Take a credit card spending of 50,000 yuan as an example. If it takes 45 days from the billing date to the repayment date, the cardholder will repay 40,000 yuan on the repayment date, and the remaining 10000 yuan will not be repaid on time. If you hold a card of China Construction Bank or China Merchants Bank, you need to pay interest at the base of 50,000 yuan per day, and you need to pay overdraft interest within 45 days 1 125 yuan;
A credit card is a credit certificate issued by a commercial bank or a credit card company to eligible consumers. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.
Credit cards are generally plastic cards with a special carrier, with a length of 85.60 mm, a width of 53.98 mm and a thickness of1mm. The name of the card issuer, the expiration date, the number and the name of the cardholder are printed on the front, and the chip, magnetic stripe and signature strip are printed on the back. Cardholders can use credit cards to shop, spend money and deposit and withdraw cash from banks.
Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.
The harm of credit card overdraft:
1, resulting in bad credit records;
2. Interest: calculated at 0.5 ‰ per day;
3. Late payment fee: generally calculated at 5% of the unpaid part of the minimum repayment amount (depending on the regulations of banks);
4. Credit card malicious overdraft may also face criminal punishment;
5. If you are blacklisted by the bank, you can no longer have a credit relationship with the bank within 5 years from the date of paying off the arrears. A delay of one or two days in repayment will not have much impact on credit standing, but overdraft interest will be charged, that is, overdraft interest will be charged for two days according to one ten thousandth of the overdraft amount.
After receiving the credit card, the cardholder shall immediately sign the same signature as the application form in the signature column on the back of the credit card, and use the same signature when using the credit card transaction, otherwise the losses arising therefrom shall be borne by the cardholder, unless otherwise agreed between the cardholder and the card issuing institution or stipulated by the accepting institution or bank card organization.
Some specially designed cards don't need to be signed on the back of the credit card, but they can be used normally after a password is set. The cardholder can set the password through the channel designated by the card issuer.