1. How to complain about excessive credit card liquidated damages

You can call the China Banking Regulatory Commission to make a complaint. This kind of liquidated damages is clearly stipulated in the bank's contract. , it is not very illegal. If the cardholder feels that the charge is too high, he can contact the bank and negotiate with the bank to apply for a refund.

After a credit card is overdue, no matter which bank the credit card is from, penalty interest will be calculated on the overdue portion at a daily interest rate of 0.5% from the overdue date, and will be calculated until the customer returns the credit card. Until clear.

It can be seen that the overdue interest rate of credit cards is within normal levels and does not violate regulations. Naturally, customers cannot complain that the penalty interest charged by the bank is unreasonable. However, if the customer owes a large amount and is overdue for a long time, and is really unable to pay off, he or she can take the initiative to call the card-issuing bank for negotiation and apply to the customer service staff for a suspension of interest rates.

Credit cards are divided into credit cards and quasi-credit cards. A credit card refers to a credit card in which the card-issuing bank gives the cardholder a certain credit limit, and the cardholder can consume within the credit limit first and repay later. A quasi-credit card refers to a credit card in which the cardholder first deposits a certain amount of reserve fund as required by the bank. When the reserve fund is insufficient to pay, the cardholder can overdraw within the credit limit specified by the card-issuing bank.

2. There are several installment methods for non-repayment of credit cards

The installment methods of credit cards include cash installment, bill installment and consumption installment.

1. Cash installment

Credit card cash installment is suitable for people who need cash urgently. It means applying to the bank to transfer the credit card limit directly to the savings card, and then repaying it in installments.

2. Bill installment

Bill installment refers to repaying the amount of credit card consumption in installments over a period of time, which can relieve the pressure of repayment.

3. Consumption installment

If the cardholder's single consumption amount reaches the minimum consumption amount stipulated by the bank, he can apply to the bank to divide the consumption into multiple repayments.

Credit card installment is generally suitable for those who do not have the ability to repay in full on the credit card repayment date or do not have the ability to pay in full when purchasing goods. Although there is a certain handling fee for credit card installment, it can protect your personal life. The credit score will not be compromised and the consumer needs of cardholders can be met. However, we need to be reminded that credit card installment is not suitable for long-term use, firstly because of the handling fees, and secondly, it is easy for banks to feel that their financial strength is not strong enough, which will affect the credit card limit increase or re-apply for the card.

If the overdue penalty on a credit card is too high, you should file a complaint with the China Banking and Insurance Regulatory Commission. There are three ways to apply for installment repayment on a credit card. You need to pay an annual fee to use a credit card. The number of credit card swipes can be deducted from the annual fee. The annual fee incurred if the credit card is not used for a long time will be borne by the cardholder. You can cancel the account at any time if there is no overdraft on your credit card. Before canceling the credit card, make sure there is no debt in the credit card.