The grace period for repayment is 3 days. Credit card holders of six banks, including China Bank, China Everbright Bank, Ping An Bank, Hankou Bank, Huaxia Bank and China Construction Bank, can apply for a free repayment delay of up to 3 days by telephone.
Establish a time-limited repayment mechanism. First, member units are required to provide "time-tolerant service" for cardholders and provide cardholders with a certain period of repayment grace period, which is at least 3 days from the due repayment date; If the cardholder repays within the repayment grace period, it is deemed that the cardholder repays on time.
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Consequences of overdue credit card:
Pay the overdue fine of the credit card. If the cardholder fails to repay before the due repayment date (inclusive) or the repayment amount is lower than the minimum repayment amount, he shall pay the agreed late payment fee to the issuing bank according to the contract.
Generate overdue interest. After users overdraw with credit cards, there is generally an interest-free repayment period ranging from more than 20 days to more than 50 days. If this period is exceeded, the corresponding overdue interest will be paid.
Affect personal credit information. Credit card overdue repayment records will enter the central bank's credit information system to generate bad credit records, which will not only affect future mortgage and car loans, but also affect travel and employment.
Criminal responsibility. Those who constitute a credit card crime will face a fine of less than 5 years, more than 5 years, less than 10 years, or more than 10 years, from 20,000 yuan to 200,000 yuan, from 50,000 yuan to 500,000 yuan, or confiscation of property.