Credit card overdue:
1. If it is a quasi-credit card, the longest overdraft period is 60 days. If it is not returned for more than 60 days, it shall be deemed as overdue;
2. If it is a credit card, if the minimum repayment amount is not repaid before the due repayment date (inclusive), it will be considered overdue, and corresponding liquidated damages will be generated in addition to interest (liquidated damages = unpaid part of the minimum repayment amount ×5%).
1. The consequences of overdue credit cards are as follows:
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.
The advantage of credit card is that you can make ordinary consumption without cash in the card, as long as the consumption amount is returned on schedule.
Second, the benefits of credit cards:
1. You can spend without deposit overdraft and enjoy an interest-free period of 20-56 days.
2. When shopping, there are points to give away.
3. Special merchants who hold cards in banks can enjoy preferential treatment.
4, the accumulation of personal credit, credit records can be supplemented.
5. You can withdraw money or spend money by credit card on ATM and POS machines with UnionPay logo.
6. Some credit cards accept existing points.
7. Mail the statement free of charge every month.
8. Supplementary card function, you can manage your finances together and master your child's financial expenses.
9. In the form of one card and two coins, you can repay in RMB for consumption abroad.
10, 24-hour service hotline, loss reporting takes effect immediately.
1 1. Cooperate with third-party platforms to provide preferential services for cardholders.
Third, the disadvantages of credit cards:
1. Credit cards can easily lead to excessive consumption.
The annual interest rate of credit card is very high.
3. Credit card debt will bring mental stress.
4. If the credit is not good, the cost of borrowing money is higher, or even you can't borrow money.
5. Credit cards can lead to out-of-control debts.
6. Emergency financing can easily become long-term debt.