According to Article 22 of the Measures for the Administration of Bank Card Business, the issuing bank charges 5% of the overdue fine and 5% of the over-limit fee for the minimum repayment amount and the over-limit amount of credit card holders respectively. Article 23 stipulates that credit card overdrafts will be compounded monthly, and quasi-credit card overdrafts will receive simple interest monthly. The overdraft interest rate is 0.5 ‰ of the daily interest rate, which will be adjusted according to the current interest rate adjustment of the People's Bank of China. According to Article 676 of the General Principles of the Civil Law, if the borrower fails to repay the loan within the agreed time limit, it shall pay overdue interest in accordance with the agreement or relevant state regulations.

Legal objectivity:

Measures for the Administration of Bank Card Business Article 22 The issuing bank shall charge the credit card holders a late fee of 5% of the outstanding minimum repayment amount and the over-limit credit line and an over-limit handling fee respectively. Twenty-third credit card overdraft pays compound interest on a monthly basis, and quasi-credit card overdraft pays simple interest on a monthly basis. The overdraft interest rate is 0.5 ‰ of the daily interest rate, which will be adjusted according to the current interest rate adjustment of the People's Bank of China. Article 676 of the Civil Code If the borrower fails to repay the loan within the agreed time limit, it shall pay overdue interest in accordance with the agreement or relevant state regulations.