(1) Credit cards generally have a grace period of three days after the repayment date, and repayment within the grace period is regarded as timely repayment;
1. If it is paid off in full, no cost will be incurred;
2. If the repayment amount is less than the minimum repayment amount stipulated by the bank, it will be deemed overdue, with interest of 0.05%, and the unpaid part of the minimum repayment amount will be subject to a 5% late fee;
3. If the repayment amount is greater than or equal to the minimum repayment amount and less than the full repayment amount, interest shall be paid at 0.05%;
(2) Repayment beyond the grace period is deemed overdue: interest is 0.05%, and there is a late fee.
Second, if the repayment is overdue, it will also be affected. The main impacts are as follows:
1. No longer enjoys interest-free repayment.
When the amount owed is small and the overdue time is short, the issuing bank will calculate the interest on a daily basis with the consumption amount as the principal, with the daily interest rate of 0.5 ‰ and compound interest on a monthly basis; For the unpaid part of the minimum repayment amount, a late fee of 5% will be charged every month.
2. Receive a reminder.
When the overdue time reaches a certain period, the bank will send relevant reminders. Because of ignorance, some people not only don't pay back, but also "run away" by changing their addresses and mobile phone contact information, so that banks can't contact themselves, thinking that they can't help. In fact, this practice is very wrong and absolutely unacceptable. When handling a credit card, your real name information has been recorded by the bank. Once you "run away", the bank will think that you are maliciously overdrawn and will call the police.
Third, it affects personal credit records.
If the overdue time is too long and the bank's reminder notice is ignored, the credit card account will be frozen by the issuing bank. The record of arrears may be fed back to the personal credit information system of the People's Bank of China, which will affect the cardholder's personal credit record and make it impossible for the cardholder to apply for a housing mortgage loan normally.
The severity of the impact is directly proportional to the severity of your overdue.
First, credit cards generally have a grace period of three days after the repayment date, and repayment within the grace period is regarded as timely repayment;
1. If it is paid off in full, no cost will be incurred;
2. If the repayment amount is less than the minimum repayment amount stipulated by the bank, it will be deemed overdue, with interest of 0.05%, and the unpaid part of the minimum repayment amount will be subject to a 5% late fee;
3. If the repayment amount is greater than or equal to the minimum repayment amount and less than the full repayment amount, interest shall be paid at 0.05%;
2. Repayment beyond the grace period is deemed overdue: interest is 0.05%, and there is a late fee. Overdue repayment will not only bring you serious property losses, but also affect your credit, so I suggest you not to be overdue, use your credit card reasonably and repay on time.