ICBC’s expense overdraft interest refers to the additional fees that the bank will incur for the excess when you use your credit card to spend more than the card limit and fail to repay in full within the specified repayment period. This interest is usually calculated based on the overdraft amount and the number of overdue days, as follows:

If the overdraft is not repaid within 15 days, an interest rate of 0.05% per day will be calculated from the date of signing or bank accounting date. Interest accrues, including today. After 15 days, the interest rate will be raised to 10%; if it exceeds 30 days or the overdraft amount exceeds the prescribed limit, the interest rate will be further raised to 15%. Interest is not divided into segments and is calculated based on the final repayment date or the maximum overdraft amount, using the highest interest rate bracket.

The interest calculation rules for ICBC Peony Credit Card (non-quasi-credit card) are different. For example, cash withdrawals and transfers will charge interest at a rate of 0.05 per day starting from the bank's accounting date. Consumer overdrafts have an interest-free repayment period of 25-56 days. As long as the payment is repaid in full before maturity, no payment is required. Interest. However, if you fail to enjoy the interest-free conditions, starting from the accounting date, the overdraft will accrue interest at a daily interest rate of 0.05, and compound interest will be calculated monthly. No interest will be paid on the deposits in the account. The specific rules are subject to the "Peony Credit Card Acceptance Agreement (Personal Card)".

It is worth noting that the overdraft interest policy may change. Therefore, for the most accurate interest calculation information, please refer to your credit card agreement or the latest statement provided by your bank. The above information is for reference only. For specific terms, please refer to the latest regulations officially released by ICBC.