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Credit card overdraft interest rate is subject to upper and lower limit management. What is the upper limit of overdraft interest rate?
The upper limit of credit card overdraft interest rate is five ten thousandths of daily interest rate, and the lower limit of overdraft interest rate is 0.7 times of five ten thousandths of daily interest rate. The credit card overdraft interest rate here means that the credit card holder can't repay in full before the maturity date, and the unpaid part will bear interest at the daily overdraft interest rate from the maturity date and compound interest on a monthly basis.
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