For credit card overdraft consumption transactions, Bank of China generally provides an interest-free repayment period of 20-50 days. If you repay in full before the interest-free repayment period, no overdraft interest will be charged.

If you fail to repay in full before the interest-free repayment period, you will not enjoy the interest-free repayment period, and interest will be calculated in installments starting from the transaction accounting date. Overdraft interest is calculated based on the amount owed and the actual number of days in arrears. The overdraft interest rate is 0.05% of the daily interest rate, and compound interest is calculated on a monthly basis. If you fail to repay the minimum payment before the due payment date (inclusive), the bank will charge a penalty of 5% of the unpaid portion of the minimum payment. The specific calculation method of repayment liquidated damages is: repayment liquidated damages = (minimum repayment amount - repaid amount) × 5. If the minimum repayment amount is less than 10 yuan (inclusive), no liquidated damages will be charged; after 6 periods of overdue payment, no penalty will be charged; the amount collected will not exceed the principal.

The above content is for your reference, please refer to actual business regulations.

If you have any questions, please feel free to consult Bank of China’s online customer service.

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