Credit card arrears, but also the minimum amount, indicating that you are still paying. This situation will not affect your reputation, nor will it lower your limit. For example, the minimum repayment amount of 50,000 yuan is 5,000 yuan, and the remaining 45,000 yuan is repaid in installments, so it will only generate a handling fee. Generally, the handling fee of bank credit cards is 8%- 10%, which is relatively low, while the formalities of lending institutions are 24%-36%, which is relatively high.

1. What if the credit card only pays the minimum amount?

The minimum repayment amount is 65438+ 00% of all consumption+65438+00% of cash withdrawal transfer, and all interest and expenses during the billing period. For example, for the credit card of China Merchants Bank, as long as the payer repays within the specified repayment time and according to the minimum repayment amount in the billing cycle, there will be no late payment fee, and of course it will not affect your credit. However, the remaining repayment will generate five ten thousandths of daily interest from the next day until you pay off all the remaining amount.

Second, will the minimum monthly payment of credit cards have an impact?

Cardholders can also make monthly repayment according to the minimum repayment amount, which will not affect users. Only overdue repayment will have a negative impact on users' credit and quota. Undoubtedly, if the user fails to pay back within the time limit, the amount will be reduced first, and then the personal credit will also have a tainted record. Of course, it is impossible to borrow things in the future. It should be noted here that the repayment within the last repayment date is interest-free, and interest of five ten thousandths of the principal is charged every day for all overdue consumption funds.

3. What are the consequences of overdue credit cards?

Overdue repayment of credit cards will have these effects: 1. Failure to repay the credit card on time will result in liquidated damages, and interest will be charged at 5% for the unpaid part. 2. The longer the credit card is delayed, it will only generate interest and generate high interest. 3. The credit history of overdue repayment will be stained, and you can't buy a house within two years, and loan finance will not handle it. 4. If the overdue repayment exceeds 3 months and the amount exceeds 1 000, the bank will bear criminal responsibility for repeated collection without results.

Since you have applied for a credit card, you should repay it in time to avoid unnecessary trouble. Overdue repayment, credit, interest, loan, etc. It will have an impact, and if it is serious, it will bear legal responsibility. Therefore, to apply for a credit card, you still have to do what you can.