When the actual repayment amount of the credit card is lower than the minimum repayment amount on the due repayment date of the credit card, the cardholder will pay a late fee for the unpaid part of the minimum repayment amount, which is generally 5% of the unpaid part of the minimum repayment amount. However, due to different bank policies, the minimum amount set is not the same.
Therefore, cardholders with a large overdraft during the long vacation must remember the last repayment date after receiving the bill and try to pay off all their expenses before the due repayment date. If you really can't afford it, apply for installment repayment as soon as possible or adopt the minimum repayment method to avoid being penalized by the bank.
People who have no economic income, such as students, should not apply for credit cards easily. Even if you don't use a credit card, you have to bear the annual fee and other items. Credit card holders give up the use of credit cards and go through the formalities of card withdrawal in time. Otherwise, the expenditure of credit cards and the interest and late payment fees generated in the later period will lead to personal economic losses and credit reduction, which will affect mortgage and car loans.
Extended data:
Harm of overdue credit card of ICBC
1. Payment of late payment fee and overdue interest: failure to repay the credit card after overdraft is a breach of contract, and the bank may require the cardholder to repay the principal, overdue interest, late payment fee and over-limit fee.
2. Bad credit record: overdue repayment will leave a bad credit record for the cardholder and affect the smooth progress of the cardholder's future loan.
3. Bear criminal responsibility: If the cardholder maliciously overdraws a certain amount for the purpose of illegal possession and fails to pay it back within the time limit, he shall also bear criminal responsibility.
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