Credit card overdue interest = credit card consumption amount * credit card overdue days *0.05%, repayment after the repayment date will be counted as overdue, and interest-free discount will not be enjoyed if overdue, so the overdue days will be counted from the consumption date. 10000 yuan overdue, with daily overdue interest of 5 yuan. Even if part of it is paid back, the interest will be calculated circularly.

Counting from the day you spend, that is, from September 6th to1October 8th, 10000*33 days *0.05%= 165 yuan.

The overdue interest of credit card is very high, so it is suggested to pay off the consumption amount as much as possible within the repayment date or grace period, otherwise the penalty interest will be calculated according to the cyclic interest, and the repayment burden will be heavy.

Credit card late fee refers to the late fee that the cardholder needs to pay for the unpaid part of the minimum repayment amount when the actual repayment amount on the due repayment date of the credit card is lower than the minimum repayment amount. It is understood that the proportion of late payment fees is uniformly stipulated by the People's Bank of China, which is 5% of the unpaid part of the minimum repayment amount. However, due to different bank policies, the minimum amount set is not the same.

Extended data

The late payment fee is 10% of your unpaid amount, and the interest is five ten thousandths of the unpaid amount calculated from the date you swipe your card.

Example: ICBC credit card late payment fee calculation formula: late payment fee = (minimum repayment amount-paid amount on due repayment date) ×5%. If the user spends 10000 yuan by credit card, and the minimum repayment amount is 1000 yuan, what is the late payment fee? The late fee charged for credit card is: 1000*5%=50 yuan.

Baidu Encyclopedia _ Credit Card Late Payment Fee