How to calculate the late payment fee of IB, the interest and late fee of IB credit card

I was completely disappointed with IB. At that time, the salesman boasted that everything was better than that of other banks, so I cancelled the credit card of other banks and transferred it to IB, and I have been repaying the loan on time for two years. Last month, Alipay's inter-bank repayment and refund were only 2 days late, and I was deducted nearly 300 yuan in late fees, and there was no grace period at all, which is really incomparable with the service of Bank of China and ICBC.

Call ** to complain, the customer's cow, say that we are like this, if you are not happy, find other banks, I am really angry! At the end of the year, I plan to close my account, and I advise you not to touch anything from IB in the future, because they don't know what service is at all, and they don't have any quality at all, and the root of a single user doesn't care about you and ignores you.

The interest and late fees of IB credit cards are related to the way you repay your loans.

For consumption transactions in which IB credit card holders repay all the repayment amount from the date of bank account to the due date of repayment (inclusive), and are entitled to interest-free treatment, the time period is called the interest-free repayment period; The due repayment date of IB credit card is generally the 20th day after the statement date, and the interest-free repayment period is from the date of bank account entry to the due date of repayment, with the longest interest-free period being 50 days and the shortest being 20 days. The length of the interest-free period varies depending on the day of the purchase, and the longest interest-free period can be enjoyed for the purchase of the card on the day after the statement date.

If the cardholder fails to repay the loan in full before the due date (only the minimum repayment amount or above), IB will charge a certain amount of revolving interest on all consumption amounts in the current period, but it will not affect the personal credit record. The revolving credit rate of IB credit card is uniformly stipulated by the People's Bank of China, with a daily interest rate of 5/10,000 and compound interest on a monthly basis.

If the cardholder fails to repay the loan before the due date or the repayment amount is lower than the minimum repayment amount, IB will charge a certain amount of revolving interest and late payment fee for all consumption amounts in the current period, and will leave a stain on the personal credit record. The late payment fee for IB credit card is calculated at 5% of the outstanding part of the minimum repayment, with a minimum of RMB 20 or USD 3.

It can be postponed for 3 days, and in the new regulations on the "tolerance of time tolerance" for credit card repayment of IB credit card, its credit card has a "tolerance of 3 days".

Tips: If you have not repaid your IB credit card on the repayment date, you can call the customer service of IB credit card**95561 to ask if there is a grace period for repayment. If the grace period has elapsed and the repayment is still not made, the bank will charge a late fee, which is 5% of the outstanding part of the minimum payment, plus daily interest.

If you fail to pay the bill for more than 3 months (3 instalments), you will be blacklisted by the bank, and in serious cases, it will cause the bank to sue for debt collection.

If you repay the credit card tomorrow or the day after tomorrow, it depends on the active period of your loan, that is, it will have a hesitation period, and the interest will increase during the hesitation period.

If it is overdue, in addition to the late fee, there is also interest, the late fee is five percent of the unpaid part of your minimum repayment, the minimum is 20, and the interest is five ten-thousandths per day, which will be calculated from the earliest one of your bills and credit cards, and will be calculated from the earliest one of ten thousand per day until you pay off in full, it is recommended that you call 95561 to ask for interest, because you may have a lot of bills in this period, or you still have to pay for repayment, otherwise the credit will be affected.

Well, if there are special circumstances, you may have to repay the loan a day or two late, and you can call the customer service in advance to apply for grace, which is generally no problem.

Yes. As long as you explain the reason with the staff at the credit card center, it will take 2-3 days. Not normally.

If you have good credit since using the card, the banking system will not be unfavorable! \(o^)/~

1.Article 196 of the Criminal Law of the People's Republic of China stipulates that malicious overdraft is one of the acts of credit card fraud, and criminal liability will be pursued if the amount is relatively large or the circumstances are serious.

Malicious overdraft refers to an individual's overdraft beyond the prescribed limit or within the prescribed period for the purpose of illegal possession, and does not return it after being collected by the card-issuing bank.

2.If the arrears exceed 10,000, the bank will call for it twice, and if it has not been repaid within three months, it will be judged as "malicious overdraft" (credit card fraud) and will be investigated for criminal responsibility.

3.The direct consequence of overdue credit cards is that they leave a stain on their personal credit records (overdue records), and the loan business in financial institutions will be hindered in the later stage

4.Credit card holders, cherish your personal credit, credit is priceless, it is worth waiting for.

No. If the credit card purchase is not repaid when due, a late fee (5% of the outstanding part of the minimum payment, minimum RMB 20 or USD 3) will be charged, and interest will be charged at 5/10,000 per day. If the repayment is made at the minimum payment amount, no late fee will be charged, and interest will be charged at 5/10,000 per day.

For example, Mr. Li's bill date is the 18th of each month, and the repayment date is the 7th of each month.

The current statement printed by the bank for Mr. Li on 18 April included all of his transactions from 19 March to 18 April;

Mr. Li has only one purchase in this billing cycle – April 15, with a spending amount of RMB 1,000;

The "current repayment amount" and the "minimum repayment amount" of Mr. Li's current bill is RMB1,000 and the "minimum repayment amount" is RMB100;

Under different repayment circumstances, the revolving interest awarded by Mr. Li is as follows:

If Mr. Li repays the full amount of $1,000 before 7 May, the recurring interest = $0 in the statement on 7 May and the balance of the bill is $0.

If Mr. Li only repays the minimum repayment of $100 before 7 May, the revolving interest on the statement dated 18 May = $100 and the balance of the bill is $10.

The specific calculation is as follows:

1000 RMB for 22 days (April 15 - May 7).

1000 yuan -100 yuan) 12 days (May 7 - May 18).

Revolving interest = RMB.

If Mr. Li does not repay any amount, the late fee and revolving interest on the statement dated 18 May = $37 and the balance of the bill is $1,037.

The specific calculation is as follows:

Late fee: 1000*10%*5%=5 yuan<20 yuan.

Interest: 1000 RMB for 34 days (April 15 - May 18) = 17 RMB.