As long as the payment is made according to the minimum amount of the bill before the due repayment date, there will be no late payment fee and personal credit will not be affected. As a new payment method, credit card is also the simplest financial management method for consumers.

When the bill pressure is too high, be careful to pay back the card with the card. You can apply to the bank for installment payment or deferred repayment to extend the installment and relieve the pressure. At the same time, you should reflect on whether your consumption pattern is healthy and reasonable in time.

Extended information bears a high penalty interest. After a credit card defaults, the penalty fees usually involved are revolving interest fees and late fees. The essence of revolving credit is a small, unsecured loan with daily interest. If the repayment is not made in full on the last repayment date, revolving credit interest will be generated on the next statement, and the interest needs to be calculated from the date when the consumption is recorded.

Except for ICBC, the other 12 banks still carry out full penalty interest. Full penalty interest means that even if the customer repays the part, the repayment part is not deducted when calculating the penalty interest, and the interest expense is usually calculated at the daily interest rate of five ten thousandths.

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