Default payment of credit card SMS fee

There are several explanations about the interest of credit card liquidated damages. I. Interest rate standard The upper and lower limits of credit card overdraft interest rate shall be managed. The upper limit of overdraft interest rate is five ten thousandths of the daily interest rate, and the lower limit of overdraft interest rate is 0.7 times of five ten thousandths of the daily interest rate. The calculation method of credit card overdraft interest, whether to calculate and pay interest on credit card overpayment and its interest rate standard shall be determined by the card issuer independently. 2. Interest-free repayment period and minimum repayment amount The conditions and standards for cardholders to enjoy the interest-free repayment period and minimum repayment amount for overdraft consumption shall be determined by the card issuer independently. Third, the penalty and service fee cancel the credit card late payment fee. For the cardholder's overdue repayment, the card issuer shall agree with the cardholder through agreement whether to collect liquidated damages and related collection methods and standards. Card issuers shall provide cardholders with card service that exceeds the credit limit, and shall not charge over-limit fees. Card issuers shall not charge interest on the service fees such as liquidated damages, annual fees, cash withdrawal fees and currency exchange fees charged to cardholders. Four. Credit card cash advance business Credit card cash advance business includes cash withdrawal, cash transfer and cash recharge. Among them, cash withdrawal means that the cardholder obtains the funds within the credit card cash advance limit in cash through self-service machines such as counters and ATMs; Cash transfer means that the cardholder transfers the funds within the cash limit advanced by the credit card to his bank settlement account; Cash recharge means that the cardholder transfers the funds within the credit card cash limit to his own payment account opened in a non-bank payment institution. The cardholder handles the cash withdrawal business through ATM and other self-service machines, and the accumulated daily amount of each card does not exceed RMB 6,543,800,000; The daily limit of each card for cardholders to handle cash withdrawal business through the counter and cash transfer business through various channels shall be agreed by the card issuer and the cardholder through agreement; The card issuer can decide whether to provide cash recharge service at its own discretion, and agree with the cardholder on the daily limit of each card. The card issuer shall not transfer the funds within the cash advance limit of the cardholder's credit card to the bank settlement account or payment account of other credit cards or non-cardholders.

Legal objectivity:

"Provisions of the Supreme People's Court on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases" Article 29 Both lenders and borrowers have agreed on overdue interest rates, liquidated damages or other expenses. The lender can choose to claim overdue interest, liquidated damages or other expenses, or both, but the people's court will not support the part that exceeds 4 times the quoted interest rate of the one-year loan market when the contract is established. Article 585 of the General Principles of the Civil Law of People's Republic of China (PRC) * * * The parties may agree that if one party breaches the contract, it shall pay a certain amount of liquidated damages to the other party, or they may agree on the calculation method of damages for breach of contract. If the agreed liquidated damages are lower than the losses caused, the people's court or arbitration institution may increase the liquidated damages at the request of the parties; If the agreed liquidated damages are excessively higher than the losses caused, the people's court or arbitration institution may appropriately reduce them at the request of the parties. If the parties concerned pay liquidated damages for delayed performance, the breaching party shall also perform the debt after paying the liquidated damages.