Supplementary information: credit card interest and fee regulations
(1) If the cardholder uses the credit line to withdraw cash or transfer money, he shall not enjoy the interest-free repayment period, but shall pay the overdraft interest of the money used from the bank bookkeeping date to the repayment date. Except for overdraft cash withdrawal and overdraft transfer transactions, other overdraft transactions are interest-free repayment period from the bank bookkeeping date to the due repayment date (inclusive). The cardholder shall repay the current repayment amount in full before the due repayment date (inclusive) without paying overdraft interest. If the cardholder fails to fully repay the current repayment amount on the due repayment date, the interest shall be calculated according to the following rules:
1. Interest calculation method 1: If the funds payable in the current period are not fully repaid, all overdraft funds in the current period will no longer enjoy the interest-free repayment period, and the card issuer will charge overdraft interest for all overdraft funds in the current period from the bank bookkeeping date to the repayment date.
2. Interest calculation method 2: If the amount payable in the current period is not fully repaid, the card issuer will charge overdraft interest for the unpaid part from the bank bookkeeping date to the repayment date.
The interest calculation method of credit card is subject to the specific product introduction and the agreement between the card issuer and the cardholder (including but not limited to the "Credit Card-Card World" column on the website of Industrial and Commercial Bank of China and the product introduction known to the cardholder in the application).
(2) The cardholder can repay according to the minimum repayment amount indicated in the statement. If the cardholder fails to repay the minimum repayment amount before the due repayment date (inclusive), it shall be deemed as overdue. In addition to paying overdraft interest according to the above interest-bearing method, the cardholder shall also pay liquidated damages according to a certain proportion of the outstanding minimum repayment amount. The specific collection rules shall be implemented according to the service price list published by the card issuer.
(3) The cardholder fails to repay the arrears before the expiration of the temporary credit line increase period, or the credit line is over-used due to other reasons such as interest and expenses. Under the above circumstances, the cardholder shall not refuse to repay the debt of Peony Credit Card account on the grounds of exceeding the credit limit.
(4) The card issuer shall calculate overdraft interest from the bank bookkeeping date for the transaction funds that the cardholder does not meet the interest-free conditions, compound interest on a monthly basis and deduct it from the cardholder's account (including overdraft deduction, the same below). The overdraft interest rate is subject to the Peony Credit Card Collection Contract signed by the card issuer and the cardholder.
(5) The deposit in the credit card account does not pay interest.
Twenty-second quasi-credit card interest provisions
(1) The overdraft interest of the quasi-credit card shall be charged at simple interest according to the contract signed between the card issuer and the cardholder from the bank bookkeeping date, and the maximum overdraft period is 60 days. If it has not been returned for more than 60 days, it shall be deemed as overdue.
(two) the deposit in the quasi-credit card account pays interest according to the deposit rate announced by the card issuer.
Twenty-third card issuers charge fees according to the service price list of China Industrial and Commercial Bank of China. If there are any changes in service items and service prices, the latest announcement of the card issuers shall prevail.