The most taboo thing about using a credit card is overdue payment. Many cardholders often neglect to pay the annual fee when using a credit card, resulting in an overdue credit card. So what should I do if the annual credit card fee is overdue? What impact will it have?

What to do if the credit card annual fee is overdue

1. If the cardholder is overdue because he has not received the annual fee notice, he can explain the situation to the bank, request a reduction of the annual fee, and erase the annual fee. Remove bad records, and after verification by the bank, if the situation is true, annual fee reduction or exemption will generally be considered;

2. If the cardholder forgets to pay the annual fee, pay it immediately as soon as he discovers it, and actively apply to the bank. If the loan is overdue maliciously, the bank will usually issue a certificate of overdue annual fee, and it will have little impact on future credit business.

The impact of overdue credit card annual fees

1. Penalty interest

Failure to pay the annual fee on time will incur corresponding penalties, and the credit card annual fee is calculated annually. It is charged and paid annually, and the penalty will increase the longer the cardholder is overdue on the annual fee.

2. It is difficult to apply for bank credit

Under normal circumstances, the annual credit card fee will also appear in the cardholder's credit card bill. Failure to pay the annual fee will cause overdue payment. When an individual When the credit record is in the personal credit record, it will be more difficult for the cardholder to apply for other credit services.

3. Impact on the credit of credit card holders

According to the limit regulations of the China Banking Regulatory Commission, if the cardholder defaults on the credit card annual fee, the personal credit report will also be affected accordingly. The longer it is, the more serious the consequences will be.