1, the legal provisions of credit card liquidated damages are as follows:

(1) After the credit card fails to repay on time, the payment of liquidated damages is a loan contract relationship between the credit card holder, that is, the borrower and the loan bank, and the borrower shall repay the principal and interest within the time limit stipulated in the loan contract;

(2) If the loan is not repaid within the agreed time limit, the overdue interest shall be paid in accordance with the agreement or relevant state regulations. The charge standard of bank credit card penalty is generally 5% of the unpaid part of the minimum repayment amount, and the charge method is one-off.

2. Legal basis: Article 577 of the Civil Code of People's Republic of China (PRC).

If one party fails to perform the contractual obligations or fails to meet the contractual obligations, it shall be liable for breach of contract, such as continuing to perform, taking remedial measures or compensating for losses.

Article 582

If the performance is not in conformity with the agreement, it shall bear the liability for breach of contract in accordance with the agreement of the parties. If the liability for breach of contract is not stipulated or clearly stipulated and cannot be determined according to the provisions of Article 510 of this Law, the injured party may reasonably choose to require the other party to bear the liability for breach of contract such as repair, rework, replacement, return, price reduction or remuneration according to the nature of the subject matter and the size of the loss.

Second, does the penalty interest on credit cards affect credit reporting?

Credit card liquidated damages affect credit reporting. Only when the credit card is overdue will the bank charge a penalty. After the credit card is overdue, the bank will charge overdue penalty interest according to the number of overdue days. When the arrears are paid off, the overdue penalty interest will be returned together with the bill amount. If the penalty interest is not paid off, the user will still be considered overdue.