Car loan installment card has received the information. What is the meaning of default interest overdraft interest?

The overdraft interest of car loan credit card refers to the interest generated when the credit limit in the credit card is used up and still consumed. 1. Credit card overdraft interest refers to the interest generated when the credit line of a credit card is completely used up but still consumed. 2. Generally speaking, credit card overdraft interest is calculated at the rate of five ten thousandths of daily interest within 15 days from the signing date or the date of bank entry, ten thousandths of daily interest after 15 days, and fifteen thousandths of daily interest after 30 days or when the overdraft amount exceeds the prescribed limit. The overdraft interest is not divided into sections, and the interest is calculated according to the highest interest rate grade or the highest overdraft amount.