Hello, overdue payment not only has a minimum overdue fine of 5% (minimum 10 yuan), but also has a full penalty interest (5/10000 per day, the interest will be paid on the day of consumption, and the interest will be recovered on a monthly basis until the principal and interest are paid off), and a bad credit record will be generated in the Credit Information Center of the People's Bank of China, which will affect the application for credit cards and bank loans within two years.

If the payment is overdue for more than three months or the bank makes more than two reminders, the bank will freeze your card and list you as a prohibited customer (blacklist). At the same time, it may be sued for credit card fraud and malicious overdraft, which will be enforced by the court. If you refuse to repay the loan after prosecution, and the amount owed exceeds 1 000, the court will impose a sentence on the crime of credit card fraud according to Article 196 of the Criminal Law!