What are the consequences of a credit card overdraft? What are the consequences of paying off a credit card overdraft?

1. Consumption payments no longer enjoy the interest-free repayment treatment

In practice, the card-issuing bank calculates interest on a daily basis from the day the consumption occurs, using the consumption amount as the principal. , with a daily interest rate of 5/10,000 and compound interest calculated on a monthly basis. On the unpaid portion of the minimum repayment, a 5% late payment fee will be charged monthly.

2. Receive reminder calls and reminder notices from the card-issuing bank

3. It will affect your personal credit record

4. In very serious cases, it will It constitutes a crime

Once it is determined to be malicious overdraft and credit card fraud, if the amount is relatively large, you will be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and at the same time, you will be required to pay not less than 20,000 yuan but not more than 200,000 yuan. fine.

If the amount owed is huge or there are other serious circumstances, the person will be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and a fine of not less than 50,000 yuan but not more than 500,000 yuan will be required. If the amount is extremely large or there are other particularly serious circumstances, you may be sentenced to fixed-term imprisonment of more than ten years or life imprisonment, and be required to pay a fine of not less than 50,000 yuan but not more than 500,000 yuan, or have your property confiscated.

5. The maximum overdraft period of a credit card is 60 days.