legal.

all the charges of credit cards are legal, and the interest and late payment fees generated after the credit card is overdue are also in compliance. Otherwise, how can the credit card be issued normally? Although the fees generated after the credit card is overdue are legal, they are not necessarily reasonable.

users can actively negotiate with banks to tell them the difficulties they are facing, and strive to reach an installment repayment agreement with banks, so that banks can reduce part of the penalty interest. As long as the reasons are sufficient and they stand firm, they can usually negotiate successfully.

Extended information:

Note:

The legal basis of the late payment clause of credit card is Article 22 of the Measures for the Administration of Bank Card Business, that is, the issuing bank shall charge a late payment fee of 5% of the unpaid minimum repayment amount to the credit card holder. Logically speaking, every legal norm consists of two parts: behavior pattern and legal consequences.

the behavior mode of this legal norm is the behavior of not paying the minimum repayment amount, and the legal consequence is that a late fee of 5% of the unpaid part of the minimum repayment amount should be charged. Obviously, this legal consequence is the breach of the credit card collection contract between the issuing bank and the cardholder.

Baidu Encyclopedia-Late Payment Fee for Credit Cards

Baidu Encyclopedia-Interest

Baidu Encyclopedia-Measures for the Administration of Bank Card Business