Calculation method of late payment fee:

(Minimum repayment amount-repayment amount) *0.05= late payment fee

Example: Last month, I overdrawn by credit card 10000, and the minimum repayment amount 1000. I only changed the repayment date to 200 yuan last time, so my late payment fee is (1000-200)*0.05=40 yuan.

It is worth noting that although all banks abide by the 5% charging standard. However, the starting price is different. For example, Bank of Communications and China Merchants Bank charge a minimum of 10 yuan RMB or 1 USD.