Is it serious to be overdue on a credit card once?

As long as you pay off the credit card in time and pay some interest, you will be fine. Don’t worry too much, but long-term overdue credit will also affect the user’s credit. The bank also has to pay penalty interest when handling other loan businesses.

Credit cards generally have a grace period of three days after the repayment date. If the cardholder repays the loan within the grace period, it will be deemed to have been repaid on time. If the cardholder can repay the loan in full, no charges will be incurred. If the cardholder only pays off the minimum repayment amount, it is not considered an overdue repayment, but he can no longer enjoy the interest-free period, and the interest rate is calculated at 0.05/day.

If the cardholder fails to repay even the minimum repayment amount, it will be regarded as overdue repayment, and the bank will charge interest at a daily interest rate of 0.5% from the date of consumption. In addition, the bank will also charge a late payment fee, which is generally 5% of the unpaid amount. The specific calculation formula is: late payment fee = (minimum repayment amount-amount repaid as of the due payment date) × 5, There are minimum and maximum limits.

Extended information

The nature and severity of credit card overdue is mainly considered from the amount and time. If it is just one overdue, it is not a vicious operation. The amount is fixed, then it is Let’s analyze it over time.

Generally, banks require repayers to repay on the specified repayment date. They will receive at least one mobile text message reminder for repayment in the month, and the mobile APP will also remind them multiple times when the repayment period is approaching. It is usually divided into three levels within 90 days after the overdue date, and 30 days is used as a standard to analyze the creditworthiness of the repayer. Obviously, if you do not repay for more than 30 days, that is, you know that there is a debt and do not repay it, which belongs to It’s malicious in nature. If you haven’t repaid the loan after 2 months, it’s intentional non-repayment.

If it is only a few days overdue, quickly call the credit card customer service for consultation, because the bank is quite user-friendly and usually has a grace period of 1 to 7 days, during which the cardholder will be given a " Opportunity", as long as the personal credit report is not reported, timely repayment will not leave a stain on the credit report.

Baidu Encyclopedia - Credit Card Repayment [img]

The consequences of accidentally overdue a credit card

1. Bank collection. After the cardholder is overdue, the bank will call the credit card user and contact person for collection. The general collection methods are phone calls and text messages. For large amounts of debt, the bank may also come to collect collection. Frequent collections may have a certain impact on the normal life of credit card users.

2. Penalty interest. When a credit card is overdue, the bank will impose penalty interest on the cardholder, and fortunately, charge overdue fees to credit card users. The longer the time goes by, the more overdue interest will be generated.

3. Leave a bad record on personal credit. Overdue credit cards will be subject to a credit report. Once an overdue record is left in the cardholder's personal credit report, subsequent credit business transactions may be affected to a certain extent.

4. By the bank. For cases where the overdue amount is large and the time is long, the bank may pursue legal means to recover the arrears. If the cardholder's overdue amount reaches 50,000 yuan and the cardholder has not repaid the loan for more than 3 months after two bank collections, , then the credit card user's behavior reaches the bank's criminal standards. Once the bank is released, the cardholder may bear criminal liability for suspected credit card crimes.

5. Daily consumption and travel are restricted. If the cardholder refuses to repay the loan after being judged by the bank, he will not only bear criminal liability, but will also be included in the list of dishonest persons subject to enforcement, that is, the list of "Lao Lai". Once he becomes a Lao Lai, he will not only be liable in the future If you are unable to apply for credit business, even daily consumption will be affected, such as purchasing airplanes, high-speed rail tickets, boat tickets, staying in hotels, and traveling, etc. will be restricted.

What will happen if the credit card is overdue once?

1. Liquidated damages will be incurred, which is usually 5% of the minimum repayment amount and the unpaid part.

2. The interest is high, and the interest is compounded. The interest rate is very scary when the debt is large.

3. Overdue credit records will be stained, resulting in the inability to handle financial needs such as house purchases and loans within the next two years.

4. If the payment is overdue for more than 3 months, and the amount exceeds RMB 10,000, and the bank has failed to pay multiple reminders, you will not only have to bear the repayment, but may also bear criminal liability.

Extended information

Repayment methods

1. In the card issuing bank

This method includes: card issuing bank counter, ATM, online banking, Automatic transfer, telephone banking repayment, etc. After repayment, the credit card limit will be restored immediately, and the payment will generally be credited to the account after the system processes it on the same day.

2. Weiyintong POS mobile phone

Weiyintong POS mobile phone is a mobile financial system personal payment terminal, which can be used to directly swipe credit cards for repayment, as well as transfer and other services. . Instant payment!

3. Transfer/remittance repayment

It is mainly divided into two methods: inter-bank in the same city and inter-bank in different places. Regardless of the method of transfer or remittance, the remittance bank will charge a certain fee. At the same time, the time it takes for the money to arrive and the convenience of repayment are not as good as intra-peer repayment, online repayment, convenience store repayment and other methods.

4. Online repayment

The more common online platforms in China include: UnionPay Online, Kuaiqian, Shengfutong, Alipay, Tenpay, etc. Depending on the platform and bank you choose, the charging standards and specific payment arrival time will be different.

5. Convenience store repayment

This method mainly completes repayment through the "Lakala" smart payment terminal installed in the convenience store. It usually takes 2~ 3 working days, and there is no handling fee for repayment using this method.

6. Over-the-counter repayment

Over-the-counter payment refers to the bank cards issued by various networked financial institutions, which can be paid through the counters of other bank branches registered in the UnionPay Exchange Center host system. Conduct RMB current deposit and withdrawal transactions.

7. Xinpaytong repayment

The "Xinpaytong" smart card swiping phone was independently developed by China UnionPay, certified by the Bank Card Testing Center, and approved by the China UnionPay inter-bank information exchange network Providing innovative electronic products supported by financial services.

8. Repayment Tong

Use "Repayment Tong" to make repayments. The fees are generally charged according to the fee standards for intra-city inter-bank transfers and long-distance inter-bank remittances stipulated by the local People's Bank of China.

9. Other methods

In addition to the methods mentioned above, card issuers have also opened their own unique repayment methods to facilitate cardholders' repayment.

Baidu Encyclopedia - Credit Card

That’s it for the introduction of one overdue credit card.