Freezing caused by overdue is basically unfrozen. Even if the debt has been paid off, you can only cancel your credit card at this time because you have been listed as a prohibited customer by the bank. The bad records of the Credit Information Center of the People's Bank of China will be deleted after five years, which cannot be deleted artificially and will not be overwritten.

Consequences of overdue credit card:

1. Penalty interest

If the credit card is overdue, there will be a penalty interest, full interest, and the daily interest rate will be five ten thousandths. For example, if your credit card is overdue for 5,000 yuan and the overdue days are 30 days, then the penalty interest is 5,000× 0.05 %× 30 = 75 yuan.

In addition, in addition to interest, there will be liquidated damages after the deadline, and the charging standards for liquidated damages of different banks are different. Generally speaking, most banks charge a penalty of 5% of the minimum unpaid amount.

2. Bad credit information

We know that overdue is an act of dishonesty. Once the credit card is overdue, the bank will report the overdue record to the central bank's personal credit report, and the overdue record will be kept in the personal credit report for five years. During this period, applying for a bank loan may encounter high interest rate and small amount, and even the loan application is directly rejected by the bank.

In addition, for those who are particularly overdue, their travel will also be affected. They can't spend money on planes, high-speed trains, hotels and mobile phones, and their children can't go to key schools, so it's hard to break their word.

take the rap

We know that credit card arrears are protected by law. If the cardholder maliciously overdraws and fails to pay it back within the time limit, it will be suspected of credit card fraud, and will be punished by law and face jail.

The punishment depends on the overdue situation. The more serious the circumstances, the heavier the punishment. Those who are seriously overdue may even be sentenced to life imprisonment.

4. The credit card amount is reduced or frozen.

In order to reduce losses, banks generally reduce the credit card limit of cardholders, or even directly seal the cards. Once the credit card limit is reduced or blocked, it is difficult to withdraw cash or unblock it.

Legal basis: Article 103 of the Civil Procedure Law of People's Republic of China (PRC). Property preservation shall be sealed up, detained, frozen or by other means prescribed by law. After the people's court has preserved the property, it shall immediately notify the person whose property has been preserved. Property that has been sealed up or frozen shall not be sealed up or frozen again.