actually, what I want to say is that credit cards should never be overdue. If your credit card is overdue, it is recommended to repay it as soon as possible.
1. If the credit card is overdue, there will be a high penalty interest and late payment fee. After the credit card is overdue, HC, the issuing bank, will calculate the daily interest with the consumption amount as the principal and compound interest on a monthly basis. If the minimum repayment amount is not paid back, the bank will also charge a late payment fee of 5%.
2. After the credit card is overdue, the overdue record trophy will be fed back to the credit information system of the People's Bank of China, which will affect your personal credit information record and your loan amount and interest rate in the later period. Of course, the loan demand for helping you may also be rejected.
3. If the credit card is overdue seriously, it may also constitute a crime. After it is overdue, not only can it not be loaned, but it is also likely to be sued by the bank for maliciously overdrawing the credit card.
I want to say here that when your credit card is maxed out, the temporary capital turnover is not enough. In fact, you can use the bank's bill installment or the minimum repayment amount to repay the credit card. The interest on the minimum repayment amount is about 18.25% annually, and the interest on the bill installment is different from bank to bank, which is about 15% annually. Using the above two methods, although you need to pay some interest, you can temporarily relieve your financial pressure.