1. Late payment for credit card;

The so-called credit card late payment fee means that the cardholder has to pay a late payment fee for the unpaid part of the minimum repayment amount when the actual repayment amount on the due repayment date of the credit card is lower than the minimum repayment amount. The proportion of late payment fees is generally 5% of the unpaid part of the minimum repayment amount, but the proportion of late payment fees varies from bank to bank.

the calculation basis of credit card late payment fee is the minimum repayment amount. The formula is as follows: minimum repayment amount = 1% of the consumption amount (within the credit limit) +1% of the withdrawal amount +1% of the unpaid portion of the previous minimum repayment amount +1% of the consumption amount exceeding the credit limit+1% of the expenses and interest+the payable portion of the installment repayment period (divided into interest-bearing and interest-free types).

2. overdue interest;

At present, the overdue interest of credit cards is calculated on a daily basis, with the interest rate of .5%, and the date of interest calculation is calculated from the second day of using credit cards. For example, if you spend 2, yuan with a credit card on the 1th and the repayment date is 28th, then the interest will be calculated on the 11th. If you don't pay back the money until the 5th of next month, the overdue interest will be 2X.5X26=26 yuan. This is just overdue interest, in fact, we have to pay a certain amount of late fees.

3. generate bad credit records;

overdue repayment of credit cards will also lead to bad credit records. Generally, it is

1) sixty days overdue is included in personal credit information;

2) The overdue period of 9 days is counted as bad personal credit information;

3) if the payment is overdue for more than 9 days, the bank will no longer collect the arrears and bring a lawsuit to the court. Bad credit records can generally be eliminated after 5 years, and serious ones can only be eliminated after 1 years or even blacklisted forever. The key is that during the bad credit period, not only can you not borrow money, but you will be restricted from going abroad, and even buying train tickets and plane tickets will be restricted.

4. Litigation costs

The bank will take you to court, and the litigation costs incurred during this period will also be borne by the credit card holder.

5. Those who maliciously overdraw may even face criminal responsibility.

Some people say that they simply take the money and emigrate abroad after the malicious overdraft, so that they can enjoy certain immunity. Don't dream, immunity is only for diplomats or personnel of international organizations of the United Nations, and even for these people, it is generally only civil immunity, and criminal immunity is not easy. For malicious overdraft, the punishment provided by the Criminal Law is very serious.

Article 196 of the Criminal Law stipulates that those who engage in credit card fraud activities with a large amount shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 2, yuan but not more than 2, yuan; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 5 years and not more than 1 years, and shall be fined not less than 5, yuan but not more than 5, yuan; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 1 years or life imprisonment, and shall also be fined not less than 5, yuan but not more than 5, yuan or confiscated property.