Bank credit card repayment grace policy
In fact, at present, all major banks have grace periods and grace periods, that is, time tolerance services. This grace period policy is well-founded. According to Article 14 of China Bank Card Industry Self-discipline Convention:
Member units should strive to improve the quality of credit card services, provide humanized services for cardholders, and advocate card issuers to establish "tolerance service and time-tolerant service" for credit card repayment or give interest relief to the repaid part of credit card overdraft during the interest-free repayment period:
(1) When providing "time-tolerant service" to cardholders, member units shall provide cardholders with a repayment grace period of a certain period, and the repayment grace period shall be at least 3 days from the due repayment date; If the cardholder repays within the repayment grace period, it is deemed that the cardholder repays on time.
(2) Member units provide "tolerance service" for cardholders. If the cardholder fails to repay in full in the current period, and the unpaid part in the account after the due repayment date is less than or equal to a certain amount (at least equivalent to RMB 10 yuan), it is deemed that the cardholder has repaid in full.
What is time tolerance and tolerance?
First, time tolerance.
Simply put, it is to give the customer a certain time grace, and the normal repayment will not be overdue within a certain period after the last repayment date, but this grace time is based on the time when the bank receives the repayment form.
As for the deadline for this entry, different banks have different regulations. Some banks are at 3 pm, some at 5 pm and some at 8 pm.
For example, if the capacity of a bank is three natural days, the deadline for entries is 17 pm, and the final repayment date of a user is 15, then he only needs to repay before 18 17 to be considered as normal repayment.
Attached is a summary of the time capacity of each bank:
Second, tolerance.
Simply put, it is to allow customers to have a certain repayment difference. This difference mainly refers to the unpaid part of the minimum repayment amount. Most bank regulations are around 10 yuan.
For example, a customer's current bill totals 1 1,000 yuan, and the minimum repayment amount is 1 1,000 yuan. Maybe this customer has a bank card with automatic repayment, but only 90 yuan is on the savings card, so the minimum repayment amount 1 yuan has not been paid back, and this situation will not be included in the overdue record.
Attached is the tolerance summary table of each bank:
With this policy, if the repayment is overdue within 1~3 days after the repayment date, as long as the partner repays in accordance with the relevant provisions of time tolerance, it will be regarded as normal repayment, and there will be no penalty interest and overdue records! But it is based on the actual situation of major banks. The above is for reference only ~ also remind you to repay the loan as early as possible a few days to avoid trouble ~