What will happen if you don’t even pay the minimum payment on your credit card for a month?

1. The bank credit card bank center will charge late fees and interest:

1. The late payment fee is calculated as 5% of the unpaid portion of the minimum repayment amount, with a minimum charge of RMB 10 or 1 US dollar

2. At the same time, the bank will also charge an interest of 5/10,000 per day on the entire bill. .

2. Impact on credit

1. Overdue within one month is considered overdue. As long as it is overdue, even once, it will be more difficult to increase the credit limit;

2. If you are overdue 3 times in a row or 6 times in total, you will have a bad credit record, and it will be difficult to get a loan or apply for a credit card in the future;

3. If you are overdue for more than a certain amount and time, the bank will freeze the credit card.

If you hold our credit card, the monthly bill settlement date and due payment date of our credit card are fixed. Late payment will incur late fees and interest, and will affect your personal credit. The customer's relevant credit information will be recorded in the personal credit database and become part of the credit record. The late payment fee is 5% of the unpaid portion of the minimum repayment amount, with a minimum charge of RMB10 yuan or USD1 yuan. Interest will be charged on all consumption in the current period starting from the recording date (usually the next day after consumption), with a daily interest rate of 0.5% until you pay it off in full. In order to avoid affecting your personal credit, it is recommended that you repay your bill on time. If it is not convenient to pay off the bill in full, please pay at least the minimum repayment amount on time.

If you have any other questions about China Merchants Bank’s credit cards, you can add credit card QQ corporate customer service (4008205555) or WeChat (China Merchants Bank Credit Card Center) for consultation. Thank you for your attention and support to China Merchants Bank! Will I be sued if I haven't even made the minimum payment on my credit card for a month?

I won't be sued for a month. If you keep putting off paying it back, they can sue you after 6 months.

What will happen if the minimum repayment amount on a credit card is not met for 3 consecutive months?

If the minimum repayment amount is not enough, it will be considered overdue. If it is not enough for one month, it will become overdue. The minimum repayment amount of a credit card is 10,000 yuan.

The minimum repayment amount is the minimum amount that needs to be repaid in the current month when using recycling credit. The minimum repayment amount is listed on the current bill.

The minimum repayment amount for each installment is calculated as follows:

The minimum repayment amount = 10% of all general transactions on the credit card account + 100% of all outstanding installment transactions in the account Period amount + 100% of the unpaid portion of the minimum payment amount of the previous period + 100% of all funds used in excess of the account credit limit + 100% of fees + 100% interest

As long as you follow the payment deadline before the due payment date Repaying the minimum amount of the bill will not incur late fees or affect your personal credit, but it will incur loopback interest. All consumption in the current period will be charged from the billing date (usually the next day after consumption) Interest, 0.5% per day, until you pay it all off. What will happen if you fail to pay off the minimum repayment amount of your credit card for two months?

If the repayment amount is not enough for the minimum repayment amount, it will reduce your personal credit after many times and affect your future loans (mortgage, car loan or repayment). apply for a credit card). If you pay more than the minimum payment amount every month on a Ping An Credit Card. Then nothing else was returned. Is that okay? Or just pay the minimum repayment amount

When repaying the minimum repayment amount, there are only two consequences:

1. The amount may not be raised in recent months. Success, because the bank doubts our ability to repay the loan

2. Interest will be charged, starting from the remaining balance, calculated from the day the card is swiped, at 50,000 per day

Personal credit report There will be no impact on reporting and no late fees will be charged. Can I still pay the minimum payment for two months after paying off the credit card in one month?

If it can be paid, it will be recorded on the next bill