Repay in full before the final repayment date, without interest and without affecting the credit history; If the repayment is made according to the minimum amount before the final repayment date, interest will be charged, and the credit history will not be affected; If the minimum repayment amount is not enough, not only interest will be charged, but also late fees will be charged, which will affect the credit record.
Extended data:
Credit card overdraft is a short-term overdraft given by the credit card issuer to the cardholder within the prescribed limit when shopping with the card. For credit cards, it is allowed to "consume first, then repay", and overdraft is an important feature.
For debit cards, it should be "deposit first, then spend", but on the premise that it is recognized as goodwill overdraft and repayment is guaranteed, the cardholder is also allowed to overdraw an appropriate amount in a short time when the money is urgently needed. Overdraft interest is generally much higher than bank loans in the same period, and card issuers also have a set of measures to prevent and recover overdraft risk losses.
Overdraft classification:
Credit card goodwill overdraft:
Refers to when the credit card holder has insufficient funds or no funds in the account of the issuing bank, according to the credit card regulations of the issuing bank or with the approval of the issuing bank, the part exceeding the balance of funds in his credit card account is withdrawn and the principal and interest are returned within the specified time.
Goodwill overdraft must meet the following two basic conditions:
(1) is within the limit stipulated in the credit card articles of association of the issuing bank or authorized by the issuing bank. According to the relevant provisions of the credit card regulations of major domestic commercial banks, according to different types of credit cards, the overdraft limit is generally 1 1,000 yuan, 5,000 yuan and 1 1,000 yuan.
(2) Return the principal and interest within the specified time. China's commercial banks stipulate that the term of repayment of principal and interest is 1 month. Credit card overdraft in good faith is essentially that the cardholder borrows money from the issuing bank, and the issuing bank provides credit services to the cardholder, which is a legal act and naturally does not constitute a crime.
Credit card malicious overdraft:
Malicious overdraft of credit card refers to the behavior that the cardholder overdraws beyond the prescribed limit or term for the purpose of illegal possession, and refuses to return it after being urged by the issuing bank. Under normal circumstances, malicious overdraft is a breach of contract, and you need to bear the liability for breach of contract according to the credit card collection contract.
Malicious overdraft behavior includes two basic behaviors: first, overdraft exceeding the prescribed limit, that is, overdraft exceeding the provisions of the credit card charter or the permission of the issuing bank. Second, the overdraft exceeds the prescribed time limit, that is, the principal and interest are not returned within the prescribed time. Generally speaking, malicious overdraft of credit cards will leave a bad credit record in the issuing bank, which will affect the personal credit of cardholders.
References:
Baidu encyclopedia-credit card overdraft