1. Will high consumption be restricted if the credit card is overdue?

After the bank sues the bank for overdue credit card, high consumption will not be directly restricted. However, if the customer still refuses to repay after the court accepts the judgment, and the customer himself has the ability to repay, then once the court is included in the list of dishonest persons subject to execution, he will be restricted from high consumption. In addition, daily travel will also be restricted.

Of course, if after the bank files a lawsuit and the customer pays off the debt before the court accepts it, there will be no more problems and the bank will take the initiative to withdraw the lawsuit; or the customer will promptly pay off the debt as required after the court's decision It's okay to pay off the debt, and then just pay attention to repairing the credit damaged by overdue credit. As long as the personal credit score is improved, the bank may unfreeze the credit card, and the customer can continue to use the credit card to make purchases.

Everyone needs to pay attention to the fact that banks will not sue easily for overdue credit cards. As long as the customer finds a way to repay the debt as soon as possible after the credit card is overdue and lets the bank know that he is actively repaying the credit card, the bank will naturally not sue the customer. The sooner you pay off your debt, the better you can minimize the adverse effects of overdue payments.

2. What are the consequences of overdue credit cards?

1. Overdue interest will be charged

After a user overdrafts with a credit card, it usually lasts from 20 to 50 days. Interest-free repayment periods ranging from multiple days. If the cardholder fails to fully repay the overdraft within this interest-free repayment period, the cardholder will no longer enjoy the bank's interest-free treatment for all expenses incurred last month, and the recurring daily interest rate is as high as 0.05%. , that is, the annual interest rate reaches 18.

2. Credit card late payment fees will be incurred.

Credit card late payment fees refer to the fees that the cardholder should pay to the card-issuing bank according to regulations when the cardholder fails to repay before the due payment date (inclusive) or the repayment amount is less than the minimum repayment amount. At present, the standard for late payment fees of most banks such as China Merchants Bank, China Construction Bank, ICBC, and Shenzhen Development Bank is 5% of the unpaid portion of the minimum repayment. The minimum late payment fee for CCB Long Card is 5 yuan, while the minimum late payment fee for CMB Dual Currency Credit Card is 10 yuan. RMB or 1 USD.

3. It will produce a bad credit record.

Overdue repayments by credit card users will be recorded as bad credit records, and the basic database of personal credit information has been networked nationwide. As long as residents have handled loan business at banks, applied for credit cards, or provided others with If you pass a guarantee or other acts, you can check the credit report at any domestic commercial bank. For customers with bad records, banks will treat them with caution in future loan applications. They may require customers to provide mortgages and guarantees, may reduce the loan amount, increase the loan interest rate, or even refuse the loan. On the contrary, if the credit report has a good record, you may enjoy preferential treatment in terms of amount and interest rate in future credit business.

4. Litigation costs may arise over time.

If the cardholder fails to repay the overdraft after 2 months, the bank will call to remind the user to repay. If the loan is not repaid, the bank will ask a lawyer to issue a lawyer's letter to the user. If a user is overdrafted for 180 days

If a credit card is overdue, the cardholder will not be directly restricted from spending too much. When the cardholder is sued and the bank wins the case, but the cardholder fails to repay the loan, the bank can apply to the court for enforcement, and the cardholder will be included in the list of dishonest persons and will be restricted from high consumption. If the circumstances are serious, if you are suspected of credit card fraud, you will need to bear criminal responsibility.