Is there any impact if the postal credit card (credit card) is one day overdue?

Postal credit cards (debit cards) have a 4-day grace period for repayment. The user's repayment on the first day after the repayment date is considered a normal repayment because it is within the grace period. The fifth day after the repayment date is considered one day overdue. On this day, the overdue repayment record will be reported to the credit, and a one-day overdue penalty interest will also be incurred. It's just the first day after the repayment date, not a day overdue.

As long as the user repays within the grace period, the credit report will only be updated with a record of on-time repayment, which will not have any adverse impact on the credit report.

How many days can the postal credit card (credit card) repayment be postponed?

When the repayment date for the postal credit card (credit card) has arrived, you can postpone the repayment for 4 days. The deadline for repayment is 5 pm on the 4th day. For example, if the postal credit card (debit card) repayment date is the 20th of each month, then the 21st to the 24th are the credit card (debit card) grace period. If the user repays before 5 p.m. on the 24th, it is With normal repayment, there will be no overdue records and overdue interest.

As long as the user repays every installment on time, whether on the repayment date or during the grace period, the user will leave a good impression on Postal Bank, and then the credit card (debit card) limit will be increased or other credit loans will be applied for. Business is helpful.

How many days does a postal credit card have a grace period?

The grace period for a postal credit card is 3 days, and recording begins on the fourth day.

Relevant provisions of the "China Bank Card Industry Self-Discipline Convention":

Article 14: Member units should strive to improve the quality of credit card services and provide cardholders with humanized card services , encourage all credit card issuing banks to establish "tolerance services and time-tolerance services" for credit card repayments or provide interest reduction and exemption discounts for the portion of credit card overdrafts that have been repaid during the interest-free repayment period:

( 1) Member units provide cardholders with "time-tolerant services" and should provide cardholders with a certain period of repayment grace period service. The repayment grace period shall be at least 3 days from the due date of repayment; When repaying within the grace period, the cardholder shall be deemed to have repaid the card on time.

(2) Member units provide "tolerance services" to cardholders. If the cardholder has insufficient repayment in the current period, and the unpaid portion of the account after the due repayment date is less than or equal to a certain If the amount is at least RMB 10 equivalent, it shall be deemed to have been repaid in full by the cardholder.

The "time-tolerant service" advocated by the "China Bank Card Industry Self-Discipline Convention" formulated by the China Banking Association aims to provide credit card holders with a repayment grace period and reduce card holders' overdue payments. Records to protect the interests of cardholders. The starting point of this advocacy is good, but from the actual effect, it undermines the construction of the social credit system and the "spirit of contract". If commercial banks adopt it, there will be two repayment dates, which is not conducive to the establishment of a "trustworthy incentive and dishonest punishment" mechanism in the construction of the social credit system.

The consequences of failing to change the card within the time limit:

1. Calculation of penalty interest

Article 23 of the "Bank Card Business Management Measures" stipulates: "Credit Compound interest is charged on card overdrafts on a monthly basis, and simple interest is charged on quasi-credit card overdrafts on a monthly basis. The overdraft interest rate is 0.5% of the daily interest rate, and is adjusted according to the interest rate adjustment of the People's Bank of China. ""Credit card application of a commercial bank. Item 4 of Article 3, Paragraph 3 of the Contract (Personal Card)" stipulates: "Party B will calculate overdraft interest on Party A's transaction amounts that do not meet the interest-free conditions from the bank accounting date, and the overdraft interest rate will be 5/10,000 (annualized). The interest rate is approximately 18.25. Affected by factors such as the number of days in a month and Party A’s repayment situation, the actual annualized interest rate may be different from the above-mentioned annualized interest rate). Compound interest is calculated on a monthly basis and deducted from Party A’s account. (Including overdraft deductions, the same below) ”

For example, if Zhang San purchases 100,000 yuan by credit card, November 30, 2021 will be the accounting date, and the repayment will be January 11, 2022. *** If it is used for 42 days, you need to pay overdraft interest of 2,100 yuan, that is, 100,000 × 0.05 × 42 = 2,100 (yuan).

The late payment fee is 500 yuan. January 11, 2018 is the accounting day, and it will be returned on January 12. If it is used for 1 day, you need to pay overdraft interest of 0.25 yuan, that is, 500×0.05×1=0.25 (yuan). The total overdraft interest of 100,000 yuan and 500 yuan is 2,100.25 yuan.

2. Report to the Credit Reference Center of the People's Bank of China

The overdue payment will be reported to the Credit Reference Center of the People's Bank of China by the bank, and a record will be left in the credit report.

In short, do not exceed the payment deadline for credit card repayments. If you are really having difficulty and cannot pay the full amount, you can pay the minimum payment in installments or first, and then make up the remaining amount later, sacrificing a little. Handling fees to avoid overdue records on credit reports.

Can an overdue postal credit card be extended for 3 to 5 years?

No. According to the relevant information of postal credit cards, overdue postal credit cards cannot be extended for 3 to 5 years. The grace period for Postal Savings Credit Cards is 4 days. Postal Bank credit cards have a grace period, which is 4 days after the repayment date.

How many days is the grace period for Postal Savings Bank credit cards?

The grace period for Postal Savings Bank credit cards is 4 days. Paying off the balance within the grace period does not count as overdue. The "China Bank Card Industry Self-Discipline Convention" states that the repayment grace period shall be at least 3 days from the due date of repayment; when a cardholder repays within the repayment grace period, it shall be regarded as the cardholder repaying on time. 3 days refers to natural days, so Saturday and Sunday also fall within the grace period.

1. Different banks have different grace periods

Agricultural Bank of China and Bank of Beijing: The grace period for credit card repayment is 2 days;

Transportation Bank: The grace period for credit card repayment is before 17:00 on the second working day after the repayment date, and self-service repayment must be done at our bank outlets;

Bank of China, China Merchants Bank, China Everbright Bank, and Ping An Bank: The grace period for credit card repayment date is 3 days;

Guangfa Bank: The grace period for credit card repayment date is 3 natural days. Cardholders need to call the customer service hotline 95508 to apply;

People's Livelihood Bank: The credit card repayment grace period is before 17:00 on the third calendar day after the repayment date. Cardholders are required to call the customer service hotline 400-669-5568 to apply after the bill is issued;

Industrial Bank: Credit Card The grace period for the repayment date is before 18:00 on the third natural day after the repayment date;

Hua Xia Bank and Shanghai Pudong Development Bank: The grace period for the credit card repayment date is before 19:00 on the third natural day after the repayment date;

CITIC Bank: The grace period for credit card repayment is before 20:00 on the third calendar day after the repayment date.

2. What should I do if the repayment exceeds the time limit and becomes overdue?

Once it is overdue, you will not only have to pay late fees and overdue interest, but it will also affect your personal credit, and the bank will also report it to your credit report. A bad credit record will cause your application for other loans to be rejected.

1. Do not cancel the card. Some people apply for a credit card and seldom use it. When the credit card payment is overdue, they plan to use the credit card completely and simply ignore the credit card, neither making repayments nor canceling the card. In fact, this approach is very wrong. If you continue to fail to repay, there will be an overdue repayment every month, which means a bad credit record will be recorded once a month. If you do not repay for many consecutive months, the bank will accuse you of malicious debt, your credit record will become worse, and the amount of arrears will become larger and larger. In serious cases, you will be sentenced and fined.

2. Don’t run away. If a credit card is not paid overdue, the credit card center of the issuing bank will collect the money. Due to ignorance and blind arrogance, some people not only refuse to repay the loan, but also "escape" by changing their address, mobile phone and other contact information so that the bank cannot contact them, thinking that the bank can't do anything to them. In fact, this approach is absolutely undesirable. When you apply for a credit card, your real-name information has been recorded by the bank. Once you "run away", the bank will determine that you have malicious overdrafts and arrears, and will call the police, who will list you as a wanted person.

Postal Bank credit card repayment can be postponed for a few days

1. Under normal circumstances, the repayment date of Postal Savings Credit Card cannot be postponed. If you really need to postpone it for a few days, you can contact the bank. Negotiate. Generally, extensions can be extended for 4 days. Postal Bank credit cards have a 4-day grace period for repayment.

2. Assuming that the cardholder’s repayment date is the 20th of each month, then your repayment grace period is from the 21st to the 24th of each month. You only need to pay before 5 pm on the 24th. Successful repayments are considered normal repayments and will not incur any penalty interest or overdue records. If you still fail to repay after the repayment grace period, the Postal Savings Bank will charge overdue fees on a daily basis with a daily interest rate of 0.5%, and upload the bad credit to your personal credit report.

1. Postal Bank credit card repayment methods:

(1) Repayment at Postal Savings Bank credit card outlets. Cardholders can personally or entrust others to handle cash repayment or transfer repayment at the outlet counter;

(2) Postal Savings Bank credit card is automatically associated with repayment. If the cardholder has a Postal Savings Bank debit card or current settlement account, the cardholder can associate the credit card with it through channels such as the credit card customer service hotline, online banking or outlets for automatic repayment.

(3) Postal Savings Bank credit card online banking repayment. Cardholders can sign up for an account at a Postal Savings Bank outlet and then log in to Postal Savings Bank online banking to transfer the amount of the cardholder's current settlement account opened at Postal Savings Bank to the credit card account to complete online repayment.

(4) Postal Savings Bank credit card inter-bank repayment. Cardholders can make inter-bank transfer repayments to Postal Savings Bank credit cards at other banks’ counters or through online banking channels using cash or debit cards.

(5) Other methods of repayment via Postal Savings Bank credit card. Cardholders can also repay in cash through Postal Savings Bank self-service deposit machines or transfer repayments through Postal Savings Bank ATM machines.

2. The Postal Savings Bank of China can be traced back to the postal savings business launched in 1919, which has a history of a hundred years. In March 2007, on the basis of reforming the original postal savings management system, Postal Savings Bank of China Co., Ltd. was officially established. In January 2012, the company was restructured into a joint stock limited company. In December 2015, ten domestic and foreign strategic investors were introduced. In September 2016, it was listed on the Hong Kong Stock Exchange. In December 2019, it was listed on the Shanghai Stock Exchange and successfully completed the three-step reform goal of "shareholding reform - leading to war - listing in A and H places".

Operating environment: Huawei nova6 (5G), HarmonyOS2.0.0

This is the end of the introduction to the postal credit card grace period.