Interest and late fees for overdue credit cards depend on the specific credit card contract and related policies.

Details:

1. Interest: Overdue credit card payments will accrue interest. The calculation method of interest varies according to the credit card contract. It is usually calculated based on the daily interest rate and is calculated cumulatively based on the number of overdue days. For example, if the credit card contract stipulates that the daily interest rate is 0.05, and the credit card is overdue for 30 days, the interest should be calculated based on the total overdue amount multiplied by 0.05 times 30 days.

2. Late payment fees: In addition to interest, late payment fees may also be charged for overdue credit cards. A late payment fee is a penalty for late payment, and the specific amount also varies based on the credit card contract. Late payment fees are usually calculated based on the proportion of the overdue amount. For example, the contract stipulates that the late payment fee is 2% of the overdue amount.

Summary:

Overdue credit card interest and late payment fees are determined based on the specific credit card contract and related policies. Interest is calculated based on the daily interest rate and the number of overdue days, while late payment fees are charged based on the proportion of the overdue amount.

Extended information:

Each credit card may have different interest and late fee policies. Therefore, it is recommended that cardholders read the credit card contract in detail and understand relevant policies, including interest rates, late payment fee amounts and calculation methods, etc. when applying for a credit card. Timely repayment is the best way to avoid overdue interest and late fees. If you have any questions, you can contact your bank or credit card issuer for consultation.