Specific instructions are as follows:
1. After the credit card is overdue, the cardholder can choose full repayment or minimum repayment. Full repayment means paying off all consumption and withdrawing cash within the billing period. The minimum repayment amount refers to the minimum amount that the credit card bank requires the cardholder to repay at least within the specified time.
2. If the minimum repayment amount is selected, the cardholder only needs to repay this fixed amount on time and will not be considered overdue. However, if the cardholder only makes the minimum repayment, the remaining unpaid amount will be accumulated in the next billing cycle, resulting in high interest charges. This means that cardholders need to continue to pay high interest fees, and the time required to pay off debts will be greatly extended.
3. If the cardholder fails to repay in full or at the minimum amount on time, it shall be deemed as overdue. Overdue credit records may be damaged, affecting personal credit scores, and credit card banks may charge overdue interest and fines.
In short, it is not necessary to repay the credit card in full after it is overdue, but it is recommended to avoid making only the minimum repayment as much as possible. If you are worried about the overdue and repayment of credit cards, it is recommended to use Eagle Heart to check the big data of credit information and learn more about credit cards and personal credit status, so as to better manage the use and repayment of credit cards.
Supplementary information:
Credit card is a kind of consumption voucher and payment tool provided by banks. Cardholders can consume interest-free credit within a certain period of time, and then repay it on time according to the repayment regulations. Overdue repayment may affect personal credit records and have a negative impact on personal credit scores. Therefore, timely repayment is one of the things that credit card users should pay attention to. If you do encounter difficulties and cannot repay in full and on time, it is recommended to contact the credit card bank and explain the situation, and try to reach an agreed repayment arrangement through negotiation to avoid the adverse consequences caused by overdue.
The above answers are based on the common usage of credit cards, subject to credit card banking policies and personal credit card contracts. If necessary, it is recommended to consult credit card banks or legal professionals to obtain more accurate and detailed legal and contract explanations.