An overdue credit card will have the following consequences:

1. Overdue payment will not only have a late payment fee of 5% for the minimum unpaid portion, and penalty interest for the full amount of the bill, but will also be charged to the Credit Reference Center of the People's Bank of China. If you have a bad credit record, it will be difficult to apply for credit cards and bank loans within 5 years;

2. If you are overdue for more than three months or have not repaid the bank reminders more than twice, the bank will freeze the card and list it as prohibited. Such customers will also sue for credit card fraud and malicious overdrafts, and the court will enforce them. If you refuse to repay after being sued and the amount owed exceeds RMB 10,000, the court will impose a sentence in accordance with relevant laws. Whoever commits credit card fraud and the amount is relatively large shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan.

Extended information:

How to solve the problem of overdue credit card

1. If the cardholder forgets to repay the payment and finds that it is overdue, he must repay it as soon as possible, preferably Repay in full. Call the bank's credit card center and declare that the debt is not malicious. If the overdue time is short, the bank may not count the bad records;

2. When the credit card is overdue and unable to repay due to unemployment, illness, etc., the cardholder should proactively contact the bank's credit card center before the repayment period. Explain your financial situation, declare that you do not owe money maliciously, and apply for deferred repayment or installment repayment;

3. Cardholders actively apply for deferred repayment, and banks will often agree to the extension. Banks and cardholders People agree on a mutually acceptable repayment plan. In this way, the bank will not record bad records, but you must repay on time after applying for an extension;

4. Credit card repayment information The central bank’s credit reporting system rolls over 24 months, and records of overdue credit card repayments will be included in the credit reporting It is stored in the system for two years. If you find that you have paid off the card overdue and then cancel the card directly, the information will not be rolled over, but will be saved for a long time.