After the credit card is stopped, the interest on the arrears is calculated normally and is not affected by the card stop.

Credit card overdue fee:

(1) overdue fine, which is 5% of the amount owed;

(2) overdue penalty interest = amount owed × 5/ 10,000/day.

Consequences of overdue repayment of bank credit cards:

Generate penalty interest;

Have a bad credit record;

Dunning by lending institutions;

Dispose of the assets of the borrower and guarantor;

If the circumstances are serious, you may go to jail.

note:

Bad credit records are recorded in personal credit information;

It usually takes five years to be eliminated;

Some serious cases can be postponed to ten years before they can be cleared;

Some serious and bad cases will enter the permanent blacklist.