No, interest and penalties will accrue after the credit card is overdue.

First, understand the fee composition after the credit card is overdue. You can do the calculation first. What amounts will be incurred after a credit card is overdue? The first is interest. Generally speaking, the interest is 5/10000. There are also liquidated damages. The bank's liquidated damages setting is generally between 3.5-7 points. Take 100000 as an example. If you pay 100,000 yuan in full, the first month’s interest is 100000x0.0005x30=1500, which is your interest for one month. Then we calculate the liquidated damages based on 5 points, that is, 100000x0.05 =5000, which is your one The monthly penalty plus interest is 6,500 yuan, which does not include the higher penalty that some banks will set. After the due date, there will be heavy monthly fines, which will snowball if settled monthly. In terms of interest, can't we pay interest without paying interest? In addition, when you apply for a credit card, you have already signed a contract. Failure to repay the loan after the due date constitutes a unilateral breach of contract on your part. Therefore, from a legal perspective, you are unreasonable.

Secondly, if you feel that you will not repay the loan after it is overdue, just postpone it. When the bank feels that you are really unable to repay, you can only repay the principal. This is impossible. First, you have to bear the harassment of bank collection, second, you have to bear the stain of credit investigation, and finally, even if you can bear the above two points, you cannot bear the court. The new credit card regulations clearly stipulate that if the overdue amount exceeds 50,000 yuan, you may be subject to criminal liability and may be defined as credit card fraud. Well, the more you delay, the more the fine will be, and in the end it may even be more than the principal.

Third, if your credit card is overdue accidentally, you must not delay it. You should deal with it as soon as possible, otherwise, things will become more and more troublesome. If the bank does sue you, you won't even have a chance to negotiate. When you are overdue due to some circumstances, you must find a way to negotiate with the bank on how to repay. If negotiations fail, you can contact relevant lawyers for help, carry out debt planning, re-install payments, stop high penalties such as interest and liquidated damages, and avoid collection harassment.