"Time-tolerant service" refers to providing cardholders with a certain period of repayment grace period service, and the repayment grace period is at least 3 days from the due repayment date; If the cardholder repays within the repayment grace period, it is deemed that the cardholder repays on time.

20 13 February, China Banking Regulatory Commission replied in writing to cancel the "full penalty interest", and China Banking Association published the revised "China Bank Card Industry Self-discipline Convention" (hereinafter referred to as "the Convention"), clarifying that member units provide "tolerance and time tolerance" services. The overlord clause of bank's "full penalty interest" may change.

Therefore, the Bank of Communications credit card has a grace period for repayment.

Extended data:

Credit cards will be deducted if they are overdue, but there are the following special circumstances in actual operation:

1. Credit card repayment time: no credit report within three days after the deadline.

According to the credit card repayment regulations, the credit card holder must pay off the debt before the final repayment date of the credit card, otherwise it will be overdue.

Most banks have introduced time-sensitive credit card repayment services. As long as the cardholder returns the minimum repayment amount before 0: 00 on the third day after the due repayment date, it is not overdue.

In other words, as long as the credit card is overdue within 3 days after the repayment date, it is safe. If the credit card is overdue for more than 3 days, it is necessary to conduct credit investigation, which will affect the personal credit record.

2. Credit card repayment tolerance: small overdue credit.

In addition to the credit card repayment date, the cardholder must also pay off the arrears, otherwise there will be overdue records.

At present, many banks have established repayment tolerance, that is, the amount repaid by cardholders is less than 10 RMB, which can be regarded as full repayment, and the remaining small amount can be counted as the next repayment date. And I don't think that the credit card is overdue, so I won't charge it.

Tolerance service: the unpaid amount does not exceed 10 yuan, and interest is free.

Previously, the "overlord clause" of credit card "full penalty interest" has long been criticized. "Full penalty interest" means that the cardholder fails to repay in full in the current month, and the bank charges 0.05% daily interest on all overdrafts from the bookkeeping date until the principal and interest are fully paid off.

However, with the implementation of the new convention, members of the banking association will provide cardholders with "tolerance repayment service". The so-called "tolerance repayment service" refers to the cardholder's insufficient repayment in the current period, and the unpaid part in the account after the due repayment date is less than or equal to a certain amount (at least equivalent to RMB 10 yuan).

"It should be pointed out that this tolerance is conditional. The convention stipulates that the upper limit is 10 yuan, that is, within 10 yuan. You don't have to worry about the full penalty interest, you can be exempted from punishment. " The person in charge of the credit card center of a large state-owned commercial bank reminded.

Time-sensitive service: the grace period for repayment is at least 3 days.

At the same time, the convention also requires that cardholders who hold too many bank cards or travel abroad be given a grace period for repayment, that is, members of the banking association provide cardholders with a certain period of grace period for repayment: the grace period for repayment is at least 3 days from the due repayment date; If the cardholder repays within the repayment grace period, it is deemed that the cardholder repays on time.

"Three days is a natural day concept, not just a working day." The person in charge of the credit card center of a large state-owned commercial bank in Chongqing explained. This means that even Saturdays, Sundays and legal holidays are within the grace period. Cardholders should pay attention to this when calculating the grace period, so as to avoid overdue records due to repayment beyond the grace period and affect personal credit records.

At present, most banks have a grace period for customers who forget to repay their loans. If the cardholder calls the bank's customer service phone to apply, the bank will give a grace period of 1 day to 3 days according to the customer's personal credit status.

Reference source:

Baidu encyclopedia-credit card repayment

Baidu Encyclopedia-Tolerance Tolerance