For overdue repayments of Industrial Bank credit cards, the proportion of each fee is 5% of the unpaid portion of the minimum repayment amount.
If the credit card fails to be repaid in full after the overdraft consumption, that is, in the popular sense, the ICBC credit card is overdue, interest will be charged on the unpaid portion, and the interest will be charged from the overdraft cash withdrawal, transfer and All overdraft transactions on quasi credit cards.
Formula of overdue penalty Additional penalty penalty: Overdue penalty = (minimum repayment amount - repayment amount minimum repayment amount due to appropriate repayment date) * 5%
2. Give you an example Let me give you an example. How much is the overdue fine for an ICBC credit card?
If the cardholder spends 10,000 yuan on an ICBC credit card, the minimum repayment amount is 1,000 yuan, and there is no repayment before the appropriate repayment date, the overdue penalty for the ICBC credit card is 1,000 * 5% = 50 yuan
:
Which bank has the lower credit card repayment interest?
1. The first one is Industrial and Commercial Bank of China. Currently, the ICBC credit card installment interest rates are 0.55% for Phase 3, compared to 6.6% for Phase 9, 0.6% for Phase 9, 0.6% for Phase 12, 0.65% and 0.65% for Phase 24. If the installment payment selected by the user is different, the interest rate on the credit card bill will also be different.
2. Then, there is the Agricultural Bank of China. The installment interest rate of China Credit Card Agricultural Bank of China is very simple. It is 0.6% regardless of whether users are divided into 3, 6, 9 or 12, 24 periods. Communication Bank’s credit card installment is also relatively simple, with the installment (main installment) ranging from 0.25% to 0.93%/month.
Then, there is China Construction Bank. The installment rate of China Construction Bank Credit Card is 0.75% for Phase 3, 60.7% for Phase 12, 0.6% for Phase 12, and 0.62% for Phase 24. The installment payment of Bank of China Credit Card is: 1.95% for Phase 3, 3.6% for Phase 6, 5.4% for Phase 9, 7.2% for Phase 12, 11.70% for Phase 24 and 15.00% for Phase 24.
If calculated on average, Agricultural Bank of China’s credit card interest rate is the lowest in China. However, each user's individual qualifications are different and there may be differences in installments that may be applied. The above are only theoretical interest rate percentages, and specific situations should be analyzed in detail.
We hope you will repay in time.
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