However, if the card issuing bank provides time tolerance service, whether the underpayment of a few dollars will be overdue depends on the amount owed. As long as the underpayment amount of most banks is below 1 yuan, it will be regarded as normal repayment, so it will not be considered as overdue, and naturally it will not affect the credit.
but just in case, it's best to call the service hotline of the issuing bank first, and then transfer it to the manual customer service for clarification.
if the credit card is overdue, it will generate a penalty interest, and it will bear interest in full, with a daily interest rate of five ten thousandths. For example, if your credit card is overdue for 5, yuan and the overdue days are 3 days, then the penalty interest is 5,× .5 %× 3 = 75 yuan.
in addition to interest, overdue payment will also result in liquidated damages, and the collection standards of liquidated damages in different banks are different. Generally speaking, the collection standards of liquidated damages in most banks are basically set at 5% of the unpaid minimum repayment amount.
As we know, overdue is an act of dishonesty. Once the credit card is overdue, the bank will report the overdue record to the personal credit report of the central bank, and the overdue record will be kept in the personal credit report for five years. During this period, applying for a bank loan may encounter high interest rate and small amount, or even the loan application will be directly rejected by the bank.
at present, credit reports are mainly used in various consumer credit businesses of banks. With the continuous improvement of social credit system, credit reports will be more widely used in various fields such as commercial credit sales, credit transactions, recruitment and job hunting. In addition, the personal credit report also provides the inquirer with a way to examine and standardize his own credit history behavior, and forms a verification mechanism of personal credit information.
In addition, if the overdue period is particularly serious, the trip will also be affected, and it is impossible to spend money by plane, high-speed train, hotel and mobile phone, and children cannot attend key schools, so it is difficult to break their promises.
Credit card arrears are protected by law. If the cardholder maliciously overdraws and fails to pay it back within the time limit, it is suspected of credit card fraud and will be punished by law and face jail. The punishment depends on the overdue circumstances. The more serious the circumstances are, the heavier the punishment will be. Those who are extremely overdue may even be sentenced to life imprisonment.
It is the bank that suffers the most from the cardholder's overdue payment. In order to reduce the loss, the bank will generally reduce the cardholder's credit card limit, or even directly close the card. Once the credit card limit is lowered or blocked, it is difficult to withdraw or unblock it. If you use a credit card, you must repay it on time. Overdue behavior is not desirable. You must never try your life, and you must not be lucky, otherwise the consequences will be very serious.