1. A bad credit record;

2. Interest: calculated at 50,000 per day;

3. Late payment fee: generally the minimum repayment amount Calculation of 5% of the unpaid portion (depending on the regulations of each bank);

3. Malicious credit card overdrafts may also face criminal penalties;

4. If you are blacklisted by the bank , you can no longer have a credit relationship with the bank within 5 years from the date of paying off the debt.

Your credit will not be greatly affected if you repay one or two days late, but overdraft interest will be charged. That is, two days of overdraft interest will be charged based on 50,000% of the overdraft amount.

A malicious overdraft will leave a bad credit record.

What is malicious overdraft?

It refers to the behavior of the cardholder who exceeds the prescribed limit or overdrafts within the prescribed period for the purpose of illegal possession, and still fails to return the money after being called by the card-issuing bank.

Under normal circumstances, malicious overdraft is a breach of contract, and you must bear the liability for breach of contract in accordance with the credit card application contract.

Malicious overdraft behavior includes two basic modes of behavior:

First, overdraft exceeding the prescribed limit, that is, exceeding the provisions of the credit card regulations or the overdraft allowed by the issuing bank.

The second is overdraft beyond the prescribed period, that is, the principal and interest are not repaid within the prescribed time.

Generally speaking, malicious credit card overdraft behavior will leave a bad credit record in the card-issuing bank and affect the cardholder's personal credit. Legal Basis

Article 196 of the Criminal Law of the People's Republic of China

Whoever commits credit card fraud in any of the following circumstances and the amount is relatively large shall be punished Whoever commits a crime shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan; if the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than 10 years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan. A fine of not less than 50,000 yuan but not more than 500,000 yuan, or confiscation of property:

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

(2) Using an expired credit card;

(3) Pretending to use another person’s credit card;

(4) Malicious overdraft.

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