Overdue records exceeding 90 days within three months will be recorded in the People’s Bank of China’s credit reporting system. Once it is repaid, your loan application at any bank will be rejected for at least 5 years. If you refuse to repay, you may never have to deal with the bank again in your life. It may even affect your spouse’s application for a mortgage or car loan. Any loan business involving the joint liability of both spouses will be rejected. Cherish your credit and pay your bills promptly.

In addition, credit cards accrue interest at compound interest, so your debt will increase. In the end, the bank can take legal proceedings. Anyone who maliciously overdrafts a credit card and fails to repay it will be charged with credit card fraud. You know how to weigh the stakes.