The default penalty for credit cards is 5% of the unpaid portion of the minimum repayment amount. Under normal circumstances, the bank credit card penalty fee standard is: repayment penalty = (minimum repayment amount - the amount repaid as of the due payment date) * 5%. However, due to different policies of each bank, the minimum amount set is also different.

The ways to reduce or reduce credit card liquidated damages are as follows:

1. If the liquidated damages agreed upon by the parties are excessively higher than the losses caused, they can request the People's Court or arbitration agency for an appropriate reduction; It can be reduced only if it is higher than the loss caused. It must be too high before you can request for reduction. Generally speaking, if the agreed liquidated damages exceed 30% of the loss caused, it can be deemed to be too high and you can request for reduction.

2. The parties may agree that when one party breaches the contract, it shall pay a certain amount of liquidated damages to the other party based on the circumstances of the breach, and may also agree on a method for calculating the amount of compensation for losses arising from the breach of contract;

3. If the parties agree on both liquidated damages and deposit, when one party breaches the contract, the other party may choose to apply the liquidated damages or deposit terms.

Legal basis:

Article 22 of the "Bank Card Business Management Measures"

The card-issuing bank shall not repay the minimum repayment to the credit card holder If you use the card beyond the credit limit or exceed the credit limit, you will be charged a late payment fee and an over-limit fee of 5% of the unpaid portion of the minimum repayment amount and the portion exceeding the credit limit respectively.

Article 23

Compound interest will be charged on a credit card overdraft on a monthly basis, and simple interest will be charged on a quasi-credit card overdraft on a monthly basis. The overdraft interest rate is 5/10,000 of the daily interest rate. , and adjusted according to the interest rate adjustment of the People's Bank of China.