The four major changes in credit card overdue rules are mainly changes in overdraft interest rates, changes in penalty interest, changes in interest-free periods, and changes in minimum repayments. I think this kind of credit card overdue rules has become more reasonable, more humane, and more comprehensive in terms of repayment matters. Let’s take a look at it below. Four Major Changes in Credit Card Overdue Rules

In the past, the interest-free period for credit cards was 25 to 60 days. After the overdue rules changed, banks can formulate flexible interest-free periods based on their own policy changes and cardholder conditions. The corresponding user's repayment status and whether it is overdue may also be affected by this. If the user has difficulty repaying the credit card, he or she can choose the minimum repayment method to reduce the pressure, and the minimum repayment amount is generally set 10% of the bill amount.

But now the minimum repayment amount is mainly set flexibly by the cardholder bank according to the user's situation. For cardholders whose credit cards are overdue and unable to repay and are willing to repay, negotiated repayment is supported. According to the repayment policy, cardholders with overdue credit cards can negotiate with the bank for an interest-free repayment plan of up to 5 years and 60 periods based on their own circumstances.

In the past, if cardholders were overdue, banks would charge additional late fees. However, after the new regulations came out, banks canceled the late fees charged for overdue users and instead charged liquidated damages. However, the liquidated damages collected will no longer be calculated in addition to interest. It is not fixed, but gives an interval range between 0.035-0.05. Overall, this rule change is more user-friendly. You must be proactive in facing repayment

The new credit card policy is not much different from the past. Friends who are overdue still face the risk of being sued, and there may even be rolling penalties and interest. Generally, people with overdue credit cards will have their principal and interest at least doubled if they don't pay back for a long time. Therefore, the biggest problem for today's debtors is how to quickly plan their debts and then repay them in installments. This is the most critical thing. With today's credit cards, you can negotiate installment payments, but most people don't do it yet.

Then the first thing we should consider is to stop the increase in interest. In other words, we must make a good installment plan, and then make fixed repayments every month, so that we can pay it off. Regarding your personal debt problem, as for what our debtors should do, it is conceivable that everyone is in debt because of debt problems. We should solve the debt problems in detail and then work harder. This is the best answer.

We must remember that we cannot just ignore the debt if it is overdue because we have a debt. Then the bank will take advantage of you and charge you a certain amount of interest, and there will be penalty interest after a long time. The principal owed for more than one year has at least doubled, so don’t ignore the overdue situation and be sure to actively face repayment. You should apply for a credit card based on your repayment ability

If a bank credit card is overdue, no matter how much the amount is, the first thing is to keep the phone open and not to be unable to contact you. Then it is best to contact the bank yourself to express Be willing to repay and strive for a good attitude. Generally speaking, when applying for a credit card, users should base it on their repayment ability, avoid excessive consumption, and make timely repayments after overdue payments or negotiate with the bank. , don’t default.