Credit card payments are made once a month.

After a cardholder uses a credit card to make a purchase, the limit will be included in the credit card bill for the next month. The cardholder needs to pay off the balance of the current month's bill on the repayment date of the next month. According to the regulations of major banks, credit card bills are issued once a month, and cardholders naturally repay their loans once a month. If the user has no consumption record or consumption limit in the current month, there is no need to handle repayment next month.

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards where the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit cards It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the specified credit limit. The so-called credit card generally refers to a credit card only.

Will it affect the mortgage if you forget to repay the credit card and it is overdue?

If you forget to repay the credit card and the mortgage is overdue, if the mortgage has been approved, the overdue record of the credit card will not affect the mortgage at this time. While the mortgage loan is being approved, the overdue credit card record added by the user will directly affect the mortgage approval result. Applying for a home loan requires users to have good credit. As long as there is an overdue record in the credit report, the home loan approval will not be passed.

When applying for a mortgage, it is best not to apply for a loan; do not use a credit card. After the mortgage is approved, you can apply for a loan normally; use a credit card normally.

Is it possible to repay the minimum overdraft with a card if it is overdue for one month?

After the credit card is overdue, banks will generally require full repayment. Only a small number of banks have no special requirements for the repayment amount. Then It’s okay to choose the minimum payment. It is recommended that users repay the minimum repayment amount before the repayment date as much as possible, or apply for installment repayment, so as to avoid overdue records.

Action suggestions:

1. After receiving the monthly credit card statement, you must pay the minimum repayment amount during the repayment period. It is best if you can pay off the entire overdraft in time. , if you really have difficulty in capital turnover, it is best to pay the minimum repayment amount. This can at least reduce the serious losses due to interest rates and fines, and prevent your late payment fees and penalty interest from getting bigger and bigger.

2. The credit card has expired, which may cause a stain on the credit record. Do not ignore it or treat it negatively. You must actively take correct measures to save it. If you have relevant legal concerns or are already facing legal problems, you can contact a lawyer. Specific consultation.

Legal basis:

Article 10 of the "Interpretation on Several Issues Concerning the Specific Application of Laws in Criminal Cases Obstructing the Management of Credit Cards" stipulates: If the amount of malicious overdraft is relatively large, it must be returned in full before prosecution or If there are other minor circumstances, prosecution may not be required; if the property is returned in full before the first instance judgment or there are other minor circumstances, criminal punishment may be waived. However, this does not apply to those who have been punished twice or more for credit card fraud.