Under normal circumstances, credit cards generally have a three-day grace period for repayment, which means that the repayment can generally be postponed for three days on the day of credit card repayment. If the user repays within these three days, the bank will not regard it as overdue, will not charge liquidated damages and penalty interest, and will not affect the credit report.

What will happen if your credit card expires?

1. Usually after overdue payment, the bank will call, send text messages or send emails to remind you to pay within the specified time.

2. At the same time, certain interest, over-limit fees, etc. will be incurred after the due date.

3. There will be bad records on your credit record. If you take out a loan to buy a house or a car in the later period, it will be greatly affected. This is equivalent to the bank having terminated the agreement with both parties, and neither party is a trustworthy partner.

4. There may also be calls from collection companies and various collection methods.

5. The most serious thing is that if you receive a lawyer’s letter, you are very likely to face litigation and jail time.