How about the installment service charge of credit card? How to charge for overdue credit card

now we can say that the use of credit cards is very common. Credit cards are usually paid in the same month and paid in the next month. However, credit cards can be paid in installments. How about the service charge for installment payment of credit cards? How to charge for overdue credit card? Let's have a look at the details.

installment service charge of credit card: 0.72% per month (charged each month); installment service charge = installment principal * installment service rate * installment number;

1、 Generally, credit card has a three-day grace period after the repayment date, and repayment within the grace period is deemed to be timely repayment;

1. Pay off in full without any cost;

2. If the repayment amount is less than the minimum repayment required by the bank, it shall be deemed as overdue, with the interest rate of 0.05%. In addition, the overdue fine shall be charged at 5% of the outstanding part of the minimum repayment amount;

3. If the repayment amount is greater than or equal to the minimum repayment and less than the full repayment, 0.05% interest shall be paid;

2、 If the repayment exceeds the grace period, it shall be deemed as overdue: the interest shall be 0.05%, and there shall be a late payment fine.