Overdue payment not only has a late payment penalty of 5% for the minimum unpaid portion, but also a penalty interest on the full amount of the bill (daily interest rate of 0.5%, interest will be calculated starting from the day of consumption, and interest will be charged monthly until the principal and interest are paid off). A bad credit record will be generated in the Credit Reference Center of the People's Bank of China, and it will be difficult to apply for credit cards and bank loans within 5 years;

If you are overdue for more than three months or have not repaid the bank reminders more than twice, The bank will freeze your card and list you as a prohibited customer (blacklist). It will also sue you for credit card fraud and malicious overdraft, and the court will enforce it. If you refuse to repay after being sued and the amount owed exceeds RMB 10,000, the court will impose a sentence based on Article 196 of the Criminal Law, Credit Card Fraud