Why is the credit card payment still overdue? What should I do if my credit card has already been repaid but it still shows that it is overdue

Credit card repayments must be treated with caution, otherwise it may become overdue if you are not careful, and it is more difficult for people with overdue payments in the credit society. Today I will tell you about overdue credit card repayments. For example, why is the credit card repayment still overdue? What should I do if the credit card has already been repaid and it still shows that it is overdue? Let’s take a look.

Why is the credit card payment still overdue?

Generally, it refers to the fact that the repayment of the credit card is overdue. There are two reasons for this result:

One is that the repayment did not pay attention to the payment time, such as If the repayment is not received in time and the prescribed repayment period has passed, the bank will definitely treat it as overdue. In order to avoid this situation, either repay a few days in advance, or activate automatic repayment to ensure that there is enough money for deduction.

One is that the repayment amount is less than the minimum amount, especially when withdrawing cash. You should know that in the past, the minimum repayment of 10% for cash withdrawals was considered normal repayment, but now the full amount of cash withdrawals, including principal fees and interest, is included in the minimum repayment amount, and must be repaid in full at once.

What should I do if my credit card is overdue even though it has already been repaid?

Many people will encounter this situation. They pay off their credit card debt after it is overdue, and the credit check still shows that it is overdue. They find it incredible and think that since they have paid off the credit card, the bank should record the overdue amount. Just delete it.

But in fact, after the overdue debt is paid off, you have to wait 5 years before the overdue record can be eliminated. However, as long as the overdue circumstances are not very serious and there are no consecutive defaults within 2 years, and the bad credit has not been eliminated, you can apply for a credit card or loan. If your repayment ability is relatively stable, you have a chance to pass.

The above is the relevant introduction to "Why is the credit card repayment still overdue?" I hope it will be helpful to everyone.

Why credit cards are overdue? Analysis of the causes of credit card overdue

In the process of using credit cards, cardholders often overdue their repayments, but they do not know the specific reasons for the overdue payments. In fact, there are many reasons for credit card overdue, many of which are not caused by the cardholder’s subjective reasons. Let’s learn about it together to avoid being caught again in the future.

1. Not understanding the temporary quota

Many friends will apply for a temporary quota when they spend a large amount and the quota is not enough. However, because they do not understand some rules of the temporary quota, For example, according to the repayment regulations, it was thought that the temporary amount could be repaid in installments or the minimum repayment, but it turned out that this was not the case.

You must know that the temporary limit of a credit card must be repaid in one go, and cannot be repaid in installments or the minimum amount. Therefore, if you do not prepare enough money and have no way to borrow money, you can only watch the overdue payment affect your personal credit. , and regretted that the temporary quota should not have been used in the first place.

2. Failure to repay the annual fee in time

Credit cards will involve an annual fee. In addition to platinum cards, most banks’ gold cards can be charged based on the number of card swipes. Annual fee waived.

If the cardholder swipes enough times within the specified time, the annual fee will be deducted. However, if the annual fee is deducted without knowing it, he does not pay attention to the bill after it comes out, and does not repay it at the end. If you pay off the deducted debt on the same day, it will naturally be overdue, and once it is overdue, it will affect your personal credit.

It should be reminded that the annual fee deduction time of each bank is not consistent. It is recommended that after receiving the credit card, call the credit card service hotline of the card issuer to inquire about the annual fee related matters of the credit card you hold.

3. Automatic repayment and deduction failed

Some cardholders are afraid of forgetting the repayment time, so they will activate the automatic repayment function with their debit cards. However, they do not know that automatic repayment of credit cards is also Risky.

If the balance of the associated debit card is insufficient on the final repayment date, causing the deduction to fail, you can only manually deposit money to the credit card to repay. However, if the automatic deduction fails and you don't know it, you don't repay in time, or you repay but it doesn't arrive in your account immediately, it will also be overdue.

So even if you use automatic repayment, it is best to check in advance whether the balance of the associated account is sufficient. If the balance is insufficient, you should deposit enough money as soon as possible to ensure successful repayment.

Why is the credit card payment overdue? Pay attention to these details

We know that credit card payments will not be overdue only if they are paid on time, but there are also many cardholders who have clearly paid off the money, but are still overdue. This is mainly because they did not pay attention to some details, so they are overdue. It would be unfair to exceed the limit. Let’s take a look at it below.

Why is the credit card payment overdue?

1. If you hold too many cards, return the wrong card. Many friends have at least 5 credit cards in their hands. If they accidentally confuse the repayment time and repayment amount of each card, they will repay the money to be paid on this card to that card instead of what should be paid back. If you fail to repay your credit card, the result will definitely be overdue, which is unfair.

2. Over-reliance on automatic repayment. Many friends are afraid of forgetting to repay, so they simply link their credit card to a debit card and activate automatic repayment, thinking that the bank will automatically deduct the money when the payment is due and the repayment will not be overdue. But this method is not guaranteed to be foolproof. You have to make sure that there is enough money to debit the card. Otherwise, there will not be enough money for the bank to deduct, and it will also be overdue.

3. The temporary limit cannot be repaid in full. A temporary credit card limit can temporarily increase everyone's spending power, but if you use it, you must be clear about the repayment rules for this limit. Many banks include the entire temporary limit of the used credit card into the minimum repayment amount of the credit card bill for one period. If the full repayment cannot be achieved, the payment will still be overdue due to insufficient repayment amount.

4. The excess limit cannot be paid off in full. In fact, it is the same as temporary limit repayment. Some banks provide over-limit services by default. You can also use transactions to max out your credit card, because if you use the over-limit limit, you must repay in full, and you cannot make installments or minimum payments. Otherwise it will be overdue.

Why are credit card payments overdue when paid on time? Probably because of these tricks!

Credit cards are easy to use and repayment cannot be ignored. If you accidentally cause an overdue payment, you will be in big trouble. However, many cardholders have reported that they clearly repaid the loan on time, so why is it still overdue? It's a bit strange to say this. What are the circumstances that will cause our repayment to be successful or not to be repaid on time? Let me explain it to you here.

1. Enjoy the maximum card limit

The credit card limit of the same bank is guaranteed, but the repayments must be separated. If you repay all the money to one In one credit card, another card will become overdue.

2. Holiday repayment

Although there are no requirements for bank repayment time, if you repay during holidays, you may encounter changes in the bank's settlement time, which may be delayed. The account has arrived.

3. Inter-bank repayment

If inter-bank transfer is used for repayment, and the amount is large, due to the different processing time of the two banks, it may cause the account to arrive Time delay, resulting in overdue.

4. Refund ≠ Repayment

If there is a refund when using a credit card, the refund after the billing date cannot be deducted from the repayment amount of the current month. It needs to be in accordance with the Repay the amount on the bill.

5. Temporary limit repayment

If you apply for a credit card temporary limit, it needs to be paid off in one go when it expires. Minimum repayment or partial repayment is not supported, otherwise it will Cause overdue.

Why do credit cards become overdue even if they are paid on time? What should you pay attention to when repaying credit cards?

Credit card payment has become the main way people use for consumption transactions in their lives today. Many people will first use credit cards to overdraft consumption, and then repay the credit cards. When paying off your credit card, be sure to avoid overdue payments. However, sometimes it happens that a loan is overdue despite being repaid on time. So, why do credit card payments go overdue when paid on time? What should you pay attention to when repaying credit cards?

Why do credit cards become overdue even if they are paid on time?

1. Failure to pay the minimum repayment amount

If you repay your credit card on time, it will definitely not be overdue. The bank will stipulate the minimum payment amount for the month based on your monthly bill. Repayment amount: Only when your repayment amount reaches the minimum repayment amount stipulated by the bank, your credit card will not be considered overdue.

2. Use third-party platforms or inter-bank transfers to repay.

Many people now repay credit cards, and most of them use third-party repayment platforms or inter-bank transfers to repay. One disadvantage of these two methods of payment is that the arrival time cannot be determined.

So maybe you used these two methods to complete the repayment within the specified repayment period, but the payment time is after the repayment period, which will cause the credit card to become overdue.

3. Repayment during holidays

When we repay credit cards, we sometimes encounter holidays. If we repay credit cards during holidays, the payment time is often It will be delayed. If the delay exceeds the repayment period, it will cause the credit card to become overdue.

What should you pay attention to when repaying credit cards?

1. Pay attention to the minimum monthly payment

Because the minimum payment of a credit card is based on the total amount of the current bill, the minimum monthly payment is Amounts may vary. Therefore, when you repay your credit card, you must pay attention to the statement sent by the bank to understand the amount you should repay this month and the minimum repayment amount, so as to avoid overdue credit card due to insufficient repayment.

2. Don’t pay off the loan on the last day

When some people pay off their credit card, they always like to pay off the credit card on the last day. This can easily cause problems with the payment of the credit card. causing the credit card to expire. Therefore, when you repay your credit card, it is better to repay it a few days in advance to avoid overdue payment.

The above is the answer to "Why are credit card payments overdue even if they are repaid on time? What aspects should be paid attention to when repaying credit cards?" If your credit card repayment is on time but overdue, you can check to see if it is caused by the above reasons. If not, it is best to call the bank to confirm the situation and avoid going to the credit bureau.

This is the end of the introduction on why credit cards are always overdue and what are the consequences of overdue loans and credit cards. I wonder if you found the information you need?