Conversion mode between Great Wall Kadaitong credit card and loan:

After you use the Great Wall Kadaitong credit card to make a purchase, the bank will determine the day after the due repayment date. The unpaid amount of your current bill:

1. If the unpaid amount is greater than or equal to RMB 10,000, the bank will automatically issue you a loan to repay the debt. Subsequently, you need to Repay the same loan amount as stipulated in the loan contract (at the loan interest rate agreed between you and the bank).

2. If the unpaid amount is less than RMB 10,000, the bank will not issue a loan to you, and you need to actively repay it to the Great Wall Kadaitong credit card.

For example:

Customer 1 owes 20,000 yuan on the billing date. On a certain day after the billing date (before the due payment date), the customer repays 3,000 yuan until the due date. One day after the repayment date, the customer's unpaid amount was 17,000 yuan, which was greater than 10,000 yuan. The bank will automatically issue a loan to the customer, with the loan amount being 17,000 yuan. Thereafter, the customer must repay on time in accordance with the interest rate and repayment frequency stipulated in the loan contract.

Customer 2 owes 8,000 yuan on the billing day. After that, the customer did not repay. On the day after the due payment date, the customer’s unpaid amount is still 8,000 yuan, so the bank will not issue a loan to the customer. , the customer needs to repay the amount to the Great Wall Card Daitong credit card account by himself. The repayment method is the same as that of an ordinary credit card.

Customer 3 owes 20,000 yuan on the billing day. The customer repays 15,000 yuan on a day after the billing date (before the due payment date). By the day after the due payment date, the customer’s unpaid balance If the amount is 5,000 yuan, the subsequent processing will be the same as "Customer 2".

Special attention should be paid here: one day after the due payment date, if the customer’s unpaid amount includes annual fees, interest, repayment penalty (i.e. late payment penalty), and various fees in addition to consumption etc. The loan amount issued by the bank does not include these fees and needs to be repaid by the customer. For example, one day after the due payment date, the customer's unpaid amount is 20,000 yuan, including 19,000 yuan for consumer transactions, and various fees such as annual fees, interest, repayment penalties (i.e. late payment fees), and card loss and replacement fees have accumulated*** 1,000 yuan, the bank will only issue a loan of 19,000 yuan, and the customer needs to repay the remaining 1,000 yuan to the Great Wall Kadaitong credit card.

The above content is for your reference, please refer to actual business regulations.

If you have any questions, please feel free to consult Bank of China’s online customer service.

You are sincerely invited to download and use Bank of China Mobile Banking APP or Bank of China Cross-border GO APP to handle related businesses.