If the credit card is overdue, it will not only charge late fees and interest, but also affect the personal credit record. The standard of late payment fee is 5% of the unpaid minimum amount, and the minimum fee is RMB 10 yuan or USD 1 yuan. In addition, interest is charged on each consumption from the bookkeeping date, with a daily interest rate of five ten thousandths until the consumption is paid off.
Every repayment will give priority to paying off overdue fines and interest. Therefore, China Merchants Bank Credit Card Center suggested that the credit card should be repaid as soon as possible after it is found overdue, and more can be paid appropriately to offset the interest already generated. Don't worry about whether the repayment amount has exceeded. If the overdue fine, interest and previous credit card consumption are exceeded, the overpaid part will be deducted from the subsequent consumption.