If an ICBC credit card is overdue for one day, a credit report will be issued. ICBC credit cards have a maximum grace period of 55 days for repayment on a specified date. Credit card repayment grace period.

The consequences of overdue payment:

1. ? No longer enjoy interest-free repayment.

2. ? Affect personal credit record

3. ? Seriously overdue, huge amount will also constitute a crime due to "malicious overdraft".

4. If you are overdue for more than three months or fail to repay more than two bank reminders, the bank will freeze your card and list you as a prohibited customer (blacklist). At the same time, you will also be Sue you for credit card fraud and malicious overdraft, and the court will enforce it.

The personal impact of an occasional overdue credit card is not too serious, as long as you pay off the credit card in time, you can make up for it. If you are overdue no more than 4 times in a year, the impact on the individual will not be too great. If you are overdue for three consecutive months or even seven months, you will not be able to make any bank loans or credit loans in the past five years.

Extended information

Credit Card, also called credit card. It is a non-cash transaction payment method and a simple credit service.

A credit card is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on the Provisions on Credit Cards of the People's Republic of China and the Criminal Law of the People's Republic of China") refer to those issued by commercial banks or other financial institutions. An electronic payment card with all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is Credit Card.

A credit card is generally a special carrier plastic card with a length of 85.60 mm, a width of 53.98 mm, and a thickness of 1 mm. The name of the card issuer, validity period, number, cardholder name, etc. are printed on the front, and there is a chip on the back. Magnetic strip, signature strip. Cardholders can use their credit cards to shop and spend money with special entities and deposit and withdraw cash from banks.

There is no need to pay cash when using a credit card, and repayment will be made on the billing date. Credit cards are divided into credit cards and quasi-credit cards. A credit card refers to a credit card in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; a quasi-credit card refers to a credit card in which the cardholder can A quasi-credit card that deposits a certain amount of reserve fund and can be overdrafted within the specified credit limit when the reserve account balance is insufficient for payment. The so-called credit card generally refers to a credit card only.

Reference: Baidu Encyclopedia-Credit Card