(1) Consumption:
For transactions other than cash and transfer by the cardholder, the interest-free repayment period is from the bank bookkeeping date to the due repayment date notified in the statement (hereinafter referred to as the due repayment date), and the due repayment date is subject to the agreement with the cardholder. If the cardholder repays all the payables before the due repayment date, there is no need to pay overdraft interest for transactions other than cash and transfer.
If the cardholder repays at the minimum repayment amount before the due repayment date (inclusive), the card issuer will only charge overdraft interest at the rate of 0.5 ‰ per day for the unpaid part from the bank bookkeeping date to the repayment date, and the overdraft interest will be compounded monthly.
(2) overdraft withdrawal and transfer:
No interest-free repayment period is available for overdraft cash withdrawal and transfer, and overdraft interest shall be paid at 0.5 ‰ per day from the bank bookkeeping date to the repayment date.
(3) Late payment fee:
If the minimum repayment amount is not repaid before the due repayment date (inclusive), it shall be deemed as overdue. In addition to paying the overdraft interest according to the above interest calculation method, the overdue fine shall be paid at the rate of 5% of the unpaid part of the minimum repayment amount, ranging from 1 yuan RMB or 1 HK$ or 1 Euro, to 500 yuan RMB or HK$ 500 or 1 00 or/kloc-0.
Calculation method of overdue fine: overdue fine = unpaid part of minimum repayment amount ×5%.
If the minimum repayment amount is not fully repaid for more than two consecutive times before the due repayment date (inclusive), the card issuer may stop using the card.
Extended information: The maximum overdraft period of credit card is 60 days.
Credit card overdraft interest shall be charged at the rate of five ten thousandths of daily interest within 15 days from the date of signing the contract or the date of bank entry (inclusive), and at the rate of five ten thousandths of daily interest after 15 days, and at the rate of fifteen thousandths of daily interest after 30 days or when the overdraft amount exceeds the prescribed limit. 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.
Take a credit card spending of 50,000 yuan as an example. If it takes 45 days from the billing date to the repayment date, the cardholder will repay 40,000 yuan on the repayment date, and the remaining 10000 yuan will not be repaid on time. To hold a card of China Construction Bank or China Merchants Bank, you need to pay interest at a daily rate of 0.5 ‰ based on 50,000 yuan, and you need to pay overdraft interest 1 125 yuan within 45 days.
If you hold ICBC's credit card, you only need to calculate the overdraft interest for the unpaid 1000 yuan, and the overdraft interest to be paid within 45 days is 225 yuan, a difference of 5 times. If you can't repay on time, it's not because you can't repay, but because you remember wrong, which leads to a small number of mistakes, then the difference is even greater.
If consumers overdraw in full and can't repay on time, they will incur overdraft interest and other expenses, resulting in the amount owed exceeding the limit. Because the cost overrun is caused by the cost of the credit card itself, some banks will not charge extra fees for this situation. For example, China Construction Bank and China Merchants Bank Credit Card Center now say that there is no over-limit fee.
However, ICBC and China CITIC Bank Credit Card Center said that if the arrears exceed the credit card limit, they will charge a 5% overrun fee. However, ICBC said that it would only be charged once in an overrun period, while CITIC Bank said that the overrun fee would be compounded monthly.
If the cardholder uses the unit card to overdraw, the unit shall bear the responsibility of repaying the overdraft amount and paying overdraft interest. If the cardholder uses the supplementary card of the personal card to overdraw, the main cardholder shall be responsible for repaying the overdraft amount and paying overdraft interest; If the cardholder of the main card loses the repayment ability, the cardholder of its subsidiary card shall be responsible for repaying the overdraft amount and paying the overdraft interest.
Baidu encyclopedia-credit card overdraft