Tolerance time is the collective name of "tolerance service" and "time tolerance service" of bank credit cards.

Background:

1. In February, 213, China Banking Regulatory Commission wrote to Wang Xinliang, a lawyer in Shandong Province who called for the abolition of "full penalty interest", saying that one of the important reasons for the dispute of "full interest interest" was that there were different understandings that "full repayment" was a necessary prerequisite for enjoying the interest-free period ". Wang Xinliang said he was disappointed with this reply.

2. At the same time, the China Banking Association published the revised "China Bank Card Industry Self-discipline Convention" (referred to as the "Convention"), clarifying that member units should provide "tolerance and time tolerance" services. The overlord clause of the bank's "full penalty interest" may change.

tolerance service:

1. The unpaid amount does not exceed 1 yuan, and the penalty interest can be exempted. Previously, the "full penalty interest" clause of credit cards has been criticized for a long time. "Full penalty interest" means that the cardholder fails to repay in full in the current month, and the bank charges .5% of the daily interest on all overdrafts from the bookkeeping date until the principal and interest are fully paid off.

2. With the implementation of the new Convention, members of the Banking Association will provide cardholders with "tolerance repayment service". The so-called "tolerance repayment service" means that if the cardholder fails to repay in full in the current period, and the unpaid part in the account is less than or equal to a certain amount (at least equivalent to RMB 1 yuan) after the due repayment date, it shall be regarded as the cardholder's full repayment, and this unpaid amount will be automatically transferred to the next bill.

Time-sensitive service:

1. The repayment grace period is at least 3 days. At the same time, the Convention also requires that cardholders who miss the repayment period of their credit cards due to too many bank cards, business trips and other reasons be given a repayment grace period, that is, members of the Banking Association provide cardholders with repayment grace period services for a certain period: the repayment grace period is at least 3 days from the due repayment date; When the cardholder repays within the repayment grace period, it shall be deemed that the cardholder repays on time.

2 or 3 days are the concept of natural days, not working days. The person in charge of the credit card center of a large state-owned commercial bank in Chongqing explained. This means that even Saturdays, Sundays and legal holidays are within the grace period. Cardholders should pay attention to this point when calculating the grace period, so as to avoid overdue records due to repayment beyond the grace period, which will affect personal credit records.

The role of time tolerance

1. Maintain fairness: Time tolerance can ensure the fairness of decision-making or evaluation. It means that when we consider the situation, we fully give others some time and space to solve the problem or improve the situation, and avoid drawing too harsh conclusions because of short-term difficulties or mistakes.

2. Enhance cooperation and understanding: Through time tolerance, we express our understanding and consideration for others, thus promoting good communication and cooperative relations between us. This attitude helps to build mutual trust and understanding, and promotes the solution of problems and the development of cooperation.

3. Encourage innovation and growth: Tolerance can provide space for others to explore and try, and encourage them to try new methods and ideas. It can stimulate the inspiration and potential of innovation and promote the growth and progress of individuals and organizations.