15,000 yuan with your card this period and the minimum repayment amount in the current period is 1,500 yuan, and then you only repay 500 yuan to the bank that month, then the bank will pay the part lower than the minimum repayment amount.

It should be noted that late payment fees are never charged separately, and penalty interest is also charged for late payment fees. The daily interest rate of credit card overdue penalty interest is 5/10,000. The interest of the current month is included in the principal of the next month, and the late payment fee is calculated together; that is to say, one billing cycle is the calculation period for interest and late payment fees. If the payment is not paid in the next cycle, the interest and late payment fees will be calculated. Incorporate into principal and recalculate. In this way, profits will compound and accumulate more and more.

2. What if the credit card is overdue?

1. Credit cards generally have a grace period of three days after the repayment date. If the cardholder repays within the grace period, it is deemed to have been repaid on time. , if the cardholder can repay in full, no fees will be incurred, and the cardholder can continue to enjoy the interest-free repayment treatment; if the cardholder only repays the minimum repayment amount, it is not considered an overdue repayment, but it cannot be repaid. Enjoy the interest-free period, and the interest rate is calculated at 0.05/day.

If the cardholder fails to repay even the minimum payment, it will be considered as overdue repayment, and the bank will charge interest at a daily interest rate of 0.5% from the date of consumption. In addition, the bank will also charge a late payment fee, which is generally 5% of the unpaid amount. The specific calculation formula is: late payment fee = (minimum repayment amount-amount repaid as of the due payment date) × 5, There are minimum and maximum limits.

2. If the cardholder is unable to repay on time due to unemployment or illness, before the final repayment deadline arrives, he can state his financial situation to the bank, state that he is not maliciously overdrafting, and apply for a postponement of repayment. Payment and interest discounts.

Only when the credit card is overdue for three consecutive times and six times in total, or does not repay, will a bad record be left in the People's Bank of China's credit reporting system. Therefore, if it is only overdue once, the credit card will not be issued for the time being. The credit stain caused by the cardholder will only affect the cardholder's future limit adjustment and is not conducive to increasing the credit card limit.

3. Article 70 of the "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks"

Under special circumstances, it is confirmed that the amount of credit card debt exceeds the cardholder's repayment ability and the cardholder If the person is still willing to repay, the card-issuing bank can negotiate with the cardholder on an equal footing to reach a personalized installment repayment agreement. The maximum period of a personalized installment agreement shall not exceed 5 years. The contents of the personalized installment repayment agreement should at least include:

(1) Arrears balance, structure, currency;

(2) Repayment cycle, method, currency, Date and repayment amount in each installment;

(3) Whether annual fees, interest and other fees will be charged during the repayment period;

(4) Cardholders will pay in personalized installments A commitment not to apply for a credit card from any bank before all amounts related to the loan agreement have been settled;

(5) Rights, obligations and liability for breach of contract by both parties;

(6) Repayment Other matters related to payment.

If both parties reach an agreement and sign an installment repayment agreement, the card-issuing bank and its card-issuing business service agency shall stop collecting payments from the cardholder, unless the cardholder fails to fulfill the installment repayment agreement. If an oral repayment agreement is reached, the card-issuing bank must retain the recording materials. The recording data will be retained at least until the date of settlement of the debt.

A credit card is a payment tool that provides us with the ability to spend money in advance. By using credit cards, we can satisfy our needs. However, overdue credit cards will have a certain amount of interest to be repaid. When using credit cards, you must consume within your ability to avoid overdue due to excessive repayment pressure, which will eventually affect your credit score and cause certain problems in your life and work. Influence.