Weihai Commercial Bank Credit Card Grace Period

The grace period is three days.

If it is automatic, there will be a three-day grace period. If you can't pay back, call customer service first, and then pay the minimum repayment to avoid default and bad credit.

Credit card grace period refers to the cardholder’s repayment within a period of time after the due payment date. By applying to the credit card center, the corresponding interest and late payment fees can be reduced or exempted and the bank will not record a bad credit record. , this period of time becomes the credit card grace period. According to bank regulations, once the cardholder fails to repay the corresponding amount after the final repayment period, the cardholder needs to pay corresponding interest and late payment fees, and may be entered into a bad credit record by the bank. If the payment is not made within the grace period, the credit card is truly overdue, which will have serious consequences. First, it will affect your credit record. Once you are on the credit report, the bad record will be retained for 5 years. Second, once a credit card is overdue, you will not be able to enjoy the interest-free period for subsequent repayments. Until you pay it off, you will be charged 0.05% interest every day. Third, if you are overdue, you will need to pay a certain percentage of late payment fees for the outstanding portion. The late payment penalty is 5% of the minimum repayment amount.

Once a Weihai Commercial Bank credit card is overdue, it will generate a bad credit record, which will be retained in the credit report for five years and will be automatically eliminated after five years. In addition to the bad record, late payment fees and interest will also be incurred.

The late payment penalty for overdue credit cards is: 5% of the unpaid minimum payment amount.

The formula for calculating overdue interest on credit cards: Overdue interest on credit cards = the number of days overdue for last month’s consumption 0.0005

There are three numbers in the above formula for calculating overdue interest on credit cards, namely the overdue amount and the number of days overdue. and daily interest rate. The meanings of these three numbers are introduced below.

Number of days overdue: Because credit card overdue interest is calculated on a daily basis, the number of days overdue on a credit card is also important. The number of overdue days refers to the number of days from the billing date to the current billing date;

Last month’s consumption amount: One thing that needs special attention is that the calculation amount for credit card overdue is not the amount owed, but the consumption amount last month . Try not to have an overdue credit card, otherwise, if the consumption amount last month was large, the basis for interest calculation will be too large;

Daily interest rate: The daily interest rate for overdue credit card interest is uniformly stipulated, which is 10,000 per day. Five, which is 0.0005.

What is the name of Weihai Bank Credit Card App?

It is called Weihai Bank App.

1. The credit card limit applied for by Weihai Bank for the first time is generally between one thousand and ten thousand, but the credit limit of the credit card is positively related to the applicant's income and guaranteed assets, that is, the higher the income, the higher the guaranteed assets. and the higher the amount obtained. Therefore, applicants must provide proof of income and an asset security form. The specific amount is subject to the amount of the following cards.

2. Weihai Commercial Bank was established on August 1, 1997. On October 8, 1998, Shandong Hi-Speed ??Group Co., Ltd. invested 200 million yuan. It currently has more than 70 branches in Jinan, Tianjin, Qingdao, Yantai, Dezhou, Linyi, Jining, Weifang and Dongying.

1. Since its establishment, under the correct leadership and strong support of party committees and governments at all levels, regulatory authorities at all levels and Shandong Hi-Speed ??Group, the Bank has firmly grasped the two main themes of management and development, adhered to reform and innovation, and Breakthroughs are made in innovation, development is made in breakthroughs, and transcendence is made in development. We continue to innovate and make breakthroughs in the disposal of non-performing assets, creating many firsts.

2. On December 12, 2007, Jinan Branch of our bank opened for business, becoming the first urban commercial bank in the country approved to set up branches from prefecture-level cities to provincial capitals, and also the first in the province to set up branches outside the city. City Commercial Bank; Tianjin Branch opened on March 23, 2009. This is the first cross-provincial branch established by our bank, marking the realization of a new step in our bank’s cross-regional business strategy of “based on Shandong, surrounding the Bohai Sea, and facing the country” A major breakthrough. , also marks that the bank has taken a solid step towards the goal of becoming a listed joint-stock commercial bank with advanced corporate governance, strict internal control, standardized management, excellent assets, good benefits, and distinctive characteristics.

3. Since its establishment, Weihai Commercial Bank has adhered to the principle of "customer-centered and market-oriented", committed to financial innovation, strived to explore the management model and operating path of local commercial banks, and persisted in development. Pay equal attention to development.

Form an operating mechanism and management model that adapts to market demand, and build a flat operating mechanism and management process with efficient operation, scientific management, and standardized and orderly management.

4. In terms of administrative mechanisms, we have achieved fundamental reforms in the system and operation and management, reached a turning point and leap in intensive management, and embarked on an eye-catching development track. At the end of 2006, the bank's total assets were 17.554 billion yuan; various deposit balances were 14.287 billion yuan, accounting for 17.35% of Weihai City's total. The loan balance is 10.443 billion yuan; the loan balance accounts for 19.37% of the city, the increase accounts for 29.35% of the city, and the operating profit is 201 million yuan. The total assets and scale of deposits and loans rank first among Weihai banking financial institutions.

Hope it can help you.

Is it easy to apply for a Weihai Commercial Bank credit card?

Is it easy to apply for a Weihai Commercial Bank credit card? Weihai Commercial Bank regulations are as follows:

1. Credit card applicants must be between 18 and 60 years old.

2. You must have a stable job and source of income to ensure a certain repayment ability, and the bank will not suffer losses as a result.

3. As long as the above conditions are met, the credit card application approval rate will be very high.

Weihai Bank Credit Card Grace Period

The explanation given by most banks is that it is best to pay off the bill within a week. This is the bank's opening to credit card users. The repayment grace period is at least 3 days, but if it is longer, there may be a certain relaxation period, so you still have to pay attention. If it has been overdue, the overdue time must not exceed 90 days. If it exceeds 90 days, this bad credit record has been upgraded and transmitted to the central bank's personal credit system. The personal credit system is the only inquiry channel, so be sure to pay attention.

The overdue records in the central bank's credit report are all provided by commercial banks. Whether it will be recorded in the credit report for just a few days overdue depends entirely on the bank. First of all, if the bank reports it as overdue, it is reasonable, because although it is only a few days overdue, the fact of overdue exists. However, in fact, there are many cases where you forget to repay the loan on time, but you repay it in time three or five days after it is overdue, and there is no overdue record in your credit report. Many people have received preferential treatment from banks. However, I would like to remind everyone that it is not certain that there will be no overdue records for how many days overdue, and the situation of each bank is different. Everyone should cherish their credit history and repay credit cards on time to avoid affecting their credit score and reducing penalty interest expenses.

1. Overdue credit cards are a very troublesome thing. It not only means that you need to pay interest and have your credit limit reduced, but it will also be recorded in your credit report and create a bad credit record. So how long does it take for Weihai Commercial Bank's credit card to be overdue to generate a bad credit record?

Once Weihai Commercial Bank's credit card is overdue, it will generate a bad credit record, which will be retained in the credit report for five years and will be automatically eliminated after five years. In addition to generating Bad records will also incur late fees and interest.

1. The late payment fee for an overdue credit card is: 5% of the minimum repayment amount that cannot be paid off.

2. Credit card overdue interest calculation formula: Credit card overdue interest = number of days overdue for last month’s consumption 0.0005

There are three numbers in the above credit card overdue interest calculation formula, namely the overdue amount, The number of days overdue and the daily interest rate. The meanings of these three numbers are introduced below.

(1) Number of days overdue

Because credit card overdue interest is calculated on a daily basis, the number of days overdue on a credit card is also very important. The number of overdue days refers to the number of days from the billing date to the current billing date;

(2) Last month’s consumption amount

One thing that needs special attention is that the calculation amount for credit card overdue is not the amount owed , but the consumption amount last month. That is, if you spent 10,000 yuan last month, even if you have repaid 9,999 yuan, then if you owe 1 yuan, the overdue interest on your credit card will be calculated as if you owe 10,000 yuan. Therefore, try not to have an overdue credit card, otherwise, if the consumption amount last month was large, the basis for interest calculation will be too large;

(3) Daily interest rate

The daily interest rate for credit card overdue interest The interest rate is uniformly stipulated to be 5/10,000 per day, which is 0.0005.

Since Weihai Commercial Bank will have bad records once it is overdue, all cardholders must pay attention to their credit and try to avoid overdue!

Is it easy to get Weihai Bank credit card approval?

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Weihai Bank credit card is easily approved.

As long as you are over 18 years old, have a stable job, are not overdue, are between 18 and 60 years old, have full civilian capacity, have a good credit record, have work income and have the ability to repay. Application materials: Identity certificates: copies of resident ID cards or military officer certificates; work and income certificates; other financial proofs: such as copies of real estate certificates, car driving licenses, deposit receipts, etc.

Time to get the card

After the credit card application is approved, it usually takes about 15 working days to get it. It takes about a month from the submission of the credit card application to the approval of the credit card. It usually takes 2-3 working days for the bank to enter the information into the system. Then it will take 5-7 working days for the bank to review the information. The specific time will be subject to the time when you get the credit card.

Weihai Bank’s credit card acceptance rate

Weihai Bank’s credit card acceptance rate is relatively high. Weihai Commercial Bank stipulates that credit card holders are between 18 and 60 years old; they must have qualified credit and no bad credit record.

In addition, we also need to look at these aspects:

1. If the user has already applied for a credit card. Then the bank's credit investigation mainly focuses on your credit card usage record. When Weihai Commercial Bank conducts credit reporting, it usually depends on whether you are overdue, whether you have debts, etc.;

2. No credit card. Then the first condition you must meet is age. Weihai Commercial Bank stipulates that credit card applicants must be between 18 and 60 years old. If your age does not meet the requirements, your application will not be passed; in addition, you must have a stable job and source of income to ensure that you have a certain ability to repay. The bank will not suffer losses;

3. If you meet the above conditions and provide other materials, such as real estate certificate or driving license, etc. to prove your repayment ability, not only will your pass rate be greatly improved, It will also increase your credit limit.

1. Compared with ordinary bank savings cards, the most convenient way to use a credit card is to make ordinary purchases without cash in the card. In many cases, you only need to return the consumption amount on schedule. You can overdraft without deposit and enjoy an interest-free period of 20-56 days. You can repay the money on time without charging any interest (most banks will charge 0.05% interest and 2% service fee on the day of withdrawal. ICBC does not charge service fees for withdrawal, only interest).

2. When shopping, swiping your card is not only safe and convenient, but you can also earn points for gifts. Special merchants with bank cardholders can enjoy discounts. Build personal credit and add a record of integrity to your credit file that will benefit you throughout your life. There are no barriers across the country. You can withdraw money or swipe your card at ATMs and POS machines with the UnionPay logo; (Note: Credit cards are only suitable for consumption. It is best not to withdraw cash. The cash withdrawal fees are high and not cost-effective) For credit card consumption, some credit cards can earn existing points, and Various discounts and lottery activities are held throughout the year, so that you will always be surprised as long as you use the card; (most credit card online payments do not have points, but online shopping payment is very convenient and fast) Free monthly mailing statements allow you to see every consumption expenditure at a glance ; (Now advocating green environmental protection, paper statements can be canceled and replaced with electronic statements) The unique card-attached function is suitable for couples to manage finances together or control children's financial expenses. The free choice of one card and two coins is popular all over the world. Overseas consumption can be refunded in RMB.

This is the end of the introduction about Weihai Credit Card and Weihai Credit Card App. Have you found the information you need?