1. What to do if a penalty is deducted from your credit card?

After a penalty is deducted for a credit card that is overdue for one day, customers who have the ability to repay should hurry up and settle their debts. Pay off the money. Although liquidated damages are charged once at 5% of the unpaid portion of the minimum repayment amount, after the credit card is overdue, interest will also be charged, and it will be charged every day until the cardholder pays it off in full. And not only will interest be accrued on the overdue portion from the overdue date, but since overdue transactions cannot enjoy the interest-free period, overdraft interest will also be accrued on transaction amounts that do not meet the interest-free conditions from the date of recording.

Therefore, if the cardholder does not pay off the debt as soon as possible, the longer the overdue period is, the more interest will be charged. Coupled with liquidated damages, more and more payments will be made. Payment pressure will also increase.

If the cardholder does not have the repayment ability and cannot pay off the debt within a short period of time, the cardholder will have no choice but to contact ICBC to negotiate for a deferral of repayment. Everyone should develop a good habit of repaying on time. When using a card, you should also consider your repayment ability to avoid overpayment due to excessive consumption. You should know that if a credit card is charged liquidated damages twice in a row, ICBC has the right to stop the use of the card.

2. What to do if the credit card has expired

1. It is best to continue to use this card.

After it expires, the best way is to continue to use this card. For a card, the original negative record will be overwritten with a new normal repayment record. Generally, a new credit record will be generated after 24 months, so that personal credit, etc. will not be affected after the record is refreshed.

2. Don’t run away.

If you are overdue for a long time, your credit card will charge compound interest and there will be high late payment fees. If you run away, the bank will consider the overdraft to be malicious and will call the police.

3. Inability to repay must be explained in time

If you are unable to repay on time due to unemployment or illness, state your financial situation before the final repayment deadline and declare that you are not malicious If you owe money, you can apply for delayed repayment and interest discounts.

4. It is best to repay in full and explain

If you forget to repay due to usual carelessness, and you find that it is overdue, you must repay in full as soon as possible, preferably in full. , because after full repayment, you have the best chance of winning if you call the bank to explain that the debt is not malicious and request to eliminate the overdue record.

The card holder must return the credit card in time after using the credit card. Once the repayment limit is exceeded, it is considered overdue. Not only will the personal overdue information be uploaded to the central bank's credit reporting system, but also a high fee will be required. The longer the overdue period is, the more liquidated damages and interest will be incurred. Therefore, the card holder must pay off the debt as soon as possible if it is overdue.