Tips
Default interest = overdue principal * default interest rate * overdue days; Compound interest = overdue interest * default interest rate * overdue days.
if it is a credit card, we will provide you with 3 days grace period service for credit card repayment (including e-installment) every month. For example, if the final repayment date is the 5th of each month, the schedule bill can be paid in full before 24: pm on the 8th of that month at the latest. No additional expenses will be incurred, and your current repayment record will not be affected. You do not need to apply for this service on your own initiative.
Tips
1. If the credit card is overdue, it will affect the use of the credit card.
2. If you repay the CMB credit card through transfer from another bank, it is recommended to handle it 1-2 days in advance, and pay attention to the time limit.
if the cardholder fails to pay off the minimum repayment of the current bill within the due repayment date (including the 3-day grace period), he will be charged a penalty-if the cardholder fails to pay off the minimum repayment of the previous bill before the due repayment date (including), China Merchants Bank will charge the corresponding penalty according to the Credit Card Charter of China Merchants Bank. The penalty is calculated at 5% of the unpaid minimum amount of the credit card, and the minimum charge is RMB 1 yuan or US$ 1 yuan. At the same time, all consumption in the current period will be charged with interest from the bookkeeping date, with a daily interest rate of five ten thousandths. And interest-the credit card bill is not repaid in full on time: if the current bill is not paid off before the credit card repayment date, all the consumption in the month will not enjoy interest-free. Interest is calculated for each consumption in the bill one by one, generally from the second day of credit card consumption to the date when your transaction is returned, at the rate of .5% per day.
Tips
If the card has been stopped and needs to be restored, please call the customer service telephone number of the credit card center at 4825555 for consultation.
(Response time: July 12, 219. Please refer to the latest business changes announced by China Merchants Bank in official website. )