Credit cards are generally overdue for more than 3 months, and payment can be stopped by installments. Generally, banks are not allowed to apply for suspension of interest payments in about 1-2 months. Usually, the application is overdue for three months, and the probability of passing is high. Many people apply to stop their credit cards when they are overdue, fearing that they will be charged high interest and fines. "Stop paying interest" means to stop generating interest, keep accounts first and not pay back the money first.

How to calculate the overdue interest rate of credit cards?

Credit card overdue interest = consumption amount *0.05%* credit card overdue days, and the overdue days are calculated from the consumption date.

Overdue interest is compound interest, which is also called rolling interest. The interest will not stop until the borrower pays off all the balance.