yes.

According to the notice on printing and distributing the Measures for the Administration of Credit Card Business:

Article 18 The maximum overdraft period of a credit card is 6 days.

article 19 credit card overdraft interest shall be calculated at five ten thousandths of the daily interest within 15 days from the date of signing or the date of bank account entry, and at ten thousandths of the daily interest after 15 days.

if it exceeds 3 days or the overdraft amount exceeds the prescribed limit, the daily interest rate shall be calculated at 15/1. The overdraft interest is not divided into sections, and the interest is calculated according to the highest interest rate grade of the deadline or the highest overdraft amount.

Extended information:

Consequences of overdue:

1. Liquidated damages will be incurred, generally 5% of the minimum repayment amount.

2, high interest, and it is a rolling interest, and interest is very scary when there are many debts.

3. The overdue period will stain the credit record, which will lead to the inability to handle financial needs such as house purchase and loan in the next two years.

4. If it is overdue for more than 3 months and the amount exceeds 1,, the bank has failed to make several reminders, and it will not only pay back the money, but also bear criminal responsibility.

cancellation status:

if you don't intend to continue using your credit card, you must cancel it. If you don't cancel your account, the bank will charge you an annual fee for your credit card. You can apply for account cancellation at any time if the card is not overdrawn.

if the card has not expired, you need to apply first, and then go to the bank to cancel the account after a certain period of time; If the card has passed the validity period and the account balance is zero, you can go directly to the designated bank outlet to cancel the account.

when closing the account, you should bring the original valid ID card and card. If it is inconvenient for me to go through the formalities of closing the account, someone else can do it for you. The agent must hold the power of attorney written by the principal (himself) and bring the original valid identity certificate to handle the account cancellation business.

if your card has not expired when you cancel your account, some banks stipulate that you need to go to the designated outlets to receive the card, and then go through the formal account cancellation procedures after a certain period of time (up to 3 days).

this is mainly because if the cardholder has done a manual card pressing transaction before closing the account, the cardholder has already closed the account before the merchant has submitted the card pressing form to the bank for entry, so the bank cannot settle the account normally.

On the other hand, if the cardholder is in consumption abroad or withdraws cash, it may be several days before liquidation. If the account is cancelled immediately, it will also affect the normal liquidation of the bank.

Baidu Encyclopedia-Notice on Printing and Distributing the Measures for the Administration of Credit Card Business

Baidu Encyclopedia-Credit Card