The Notice on Printing and Distributing the Measures for the Administration of Credit Card Business has corresponding provisions:

Article 18 The longest overdraft period of a credit card is 60 days. Credit card overdraft interest shall be charged at 0.5 ‰ of daily interest within 15 days from the date of signing the contract or the date of bank entry, and at 0. 10 ‰ of daily interest after 15 days.

If it exceeds 30 days or the overdraft amount exceeds the prescribed limit, it shall be calculated at the daily interest rate of 15/10000. The overdraft interest is not divided into sections, and the interest is calculated according to the highest interest rate grade or the highest overdraft amount.

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Relevant provisions of the notice on printing and distributing the Measures for the Administration of Credit Card Business:

Article 49? In case of any of the listed acts, the People's Bank of China will give it to informed criticism, and may suggest that banking financial institutions give disciplinary sanctions to directors, senior managers and other directly responsible personnel.

If the circumstances are serious or refuse to correct, the People's Bank of China may order the bank card clearing institution to stop serving it, and propose the following penalties to the China Banking Regulatory Commission and its branches:

(1) Ordering banking financial institutions to rectify within a time limit, suspend acquiring business or revoke their financial business licenses;

(two) cancel the qualifications of directors, senior managers and other directly responsible personnel directly responsible for banking financial institutions.

Baidu Encyclopedia-Notice on Printing and Distributing the Measures for the Administration of Credit Card Business