The so-called credit card late payment fee refers to the fee charged by Guangfa Bank according to a certain proportion of the unpaid part of the minimum repayment amount if the cardholder fails to repay the arrears or the actual repayment is lower than the minimum repayment amount before the due repayment date.

The credit card late payment fee of Guangfa Bank is calculated at 5% of the outstanding minimum amount, with 20 yuan/US$ 5/HK$ 40 for personal single currency card, 20 yuan/US$ 2 for personal dual currency card and 10 yuan/1 US$ for business card.

Causes and influence of credit card late payment fee

If you fail to repay the minimum repayment amount before the due repayment date, Guangfa Bank will not only charge you a certain percentage of late fees, but also affect your personal credit record; If you forget the due repayment date, please contact the customer service staff of Guangfa Bank in time, return the money owed and explain it clearly to the customer service staff to avoid bad records.

The late payment fee also means that you don't repay in full before the due repayment date, so the bank will charge you cyclic interest on the consumption amount during this period from the bookkeeping date, with the interest rate of five ten thousandths per day and compound interest on a monthly basis.