Overdue credit card repayment refers to failure to repay within the specified time, which is called overdue repayment.

The impact of overdue repayment of China Merchants Bank credit cards:

The time for China Merchants Bank credit cards and the People's Bank of China to synchronize the cardholder's repayment information is generally around the billing date of each issue. This means that if you repay a certain period a few days late, although it will definitely leave a bad record in CMB’s own system and affect CMB’s installment plan, and incur late payment fees, as long as you repay it in full before the next credit card bill date, Arrears will not be recorded in the People's Bank of China's nationally networked personal credit information inquiry system.

If the repayment is only deferred for 1 day, it is recommended to directly call 4008205555, enter the ID number and select 9 to enter the manual explanation of the situation, and the service staff will verify it for you. Generally speaking there is no problem.

Usually it cannot be unfrozen. If it is frozen after the expiration date, the credit card cannot be used.

The consequences of an overdue credit card are:

1. The bank credit card bank center will charge late payment fees and interest:

1. The late payment fee is based on the unpaid portion of the minimum repayment amount. Calculated at 5%, the minimum charge is RMB 10 or 1 US dollar

2. At the same time, the bank will also charge an interest of 50,000 per day on the entire bill.

2. Impact on credit:

1. Overdue within one month is considered overdue. As long as it is overdue, even once, it will be more difficult to increase the credit limit;

2. If you are overdue three times in a row or six times in total, you will have a bad credit record, and it will be difficult to get a loan or apply for a credit card in the future;

3. If you are overdue for a certain amount and time, the bank will freeze the credit card.