Penalty interest has already accrued after the credit card is overdue for 7 days. At this time, it is necessary to pay back in time to avoid the penalty interest from continuing to occur; at the same time, the repayment of the credit card overdue for 7 days will be uploaded to the credit reporting center. After becoming non-performing, it will affect the processing of various loans, such as car loans or credit loans. Therefore, in order to avoid the impact of overdue credit cards, you must not make late payments.

If the credit card is overdue for 7 days and continues to not be repaid, the bank will collect it. A common method of collection is to call the cardholder. If the credit card is not repaid for a long time, the credit card will be closed and cannot be used anymore. At the same time, the bank will sue the cardholder, and the cardholder must return it on time after a court decision, otherwise it will be enforced.

If you cannot repay your credit card on time after using it, you can consider repaying it in installments. However, when using installment repayment, you must meet the conditions stipulated by the bank, such as the minimum consumption limit. When using installment repayment, you can choose the number of installments based on your income, so that you can ensure that subsequent repayments will not be overdue.

In addition to using installment repayment, you can also use the minimum repayment amount of a credit card. The minimum repayment amount is calculated by the formula: minimum repayment amount = 100% of the unpaid portion of the minimum repayment amount of the previous period + 100% annual fee + 100% of the current installment principal, handling fees and the resulting interest + 100% cash withdrawal (including principal, fees, and interest) + 100% of the excess consumption principal + 10% of the consumption principal (fees include liquidated damages, interest, and loss reports) fee, damage repair fee, over-limit fee, etc.) + 10% fee (excluding annual fee).

It is worth noting that the consumption of principal and interest bills after the minimum repayment amount of the credit card has been used will not enjoy the interest-free period. Interest will be calculated from the date of consumption. At this time, the interest paid will be more. This kind of repayment Payment methods should be used with caution.

Finally, in order to avoid being unable to repay on time after using a credit card, it is best for users to measure their repayment ability in advance before using a credit card and know what aspects of income to use for repayment. Usually, you can use it with confidence when your personal income is relatively large; if your personal income is not very large, you should be careful when using credit cards for consumption.