Overdraft cards are credit cards that allow you to make purchases without depositing money. Nowadays, many people apply for them and have several overdraft cards in their hands. Although overdraft cards allow you to spend money in advance and enjoy the interest-free period, it can cause harm to some people. Why do you say this? Let’s take a look below. As a bank's credit product, the money in an overdraft card does not belong to the cardholder. Although it is issued with the cardholder's identity, the money belongs to the bank. When using an overdraft card, you must repay it on time, plus the overdraft Cards have certain risks, which will bring various hazards. The common ones are as follows:

1. Excessive overdraft consumption and becoming a card slave: Many people have no self-control and get overdraft cards. I kept swiping my money, but after I paid it off I found that I had no money to repay it, so I tried every means to raise money to repay it. I finally paid it off, but I couldn't control myself, so I started buying and buying. As a result, I owed more and more credit card debt, and I got my salary. Later, I used them all to pay off my credit cards, and ended up becoming a card slave.

2. If the debt is not paid, you will be punished if you are caught: If you fail to repay within the specified time after using the overdraft card, it will be overdue. The longer the overdue time is, the more serious the consequences will be, especially if the overdue card exceeds the due date. If the bank fails to repay the loan after two calls within 3 months, it is considered a malicious overdraft. If the principal amount owed exceeds 50,000 yuan, the bank will prosecute you for credit card fraud and you may be arrested and punished.

3. Unable to repay, causing harm to the family: If you cannot repay after using an overdraft card, although the bank will only collect debts from the cardholder, if the cardholder does not repay the debt for a long time, then other The whole family will be affected, especially the cardholder’s spouse may be required to repay the loan at the same time as the cardholder, and the parents and children will have their lives and studies affected by the bank’s collection, etc. In short, an overdraft card is a double-edged sword, with both advantages and disadvantages. It is best for everyone to overdraw within their own capabilities, otherwise the consequences of excessive overdraft will not be affordable by ordinary people.