ICBC credit card revolving credit is a small, unsecured loan with daily interest. Cardholders can decide how much to repay each month before the current credit card bill expires according to their financial situation. When the cardholder's repayment amount is equal to or higher than the minimum repayment amount of the current bill, but lower than the current repayment amount, the remaining deferred repayment amount is the revolving credit balance. The minimum repayment amount of ICBC's credit card is 65,438+00% of the sum of the minimum repayment amount of the previous bill and the overdraft balance of the current bill, unless otherwise agreed between the card issuer and the cardholder.
If the credit card holder fails to repay in full before the due repayment date, ICBC will charge overdraft interest at the rate of 0.5 ‰ per day for the outstanding overdraft consumption from the bank bookkeeping date to the repayment date, and the refunded overdraft consumption will still enjoy the interest-free repayment period without interest calculation. Interest is charged at 0.5 ‰ per day for overdraft withdrawal and transfer, and compound interest is charged at 0.5 ‰ per month for revolving interest.