After using a credit card to make purchases, you will definitely have to repay, but when many cardholders make repayments, they are often temporarily unable to do so due to various reasons. In this case, does paying the minimum repayment amount still count as overdue? Let’s take a look with the editor.

Is it still considered overdue if I pay the minimum payment on a postal credit card?

Not really. According to Postal Bank regulations, if your credit card bill is not repaid by the due date or the repayment amount is less than the minimum repayment amount, it is considered overdue. In other words, as long as the cardholder pays the minimum payment amount on the credit card bill payment date, it will not be considered overdue and will not affect his or her personal credit report.

However, if you fail to repay the full amount on time, all consumption in the current bill will not enjoy the interest-free period, and you will be charged interest. The interest will be calculated based on the actual amount of debt from the date of transaction entry until the debt is paid off. As of that date, the overdraft interest rate defaults to the daily interest rate of 0.05, and compound interest is calculated on a monthly basis. The reference annual interest rate is approximately 18.25. The annual interest rate = daily interest rate * 365 days. This annual interest rate is simple interest.

In addition, Postal Bank also has time-tolerance and tolerance services, which are as follows:

1 Tolerance service

If the cardholder is a postal credit card customer, There is a 4-day repayment grace period service every month (no application required). If the cardholder repays the loan within the repayment grace period, it will be deemed to have been repaid on time.

For example, if the last repayment date is the 23rd of each month, and you must repay the full amount before 5 pm on the 27th of the month at the latest and make sure it is credited to your credit card account, it will be deemed that you have paid the full amount on time. There will be no interest charges for repayment (except for cash withdrawals), and it will not have an impact on your credit report.

2 Tolerance Service

As long as the cardholder’s current credit card bill is paid on time and the total outstanding balance is less than or equal to 10 yuan, Postal Bank will treat it as a cardholder. If you repay the loan in full, no liquidated damages or other fees will be incurred, and you can enjoy this service without applying.

The above are some contents of Postal Bank credit cards, you can pay attention to them.