What will happen if the credit card is overdue?
1, high interest and late fees
If the cardholder fails to repay the credit card, he will no longer enjoy the interest-free period of the credit card, and will charge 0.5% interest every day from the date of consumption, and compound interest will be calculated monthly. If you owe tens of thousands of yuan in less than a few days, you will generate thousands of yuan of interest, and the longer the time, the higher the interest.
If the credit card fails to repay in time after the interest-free period, the bank will charge the credit card holder a late fee, accounting for 5% of the unpaid minimum repayment amount. After a certain period of time, the bank will charge the cardholder a higher penalty interest.
2. Personal credit stain
As long as you have applied for a credit card or loan, you will know how important your personal credit record is. It will be very difficult to apply for a credit card once your credit history is tainted. This is not the most troublesome. Worst of all, if you want to buy a house with a credit stain in the future, the loan amount of a mortgage will be less than others' interest rate, but higher than others' interest rate. If it expires, the bank won't lend it to you.
3. The credit card has been stopped.
If the credit card is not repaid, the bank will withdraw the revolving credit given to the cardholder and the credit card will be deactivated. For those who owe money for many times or for a long time, the bank will think that the cardholder's repayment risk is high, and will stop using the credit card and recover the arrears from the cardholder. If the bank still can't repay the credit card debt, the bank can apply for auctioning other fixed assets of the cardholder.
4. Malicious arrears will be sentenced.
If the credit card is overdue for more than three months, it will be regarded as malicious overdraft and the bank can initiate judicial proceedings. China's criminal law stipulates that if the credit card overdraws more than 50,000 yuan and the debt lasts for more than 3 months, the judicial organ will take corresponding measures (criminal detention of less than 50,000 yuan) if it refuses to repay after being urged by the bank for more than 3 times.
Credit card replacement process:
The first step is to report the loss. When a credit card is lost, the user should first report the loss to the bank, and this time should be controlled within 24 hours. Of course, there are many ways to report the loss, such as mobile banking, customer service hotline, bank counter and so on.
The second step is to reissue it. Of course, it is more appropriate for users to use the counter to handle this link, and they can also ask the bank staff about the credit card during the processing. In addition to the counter, users can also reissue their credit cards by phone. In this way, they can directly access the manual service and tell the telephone staff to prepare to reissue the credit card.
The third step is to mail the new card. The bank will reissue a new card according to the user's request and mail it. When a new card is received, the user can reactivate it.