Interest-free repayment period: for consumer transactions, interest-free treatment is provided to cardholders who repay in full on time. The interest-free period is from the trading day of credit card consumption to the repayment date, with a maximum of 50 days and a minimum of 20 days. Suppose: the 7th is the billing date, 65438+ 10. On the 7th of October, RMB 2,000 will be spent, and the bill will be issued on the same day. 1/27 is the due repayment date, so you can enjoy the interest-free period of 20 days. If 1/8 spends 2,000 yuan, 2/7 bills are paid and 2/27 is the due repayment date, then you can enjoy the interest-free period of 50 days. In other words, the cardholder does not need to have any handling fee when overdrawing, as long as he repays on the stipulated repayment date, and does not charge any interest.

Second, late fees.

Late payment fee refers to a certain proportion of late payment fee for failing to pay taxes according to the tax payment period or repaying loans according to the repayment period. It is a measure for tax authorities or creditors to give economic sanctions to overdue parties.

The proportion of overdue fine shall be uniformly stipulated by the People's Bank of China, which is 5% of the unpaid part of the minimum repayment amount. Bian Xiao took ICBC credit card as an example to illustrate the calculation of late payment fee today. The agreed late payment fee is 5% of the unpaid part of the minimum repayment amount, and the minimum is 1 RMB. It should be noted that the base of the late payment fee is the unpaid part of the minimum repayment amount.

ICBC credit card late payment fee calculation formula: late payment fee = (minimum repayment amount-paid amount on due repayment date) ×5%

For example, if the user spends 1 1,000 yuan by swiping the card, and the minimum repayment amount is 1 1,000 yuan, and the credit card overdue fee is 1 1,000 * 5% = 50 yuan.