If automatic repayment is not set when using a credit card, it is easy to forget the repayment. What will happen if Ping An Bank forgets to repay the credit card?

what happens when Ping An Bank forgets to repay the credit card?

depending on the overdue time, it doesn't matter if you pay off within 3 days after the repayment date. After 3 days, you will be charged a penalty interest at the rate of .5 ‰ per day. Failure to pay back two days before the next bill date will affect your credit investigation. Ping An Bank provides cardholders with a maximum repayment grace period of 3 days. Paying off the bill within the grace period of 3 days is regarded as timely repayment, which will not affect the credit information and will not generate interest. If the repayment grace period exceeds 3 days, it will be regarded as overdue, and the overdue penalty interest will be charged, but it will not affect the personal credit information for the time being. If it is not repaid 2 days before the bill date next month, it will affect the personal credit information.

to sum up, the consequences of forgetting to repay Ping An Bank's credit card depend on the specific overdue time. If the credit card forgets to repay, you should pay off the debt as soon as you remember, so as to avoid more serious consequences. It is suggested to set up automatic repayment of the credit card by binding the savings card.