If there is no quota, you need to pay back the arrears until the quota is restored. Therefore, in essence, there is no direct relationship between the credit card installment and the inability to continue to use the credit card limit.
1. Relevant legal measures for unpaid minimum repayment amount of credit card.
The minimum repayment amount of credit card is not enough. In addition to staging, there are several ways to prevent overdue. You can refer to one or two:
1, change the credit card bill.
If the cardholder is not expected to get the credit card, he can call the credit card center of the issuing bank to apply for changing the credit card before the billing date (remember to apply before the billing date) to achieve the purpose of delaying repayment.
2. Fault-tolerant service
If card friends can make up enough money within one or two days after the due repayment date, they may wish to make full use of the time-tolerant service of the bank.
ask for help
The credit card is still expired. In order to avoid overdue, please borrow some money from your friends first, return the credit card, and then return it to your friends when the funds are plentiful. This method is not commonly used, but it can be used occasionally.
4. Minimum repayment amount/bill installment
The minimum repayment amount of credit card and bill installment can also avoid overdue, but the cardholder needs to pay the corresponding interest and handling fee to the bank. However, the minimum repayment amount of the credit card and the annual interest rate of the bill installment are as high as 18.25% and 14%, and the short-term emergency is ok. It is not recommended for cardholders to use it for a long time.
2. What if the credit card is overdue for half a year?
1, when the credit card is overdue, it must not be ignored. First of all, you should get in touch with the bank to show your current economic situation and express your willingness to repay. I hope that the bank will coordinate and customize a reasonable repayment plan, and then work hard to make money and pay off the arrears slowly.
Bank staff will continue to contact you after the deadline, but don't deliberately avoid these calls. After connecting the phone, you should make clear your willingness to repay and the current economic pressure in time and beg for a period of time.
3. If the cardholder really can't repay the amount required by the bank, he can apply to the bank for an extension or sign a personalized installment agreement. Generally speaking, the impact of overdue credit cards is still relatively large. I suggest that you must pay back on time.
If your credit card is about to expire or has expired, it is suggested that you call the customer service phone of the bank in time, take the initiative to explain the situation and find out whether you can apply for repayment or reduce the penalty interest to repay as soon as possible.
Legal basis:
Credit Card Bill/Single Installment Business Terms of CITIC Bank Article 2: Business Application:
1. Cardholders applying for bill installment or single installment business shall meet the following conditions:
(1) billing/single installment business is limited to the credit card host of the Bank. Only official cardholders and foreign cardholders can't apply, and supplementary cardholders can apply on their behalf by the main cardholder.
(2) The monthly installment amount of the cardholder's bill is above RMB 200 yuan (inclusive); (Except for the transaction amount that cannot be applied for bill installment).
(3) The maximum amount that the cardholder applies for bill installment shall not exceed 95% of the current bill amount.
(4) The cardholder's single application amount is more than RMB 65,438+000, or the overseas non-UnionPay transaction is more than EUR/USD/HK$ 65,438+000, inclusive; (Except for the transaction amount that cannot be applied in a single installment).
2. Transactions that cannot apply for bills or single installment payment include but are not limited to:
(1) installment payment transaction has been processed;
(2) Dispute transactions, cash withdrawal transactions and various interest charges (including but not limited to handling fees, interest, liquidated damages and other credit card charges, etc.). );
(3) Unrecorded transactions and other transactions stipulated by the bank.