First, overdue records will be reported to the credit reporting agency. As a large bank, China Merchants Bank must fulfill its credit obligation. The overdue records will be submitted to the Credit Information Center of China People's Bank, which will have a negative impact on your personal credit information report. Credit report is an important indicator to measure personal credit status. Once the overdue information is recorded, it will affect your future credit lending activities.
Second, overdue will lead to penalty interest and late payment. The overdue repayment of China Merchants Bank's credit card will charge corresponding penalty interest and late payment fee according to the overdue days and overdue amount. Penalty interest and late fee are extra expenses, and the longer the overdue period, the higher the expenses. If it is overdue continuously, the cost accumulation will be more significant and the repayment burden will increase.
Third, overdue will affect the credit rating and credit limit. China Merchants Bank may adjust its credit rating according to your credit performance. Overdue repayment will make the bank question your credit status, which may reduce your credit limit or terminate your credit card service, further affecting your daily consumption and capital use.
To sum up, the three-day overdue repayment of China Merchants Bank's credit card will bring multiple adverse effects. First of all, overdue records will be reported to the credit reporting agency, which will affect your credit reporting. Secondly, overdue will result in penalty interest and late payment fee, which will increase the repayment burden. Finally, overdue may lead to a decrease in credit level modulation and credit limit, and limit the use of your funds.
China Merchants Bank is one of the largest commercial banks in China, providing a wide range of financial services, including credit card issuance and personal credit. Banks are strict about overdue repayment, and bad credit records will have a long-term adverse impact on personal financial activities. Therefore, users are advised to pay back on time when using China Merchants Bank credit card to avoid overdue.
Note: The information mentioned in the above answer is of general impact, and the actual impact may be different due to personal circumstances or related policy changes. For specific questions, I suggest you consult the relevant customer service of China Merchants Bank or learn more about the regulations and policies of China Merchants Bank.