The following are some basic knowledge about credit cards:

About the cardholder. "Cardholder" refers to the organization or individual who applies for a credit card from the Bank and is issued a card. Corporate card holders should be designated by their organization; personal card holders include primary card holders and supplementary card holders.

About credit limits. The bank will calculate your credit value based on your application and various information, and then convert it into your credit limit. Everyone's application conditions are different, and the credit limit will also vary from person to person.

About the billing date, repayment date and interest-free period. The billing date is the day when the credit card generates the current statement every month. The repayment date is the latest date on which the bill can be repaid, usually about 20 days after the bill date. The interest-free period is the time from when you spend a certain amount of money with a credit card until the repayment date.

About the minimum payment amount. If you have difficulty repaying the loan in full before the repayment date, you should pay the minimum repayment amount (generally 5% or 10% of the bill amount). Otherwise, it will be regarded as a breach of contract and you may be fined in full in addition to interest. Late fees will be charged and your credit status will be affected.

About late payment fees. If your actual repayment amount is lower than the minimum repayment amount on the payment due date, you will be charged a late fee for the unpaid portion of the minimum repayment amount. The proportion of late payment fees is uniformly stipulated by the People's Bank of China, which is 5% of the unpaid portion of the minimum repayment amount.

About the annual fee. Most banks now implement the policy of waiving the annual fee in the first year and waiving the annual fee in the following year after spending a few transactions, except for general platinum cards. For some platinum cards, points can be used to redeem annual fees.

Extended information:

Credit Card, also called credit card. It is a non-cash transaction payment method and a simple credit service. There is no need to pay cash when making purchases with a credit card, and repayment will be made on the billing date.

Reference material: China Construction Bank? Credit card usage regulations