I wonder if Bohai Bank will charge for delaying repayment by SMS?

First, credit cards generally have a grace period of three days after the repayment date, and repayment within the grace period is regarded as timely repayment;

1, if it is paid off in full, it will not generate any expenses;

2. If the repayment amount is less than the minimum repayment amount stipulated by the bank, it will be deemed overdue, with interest of 0.05%, and the unpaid part of the minimum repayment amount will be subject to a 5% late fee;

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

2. Repayment beyond the grace period is deemed overdue: interest is 0.05%, and there is a late fee.

Third, bad credit records will be generated after the deadline, which will affect cash withdrawal. According to the regulations of the bank, once the cardholder fails to return the corresponding amount after the final repayment period, the cardholder needs to pay the corresponding interest and late fees, and may be entered into a bad credit record by the bank.

However, there are many non-subjective reasons that can't be controlled in the actual operation process, such as: the customer who automatically binds repayment failed to repay due to the failure of the banking system, and used other repayment methods to repay, but the repayment amount on the last repayment date has not been recorded. These non-subjective reasons have long been the grace period of credit cards. The consequences of overdue repayment of credit cards are serious, and overdraft consumption should be moderate. Although the biggest feature of credit card is overdraft function, it actually constitutes the loan relationship between customers and banks. Failure to repay at maturity may not only cause legal disputes, but also bear high penalty interest. The most important thing is to form a bad credit record, which will adversely affect future work and life. Consequences of overdue repayment of credit cards: After credit cards bear high penalty interest, the penalty interest fees usually involved are revolving interest fees and late fees.

The essence of revolving credit is a small, unsecured loan with daily interest. If the repayment is not made in full on the last repayment date, revolving credit interest will be generated on the next statement, and the interest needs to be calculated from the date when the consumption is recorded.

Except for ICBC, the other 12 banks still carry out full penalty interest.

Full penalty interest means that even if the customer repays the part, the repayment part is not deducted when calculating the penalty interest, and the interest expense is usually calculated at the daily interest rate of five ten thousandths.

In addition, some banks stipulate that interest shall be calculated at five ten thousandths within 15 days from the bookkeeping date, ten thousandths after 15 days, and fifteen thousandths after 30 days or when the overdraft amount exceeds the specified limit. The longer the default time, the higher the penalty interest. References: