1. The liquidated damages are generally the minimum repayment amount, that is, 5% of the unpaid part.

2, the interest rate is high, and it is rolling interest. When there are many debts, the interest rate is scary.

3. Overdue will tarnish the credit record, resulting in the inability to handle financial needs such as buying a house and lending in the next two years.

4. The overdue payment is more than 3 months, and the amount exceeds 1 000 yuan, and the bank has repeatedly failed to make dunning. At that time, you will not only pay back the money, but also bear criminal responsibility.

When the actual repayment amount of the credit card is lower than the minimum repayment amount on the due repayment date, 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 is not the same.

Therefore, cardholders with a large overdraft during the Spring Festival holiday must bear in mind the last repayment date after receiving the bill and try to pay off all expenses before the due repayment date. If you really can't afford to pay, apply for installment repayment as soon as possible or adopt the minimum repayment method to avoid being penalized by the bank.

Baidu encyclopedia-credit card