The policy for overdue credit cards is as follows:

1. Liquidated damages replace late payment fees. After the implementation of the new credit card regulations, late payment fees arising from overdue payments will be replaced by liquidated damages, although the charging standards for both are the same. It is charged at 5% of the unpaid portion below the minimum repayment amount, but the penalty will prevent compound interest;

2. Credit card sentencing standards have been increased, and you may be held accountable for overdue credit card payments. Criminal liability, especially malicious overdraft of credit cards, constitutes credit card fraud, and you will be arrested and imprisoned. The new overdue credit card regulations will increase the sentencing standard from the previous 10,000 yuan to 50,000 yuan;

3. The minimum repayment amount may be less than 10%. After the new credit card regulations, the minimum repayment amount of the bank will be It may not be 10%, the specific amount is decided by the bank itself. At present, most banks still set the minimum repayment amount at 10%, and some set it at 5% or even lower;

4. Overdraft interest rates set upper and lower limits. In the past, credit cards that exceeded the interest-free period were based on the minimum repayment amount. Interest is calculated at a daily interest rate of 5/10,000, and the new rules set upper and lower limits for the overdraft interest rate. The upper limit is the daily interest rate of 5/10,000, and the lower limit is 0.7 times the daily interest rate of 5/10,000, which is generally between 0.035% and 0.05%. interval.

Legal basis: Article 196 of the "Criminal Law of the People's Republic of China"

The crime of credit card fraud involves one of the following circumstances: carrying out credit card fraud activities with a relatively large amount If the amount is huge or there are other serious circumstances, the sentence shall be not less than five years but not more than 10 years of fixed-term imprisonment and a fine of not less than 20,000 yuan but not more than 200,000 yuan. A fine of not more than 500,000 yuan; if the amount is particularly huge or there are other particularly serious circumstances, the sentence is to be not less than 10 years in prison or life imprisonment, and a fine of not less than 50,000 yuan but not more than 500,000 yuan, or property confiscation:

(1) Using a forged credit card, or using a credit card fraudulently obtained with false identification;

(2) Using an expired credit card;

(3) Using it fraudulently Others’ credit cards;

(4) Malicious overdrafts.

The term "malicious overdraft" as mentioned in the preceding paragraph refers to the cardholder's behavior of overdrafting beyond the prescribed limit or within the prescribed period for the purpose of illegal possession and failing to return the card after being called upon by the card-issuing bank.

Whoever steals a credit card and uses it for the crime of theft shall be convicted and punished in accordance with the provisions of Article 264 of this Law.