Depending on the number of periods, the bank will charge a handling fee according to a certain proportion. The more periods, the more fees. And it is generally impossible to cancel the staging. Even if the repayment is made in advance, there will be a handling fee. There is a rough calculation formula: annualized interest rate = monthly interest rate 0.56%* 12*2, so the annualized interest rate is basically higher than 12%.
In any case, credit card repayment is best not to be overdue, otherwise it will have an impact on your credit information and life.
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Consequences of overdue repayment of credit cards:
I. Reminder
Dunning means that if you don't deposit the repayment amount into your credit card account on the final repayment date stipulated by the bank, the bank will initiate dunning for you in various ways. There are usually telephones and letterhead telephones.
Second, overdue records.
If you don't deposit the repayment amount (or the minimum repayment amount) in the credit card bank on the final repayment date stipulated by the bank, your credit card will be counted as overdue and included in the personal credit information system, forming a credit stain. The overdue records of all banks are shared, so if you have been overdue in one bank continuously, don't expect other banks to use your credit card, including the application for mortgage and car loan in the future.
Third, legal punishment.
Failure to return the credit card within the time limit, if the circumstances are serious or the amount is large, will constitute criminal acts such as credit card fraud. According to the provisions of Article 196th of the Criminal Law, one of the following circumstances occurs:
Whoever commits credit card fraud in a relatively large amount 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 ten years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan or confiscated property.
According to Article 7 of the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks, credit cards refer to all kinds of media that record the relevant information of cardholders' accounts, have the functions of bank credit line and overdraft, and provide relevant banking services for cardholders.
The credit card stipulated in the relevant laws of our country (Interpretation of the Provisions of NPC Standing Committee on Credit Cards) refers to the electronic payment card issued by commercial banks or other financial institutions with all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc. 20 17 12 1, the English translation and writing standard for public services was formally implemented, and the English names of credit cards were specified.
Credit card consumption is a non-cash transaction payment method, and there is no need to pay cash when spending, and repayment is made on the billing day.