1. Interest and late fees: Banks usually charge interest and late fees according to the overdue amount and days. One day overdue, you may have to pay the corresponding fee.
2. Credit records are damaged: overdue credit cards will have a negative impact on personal credit records. The bank will report the overdue information to the credit bureau, which will lower your credit score.
3. High interest rate: Overdue will make the credit card provider adjust your interest rate. They may raise your interest rate to a higher level, thus increasing the cost of your future repayment.
Summary:
As long as the credit card is overdue for one day, it will bring a series of effects. In addition to paying interest and late fees, your credit record will also be hurt, which will affect your ability to borrow credit in the future. In addition, overdue may cause credit card providers to adjust your interest rate and increase your repayment pressure.
Extended data:
In addition to the impact of one day overdue, long-term overdue repayment may lead to more serious consequences. The longer the overdue time, the greater the impact on credit records and credit scores. The bank may take further measures, such as telephone collection, legal proceedings, and even transfer the arrears to a third party. Therefore, it is very important to repay the credit card arrears in time to avoid more serious consequences.