When a credit card is overdue for one month and the amount owed is 10,000 yuan, the interest and late payment fees are calculated as follows: the late payment fee is 5% of the unpaid minimum repayment amount, which is 5% of 10,000 yuan. % is equal to 500 yuan; the daily interest is calculated at 0.05% of the total amount owed. The interest for one month (30 days) is 10,000 yuan times 0.0005 times 30, which is equal to 150 yuan. Therefore, the total amount that needs to be repaid is 10,000 yuan principal plus 500 yuan late payment fee and 150 yuan interest, which is equal to 10,650 yuan.
When banks process overdue credit cards, they will charge late fees and interest. The late payment fee is calculated at least RMB 10 or USD 1 for the unpaid portion of the minimum repayment amount. At the same time, the bank will charge an interest of 0.05% per day based on the total bill amount. It is worth noting that if it is overdue within a month, although it is considered overdue once, it will have a relatively small impact on the credit limit increase; if it is overdue three times consecutively or cumulatively, it may have a bad credit record, which will have a negative impact on loan and credit card applications. Difficulties; if the overdue amount is too large or the time is too long, the bank may even freeze the credit card.
According to the "China Bank Card Industry Self-Discipline Convention", if the cardholder pays off the balance within 3 days after the repayment date (with a balance not exceeding 10 yuan), no penalty interest will be charged. Banks usually provide a repayment reminder period of at least 3 days before the due repayment date, and allow tolerance services. That is, when the unpaid amount is less than or equal to RMB 10, it will still be regarded as full repayment without penalty interest. It should be noted here that these 3 days refer to natural days, not working days.
The above information comes from the introduction of credit card interest calculation by ifeng.com and Industrial and Commercial Bank of China. For overdue processing, it is recommended to pay back in time to avoid additional fees and impact on credit history.