No.

According to the "China Bank Card Industry Self-Discipline Convention":

Article 14 Member units should strive to improve the quality of credit card services, provide cardholders with humanized card services, and advocate Each credit card issuer has established a "tolerance service and a time-tolerance service" for credit card repayment or provided interest reduction and exemption discounts for the portion of the credit card overdraft that has been repaid during the interest-free repayment period:

(1) Member units provide cardholders with "time-tolerant services" and should provide cardholders with a certain period of repayment grace period service. The repayment grace period shall be at least 3 days from the due date of repayment. When repaying within the time limit, the cardholder shall be deemed to have repaid on time.

(2) Member units provide "tolerance services" to cardholders. If the cardholder has insufficient repayment in the current period, and the unpaid portion of the account after the due repayment date is less than or equal to a certain If the amount is at least RMB 10 equivalent, it shall be deemed to have been repaid in full by the cardholder.

Extended information:

According to the "Notice on Issuing the "Credit Card Business Management Measures"":

Article 18 The maximum overdraft period of a credit card is 60 days sky.

Article 19 Credit card overdraft interest will be calculated at a daily interest rate of 5/10,000 within 15 days from the date of signature or bank accounting date, and a daily interest rate of 10/10,000 for more than 15 days, and 10/10,000 for more than 30 days. Or if the overdraft amount exceeds the prescribed limit, the daily interest rate will be calculated at 15%. Overdraft interest is not calculated in stages, but is calculated based on the highest interest rate bracket for the final term or the maximum overdraft amount.

Article 20: The overdraft business of each card-issuing bank must be included in its credit scale for management. The overdraft amount is transferred to short-term loan accounting.

Article 21: Malicious overdraft refers to the overdraft behavior of the cardholder for the purpose of illegal possession, exceeding the prescribed limit or prescribed period, and the collection by the card-issuing bank is invalid.

Article 22 The special unit shall not refuse to accept a valid credit card legally held by the cardholder and issued by the contracted bank for any reason, and shall not charge additional fees to the cardholder for using the credit card.

Article 23: Specially contracted entities are not allowed to pay cardholders in cash by pressing cards, signing orders, or returning goods.

Baidu Encyclopedia-China Bank Card Industry Self-Discipline Convention