After the credit card is overdue, the bank will charge a certain amount of penalty interest or liquidated damages. The calculation standards of different banks are slightly different. Next, the editor will introduce to you the calculation standards for ICBC credit card liquidated damages.

How to calculate liquidated damages for ICBC credit cards?

According to ICBC regulations, if you fail to repay the minimum repayment amount before the due repayment date (inclusive), you will be charged liquidated damages based on the minimum payment amount. 5% of the unpaid portion of the repayment amount will be charged or charged as agreed in the agreement (less than 1 point will not be charged). Liquidated damages are charged on a daily basis and will not be charged for more than 180 days. If the cardholder is charged liquidated damages twice, ICBC has the right to stop using the card.

Can ICBC credit card penalty be reduced or reduced?

Not necessarily. For some specific customers severely affected by the epidemic, ICBC provides special service measures such as deferred repayment to ease their repayment pressure. However, there is no guarantee that the application will be successful, and the details will be subject to the cardholder's actual application status.

What should I do if I am under pressure to repay the ICBC credit card?

Card holders can choose the repayment form of bill installment and repay the minimum payment amount, which will not affect personal credit and can alleviate the problem at the same time. Current repayment pressure.