After the due date, the bank will give a 3-day grace period. After the grace period, if the cardholder still fails to repay the payment, the following consequences will occur, including penalty interest. Interest-free services will no longer be available, and a penalty interest of 0.5% will be charged. Collection harassment affects lives. If the time exceeds 90 days and the amount exceeds 50,000, the probability of prosecution is high. Once the prosecution is executed. It will restrict high consumption, affect children's schooling, and deduct pensions.

1. Credit card overdue exemption policy

In most cases, overdue credit card interest cannot be exempted or exempted in principle, but it can be exempted if the following conditions are met.

1. Bank issues: If the credit card is overdue and accrues interest due to bank reasons, the cardholder can ask the bank to waive the interest.

2. Force majeure factors: If the cardholder is overdue due to major illness, unemployment, bankruptcy and other force majeure factors, he can take the initiative to explain the situation to the bank and then submit supporting documents. The bank will consider it at its discretion and reduce or reduce the payment. of interest.

3. Other reasons: If the cardholder has reached a deferred repayment plan with the bank before the repayment date, but the bank still deducts the payment on the repayment date, the overdue interest generated in this way can also be waived by the bank. of. If you need a lawyer to intervene, you can consult a professional lawyer on Hualv.com’s creditor’s rights and debts.

2. How long does it take for a credit card to be reported for overdue credit reporting?

1. More than 3 months; if there are 6 or more overdue behaviors in 3 months, the bank will If you are set on the credit blacklist, and this list will be uploaded directly to the central bank center, then you will not be able to apply for credit services in the next five years, which will actually have a great impact on you.

2. Overdue for three consecutive times; if the credit card is overdue three times in a row, the bank will characterize it as a malicious overdue credit card. Once it is determined as a malicious overdue credit card, the consequences will be more severe than the consequences of an overdue credit card. serious. Banks will also initiate legal measures to protect their own rights and interests in accordance with the law, and the scope, breadth, and depth of the negative impact will be unimaginable.

3. How serious are the consequences of an overdue credit card?

1. Additional penalties: If a cardholder’s credit card is overdue, the bank will carry out a series of collection work and will also remind the cardholder. Pay liquidated damages. The longer the overdue period, the higher the liquidated damages.

2. Unable to apply for a loan: If your credit card is overdue, it is easy to be listed in the credit bureau. Once there is a credit stain, the bad overdue records will be kept for 5 years. Serious overdue loans will be put on the credit bureau blacklist, and subsequent applications may not be accepted. to the loan.

3. Blacklisting: If a credit card is seriously overdue, it will be blacklisted, restricting the cardholder's consumption and travel, and more seriously, it will affect the children's ability to attend high-end private schools.

4. Prosecution: If the credit card is overdue for three months and has not been paid after two collections by the bank, the bank has the right to sue the cardholder and force the cardholder to return the outstanding amount.

Legal basis:

People's Republic of China and Civil Code

Article 585 The parties may agree that when one party breaches the contract, it shall file a lawsuit with the party based on the circumstances of the breach. The other party shall pay a certain amount of liquidated damages, and may also agree on a method for calculating the amount of compensation for losses due to breach of contract.

If the agreed liquidated damages are lower than the losses caused, the People's Court or the arbitration institution may increase the amount according to the request of the parties; if the agreed liquidated damages are excessively higher than the losses caused, the People's Court or the arbitration institution may increase the amount according to the request of the parties. The party's request shall be appropriately reduced.

If the parties agree on liquidated damages for delayed performance, the defaulting party shall also perform its debts after paying the liquidated damages.