What does ICBC mean by credit card penalty?

Credit card penalty refers to that if the cardholder fails to repay the minimum repayment amount before the due repayment date (inclusive) as agreed, it will be regarded as the cardholder's breach of contract, and the bank has the right to collect the penalty from the cardholder according to the following standards.

expanding knowledge: the use of credit cards

1. Security issues

Because credit cards are convenient and fast to use, coupled with the rapid development of science and technology, the security problems faced by credit cards are becoming more and more serious due to the mechanism of paying first, and major international credit card groups and global card-issuing financial institutions are facing severe challenges. The security problems of credit cards are mainly divided into the following five aspects:

Credit cards: criminals or criminal groups use fake or invalid cards (expired/lost and invalid/damaged tapes, etc.) to pretend to be genuine cards and directly deceive merchants or card issuers.

cardholder: the card is improperly kept/handled (expired/invalid credit cards are not destroyed, or lost and not immediately invalidated, etc.), and personal identity information is inadvertently stolen or defrauded. In order to avoid such problems, citizens should not easily provide personal identification information, and it is best not to entrust others to handle credit cards.

consumer merchants: the service staff overshot the cardholder during the consumption process, or stole his credit card information to other merchants for consumption. This situation can happen whether it is a physical business or a network virtual business.

card issuer: the computer system is maliciously invaded, stealing the basic/transaction information of customers. There are also unscrupulous cases in which employees in the organization are inside the house and steal from themselves, or the inside is magical and the outside is evil.

trading system and mechanism: as long as it is made or handled by human beings, human errors and omissions are inevitable; No matter how rigorous the trading mechanism is, with the world-class trading system from confirmation to settlement, it is still possible to be invaded, and the so-called "invasion" actually has differences in hierarchy.

second, the consequences of overdue

1. liquidated damages, generally the minimum repayment amount, are 5% of the unpaid part.

2, high interest, and it is a rolling interest, and interest is very scary when there are many debts.

3. The overdue period will stain the credit record, which will lead to the inability to handle financial needs such as house purchase and loan in the next two years.

4. If it is overdue for more than 3 months and the amount exceeds 1,, the bank has failed to make several reminders, and it will not only pay back the money, but also bear criminal responsibility.

Is ICBC credit card penalty the same as overdraft interest?

ICBC credit card penalty is different from overdraft interest. Generally speaking, ICBC credit card penalty means that the user is overdue when returning the credit card arrears, and a penalty will be generated after overdue repayment. The overdraft interest refers to the interest generated by the user after using the credit card to withdraw cash. It should be noted that in addition to generating interest, the withdrawal will also charge a handling fee.

When using the ICBC credit card, you must not make overdue repayment. In addition to liquidated damages, the bank will also upload overdue records to the credit information center, which will affect the handling of various loans after personal credit information becomes bad. Such as car loans or mortgages. And after the overdue return, this overdue record will be kept for 5 years.

actually, when the credit card cannot be returned on time, the cardholder can apply to the bank for installment repayment. At this time, you can choose the appropriate number of installments according to your income. The more installments you choose, the more fees you will pay. It should be noted that the user can return it in advance after handling the installment repayment.

in order to avoid not being able to repay on time after using the credit card, users had better think about the repayment plan in advance when using it, and know what income they will use to repay the arrears. If an individual does not have a good income, he should use credit card carefully at this time to avoid having a greater impact on the individual.

ICBC's overseas credit card deducted more than 1 yuan as penalty

What you want to ask is how to calculate the penalty of ICBC's overseas credit card deducted more than 1 yuan, according to ICBC's credit card penalty fee standard.

ICBC charges a minimum of 5% of the outstanding amount in each installment, and a maximum of 5 RMB or 5 HK dollars or 5 Macao dollars or 1 US dollars or 1 euros in each installment (the remaining foreign currency accounts are equivalent foreign currencies below 1 US dollars) or according to the agreement.

although according to the regulations of the central bank, interest will not be charged for the liquidated damages of ICBC's credit cards, the principal of credit card arrears is still calculated on a daily basis, and the reason for the liquidated damages of credit cards shows that the cardholder has already breached the contract, which will seriously affect the personal credit record, so the cardholder should try his best to maintain a good repayment habit.

can ICBC negotiate to reduce the penalty due to overdue credit cards?

ICBC can negotiate to reduce the penalty due to overdue credit cards.

Although ICBC has strict control over its own credit cards, there is still room for negotiation on this penalty.

We can explain the reasons why we are overdue, mainly by providing certain proof materials to prove that we are not defaulting for no reason, but because of some force majeure or other factors. As long as we win the trust of the bank in this case, the bank will generally allow us to reduce this liquidated damages. After all, the amount of this liquidated damages is still quite large.

ICBC's credit card is overdue. If you want to negotiate, you should go to the credit manager of the relevant outlet.

The credit manager of any outlet is responsible for this credit card credit business, so if you want to negotiate, you need to find the credit manager of a nearby outlet.

the credit manager will agree to this negotiation request from the cardholder, but this negotiation must have a certain purpose, that is to say, we need to consult the credit manager about some credit card repayment issues. We can apply to the credit manager for installment payment of a credit card to solve our economic pressure and adverse consequences by installment payment. [img]

Is it reasonable for ICBC to incur a penalty of more than 5, thousand yuan when its credit card is overdue for one month?

It is unreasonable. The penalty due to overdue credit card of ICBC for one month will be charged at 5% of the unpaid part of the minimum repayment amount. More than 5 thousand is unreasonable. The penalty for industrial and commercial credit card refers to that if the cardholder fails to repay the minimum repayment amount before the due repayment date (inclusive) as agreed, it will be regarded as the cardholder's breach of contract, and the bank has the right to collect the penalty from the cardholder according to the following standards according to the billing cycle.

How to calculate ICBC's liquidated damages

The calculation method of ICBC's credit card's liquidated damages:

1. Peony dual-currency credit card: 5% of the unpaid minimum repayment amount, with the lowest 1 yuan RMB or HK$ 1 or US$ 1 or Euro, and the highest 5 yuan RMB or HK$ 5 or US$ 1 or Euro.

2. Peony RMB credit card: charged at 5% of the unpaid minimum repayment amount. The lowest 1 yuan, the highest 5 yuan.

3. ICBC's credit card late payment fee is charged on a monthly basis, and the proportion charged each time is 5% of the unpaid minimum repayment amount.

if the minimum repayment amount is not fully repaid before the due repayment date (inclusive) for more than two consecutive times, the Bank has the right to stop using the card.

I. ICBC credit card

ICBC credit card is the credit card with the highest circulation in China. The main types of ICBC credit cards are: Peony International Credit Card, Peony Credit Card and Peony Credit Card; According to the brand of ICBC credit card, it is divided into: Peony Visa Card, Peony MasterCard and Peony American Express Card; According to the credit rating, it is divided into: platinum card, gold card and ordinary card; According to the issuing object, it is divided into business cards and personal cards, in which personal cards are divided into main cards and auxiliary cards.

2. Peony quasi-credit card is a quasi-credit card issued by Industrial and Commercial Bank of China, where the cardholder deposits a certain amount of reserve fund as required, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the specified credit limit. Peony quasi-credit card can be used in China, China, Macau, China and UnionPay acceptance points in Thailand, South Korea, Singapore and other countries for settlement in RMB, with the functions of transfer settlement, cash deposit and withdrawal, credit consumption and so on. This peony quasi-credit card is a quasi-credit card with China characteristics, which has no precedent in other countries in the world. The emergence of this quasi-credit card is a reflection of the imperfect credit system in China. Peony quasi-credit card has stopped issuing. The peony credit card and peony international credit card that really meet the needs of the public are the development direction.

about the industrial and commercial credit card penalty and the refund of the industrial and commercial credit card penalty? The introduction of 5 to 1 working days is over. I wonder if you found the information you need from it?