Overdue interest on credit cards can be reduced or exempted. However, if it is not a malicious overdraft, but an inability to repay on time due to unemployment, illness or other accidents, you can promptly and proactively explain the situation to the bank and ask for interest. Application for exemption. Legal basis: Article 671 of the "People's Republic of China and Civil Code" If the lender fails to provide the loan in accordance with the agreed date and amount, causing losses to the borrower, it shall compensate for the losses. If the borrower fails to collect the loan on the agreed date and amount, the borrower shall pay interest on the agreed date and amount. Article 667 A loan contract is a contract in which the borrower borrows money from the lender and returns the loan and pays interest when due.