According to Article 7 of the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks, credit cards refer to all kinds of media that record the relevant information of cardholders' accounts, have the functions of bank credit line and overdraft, and provide relevant banking services for cardholders.
Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.
The earliest credit card appeared at the end of 19. From 65438 to 1980s, the so-called credit card was developed in British clothing industry, followed by tourism and business departments. However, at that time, the card could only be used for short-term commercial credit, and the money had to be paid back as needed. There was no long-term default and no credit line.
Credit cards are generally plastic cards with a special carrier, with a length of 85.60 mm, a width of 53.98 mm and a thickness of1mm. The name of the card issuer, the expiration date, the number and the name of the cardholder are printed on the front, and the chip, magnetic stripe and signature strip are printed on the back. Cardholders can use credit cards to shop, spend money and deposit and withdraw cash from banks.
Overdue credit card refers to the failure of the credit card user to repay the loan he used on the repayment date stipulated by the bank. If the credit card is not returned within the time limit, it may affect the individual's credit investigation in the bank and adversely affect the future loan. Banks will also charge some interest on overdue payments.
Credit card involves credit investigation, so it's best not to overdue it. If the money is really overdue, you should pay back the money you owe immediately, and pay the late fee and interest. This is only one aspect, on the other hand, it depends on the length of overdue time. If it is only a day or two overdue, don't worry too much. Under normal circumstances, banks will set a grace period, and repayment within the grace period has no effect.
But if it is overdue for a long time, the bank will send a text message to remind me first, and then call me to collect it. If you still don't repay, the bank will call the contacts in the address book for collection, and the bank will report it to the credit information system, which will seriously affect the credit information. For those who owe money maliciously, the bank may even sue. Therefore, if the credit card is overdue, you must pay back the money as soon as possible and develop a good habit of using the card. Once the credit information is damaged, it is really necessary.