After the final payment date of a credit card, there is usually a 3-day grace period. There will be no problem in paying it back at this time. It's hard to tell beyond this time, as each bank is different. Generally, there will be no problem if you pay back the money in time after receiving this text message. After you have paid off, you should ignore the text message when you receive it. In daily use, at least ensure that the minimum repayment amount is paid on the final repayment date. The following is a detailed analysis of this issue:
1. But when you need to take out a loan, you will find that occasional expectations will cause you considerable trouble, such as rising interest rates, reduced limits, or even to collective rejection of loans. Even if you don't take out a loan, it will affect the increase in all your credit accounts. According to the "Credit Reporting Industry Management Regulations", if a bank customer has a bad credit record such as overdue loan, banks and other lending institutions have the obligation to notify the bad credit information in advance before uploading the bad credit information to the credit reporting system.
2. According to the "Credit Industry Management Regulations", your credit card credit records must be truthfully reported to the People's Bank of China's basic financial credit information database every month. To avoid affecting your credit record, please arrange repayment as soon as possible. According to regulatory requirements, if your personal and credit problems arise due to debt arrears, our bank must truthfully submit your personal credit information to the basic financial credit information database in accordance with the relevant provisions of the "Regulations on the Administration of Credit Reporting Industry" of the State Council. For the overdue information caused by your failure to repay the loan in full and on time, our bank has provided it to the People's Bank of China's basic financial credit information database and other legally established credit reporting agencies in accordance with the law.
3. Banks only send notification text messages after the final repayment date. Many banks have a grace period ranging from 1 to 3 days after the repayment date expires. During the grace period, if the customer receives an overdue notification text message and pays off the debt immediately, then the overdue record will not be reported to the credit reporting system, which means there is still room for rescue. Of course, the specific circumstances stipulated by each bank are different. For some banks, if a customer receives a text message notifying them of bad information, it means that the bad information has been reported to the credit reporting system or will be reported soon, and there is no room for recovery. Just letting customers know.
1. The minimum repayment amount refers to the minimum amount that needs to be repaid by a credit card every month, which is shown on the credit card statement for that month. If you cannot repay it all at once, you can repay the minimum payment amount on time before the final payment date, which will not affect your personal credit.
2. However, you cannot enjoy the interest-free repayment period. All consumption in the current period will accrue interest from the accounting date, with a daily interest rate of 0.5%. (If you repay in full and on time, you can enjoy the interest-free period if you use your card to make purchases)