Yes. Overdue credit cards will result in bad records. The consequences of an overdue credit card are as follows:

1. If the credit card is not repaid on time, liquidated damages will be incurred, which is usually the minimum repayment amount and 5% of the unpaid part.

2. If the credit card is not repaid on time, high interest will be generated, and the interest will be compounded. If the debt is large, the interest will be a lot.

3. Overdue credit records will be stained, resulting in the inability to handle financial needs such as house purchases and loans within the next two years.

4. If the payment is overdue for more than 3 months, and the amount exceeds RMB 10,000, and the bank has failed to pay multiple reminders, you will not only have to bear the repayment, but may also bear criminal liability.

Note: Generally speaking, each bank will charge a certain amount of interest for overdue repayment. Each bank is different, usually an interest of 0.05%. However, the interest accrual date is calculated from the date of consumption, not the date after the final repayment date. If the entire limit is not met, you can pay the minimum repayment amount first, which will not affect your credit limit. There will also be a buffer period so that the bank can understand the capital flow of your account in a timely manner and will not freeze the account.

Extended information:

Notes on overdue credit cards:

Cardholders should pay special attention to the last repayment date of their credit card, which means interest-free repayment. The last day of the loan period, before which repayments are interest-free. Overdue, all consumption payments will no longer enjoy the interest-free repayment treatment. The bank will calculate interest on a daily basis from the day when the consumption occurs, using the consumption amount as the principal. The daily interest Five ten thousandths, compound interest will be calculated on a monthly basis, and late payment fees will also be charged.

Credit card late payment fees refer to the situation where the cardholder’s actual repayment amount is lower than the minimum repayment amount on the due date of the credit card, and the cardholder must pay late payment fees for the unpaid portion of the minimum repayment amount, which is generally the minimum payment amount. 5 of the unpaid portion of the repayment amount, but due to different policies of each bank, the minimum amount set is also different.

People without financial income, such as students, should not apply for a credit card easily. Even if they do not use the credit card, they still have to bear the annual fee and other items. People who hold credit cards should give up using their credit cards and go through the card refund procedures in a timely manner. Otherwise, various credit card fees and subsequent interest, late payment fees, etc. will lead to personal economic losses and reduced credit, which will affect mortgages, car loans, etc.

There are more and more emerging repayment methods, but the mainstream ones are online transfer repayment provided by banks, card-to-card repayment through third-party POS machines, and telephone banking repayment. Media, if there is a fixed habitual repayment pattern and repayment cycle, monthly credit card repayments will become very convenient, and will never take up too much of the user's time, let alone go to the bank to queue up. Team.

Another reminder is that when choosing a credit card, you should ask clearly what repayment methods the bank supports, and try to apply for a credit card with more diversified repayment methods, so as not to be taken advantage of by "card-holding shopping discounts" Waiting for petty profits to confuse you, after all, the convenience of a credit card is the most important thing.

Baidu Encyclopedia - Credit Card

Baidu Encyclopedia - Credit Card Repayment

Baidu Encyclopedia - Overdue Repayment

Baidu Encyclopedia - Overdue Repayment