Legal analysis: 1. High interest and late payment fees

Cardholders who do not repay their credit card will no longer enjoy the credit card interest-free period, and will be charged 10,000 yuan per day starting from the day of consumption. Five-quarters of interest, compounded monthly. A debt of tens of thousands of yuan will accrue thousands of yuan in interest within a few days. The longer the period, the higher the interest.

If the credit card interest-free period is exceeded and the payment is not made in time, the bank will charge the credit card holder a late payment fee. The ratio is 5% of the unpaid portion of the minimum repayment amount. After a certain period of time, the bank will charge the card holder a late payment fee. Charge higher penalties.

2. Personal credit stains

As long as you have applied for a credit card or a loan, you will know how important your personal credit record is. It will be difficult to apply for a credit card. This is not the most troublesome thing. The worst thing is that if you want to buy a house in the future and your credit is stained, the loan amount of the mortgage will be smaller than others, and the interest rate will be higher than others. If the application is seriously overdue, Even if you want to pay more interest rates, the bank will not lend to you.

3. Credit card suspended

If the credit card is not repaid, the bank will take back the revolving credit granted to the cardholder, and the credit card will be suspended. For repeated repayment arrears or long-term arrears of large amounts, the bank will consider the cardholder to have a higher risk of repayment, and will stop using the credit card and recover the arrears from the cardholder. This will cause the bank to encounter problems. If the credit card debt is still not repaid after collection, the bank may apply to auction the cardholder's other fixed assets.

4. Malicious debts will be punished

If the credit card debt is not repaid for more than three months, it will be regarded as a malicious overdraft, and the bank can initiate judicial proceedings. my country's criminal law stipulates that if a credit card overdraft exceeds 50,000 yuan, the debt is in arrears for more than 3 months, and the bank refuses to repay after three or more reminders, the judicial authorities will take corresponding measures (criminal detention for less than 50,000 yuan).

Legal basis: "Decision on Amending the Interpretation on Several Issues Concerning the Specific Application of Law in Handling Criminal Cases Obstructing the Management of Credit Cards" Article 8 Malicious overdraft, the amount is more than 50,000 yuan but less than 500,000 yuan , should be determined as a "large amount" as stipulated in Article 196 of the Criminal Law; if the amount is more than 500,000 yuan but less than 5 million yuan, it should be determined as a "huge amount" as stipulated in Article 196 of the Criminal Law "; If the amount is more than five million yuan, it should be deemed as an "especially huge amount" as stipulated in Article 196 of the Criminal Law.