The overdue grace period for Rural Commercial Bank credit cards is 3 days. The credit card repayment grace period is automatically extended. Generally, there is no need to apply. If you are not sure, you can call the service hotline on the credit card to transfer to manual service. Consultation situation.

The China Banking Association announced the revised "China Bank Card Industry Self-Discipline Convention" in 2013, which requires banks to provide "long-time services" to cardholders, which means that banks People provide repayment grace services for a certain period of time.

Although credit cards have a three-day grace period for repayment, you should pay special attention to the repayment time. It is recommended that you pay it off before 5 o'clock on the last day, and use the method of transferring from one bank to another. Also, because the bank has the arrival time calculated by the bank, do not repay it across banks to be on the safe side.

1. Credit card interest suspension policy

Bank account suspension means that the borrower fails to repay the principal and interest of the loan on time for some reason, and the bank suspends the accounting processing of interest calculation on schedule, and the balance of the loan owed and The interest account is left lying (i.e. pending) for later processing.

After the borrower obtained the loan, he failed to repay the loan on the agreed repayment date. Due to internal or external factors or reasons of the bank, the loan and interest will not and cannot be repaid in the short term. In order to manage or process If necessary, the loan balance will no longer be accrued interest, but the loan principal balance and previously accrued and unpaid interest will still be recorded in the name of the original borrower.

Not everyone can apply for suspension of interest payments. First, it must be determined that the amount owed by the cardholder exceeds his repayment ability, and the cardholder must be willing to repay. Under these two premises, Only then do you have the opportunity to apply for suspension of pending accounts. As for how to apply, it’s actually very simple.

Cardholders should call the customer service of the card-issuing bank in advance before the final repayment date, inform the customer service that they did not overdue the card maliciously, and explain clearly the reasons why they failed to repay the overdraft credit card in time. It is best to It should be explained based on the actual situation.

2. How to calculate overdue interest on credit cards

First of all, most banks calculate interest on the full amount.

The so-called interest accrual means that if the cardholder does not repay the balance in full, no matter how much the cardholder repays or how much is outstanding, the interest-bearing part will be the amount owed. Payment in full. To put it simply, you owe the bank 10 yuan, and you repaid 4 yuan on the repayment date, and you still owe 6 yuan. You think the interest calculation part should be 6 yuan, but in fact the interest calculation amount by the bank is 10 yuan.

Secondly, banks generally use recurring interest calculation.

The so-called recurring interest calculation means that for every consumption on the bill, including the unpaid amount of the previous month, an interest of 0.5% per day will be charged starting from the recording date (usually the second day after the card payment is made). Until the day when part of the repayment is received first; then, interest will continue to be calculated based on the remaining unpaid portion until the next repayment, and the cycle continues.

Again, it is worth noting that interest is calculated from the date of consumption.

Currently, the interest rates for overdue credit card repayments in all banks are the same, which is 0.5% per day, and compound interest is calculated on a monthly basis. The interest accrual time is: interest accrual starts from the day of consumption.