Credit cards are now the main consumption tool for many users, allowing people to make consumption more conveniently. However, when using credit cards, you also need to consider your own repayment ability. So let’s find out how many days past the repayment date of a credit card is considered overdue? What impact will it have on us if it is overdue?

How long does it take for a credit card repayment to be considered overdue?

Generally, it is 1-3 days, and the details are subject to the regulations of each bank. According to regulations, banks will provide credit card users with "time-tolerant services", which is often referred to as the repayment grace period. Generally, the repayment grace period of various banks is within 1-3 days, and the longest is no more than 3 days. If you hold the card If a person pays off the balance within the repayment grace period, the bank will regard the cardholder as repaying the card on time.

In addition, once a user exceeds the repayment grace period when repaying, it will be regarded as overdue behavior. Payments swiped by credit cards will no longer enjoy interest-free treatment, and banks will begin to charge interest, resulting in bad credit records and If the bank calls for payment and the payment is overdue for a long time and the amount is too large, the bank may freeze the account or even sue you.

At the same time, not all banks have a repayment grace period. If the user is unable to repay the debt on the due date, it is best to call the bank's credit card center in time to learn about the specific repayment grace period. If you are really unable to repay, you can choose to pay the minimum payment first or repay in installments.

What are the effects of overdue credit cards?

1. Personal credit: Overdue credit card records will be reported to the credit reporting center, which directly affects personal credit records and is not conducive to subsequent credit business processing. Especially in the past two years, if you have been overdue three times or six times in a row, you will become a blacklist in the credit report, and you will most likely be rejected.

2. Charge fees: Overdue credit cards will incur high penalty interest and liquidated damages. The liquidated damages are 50% of the unpaid portion less than the minimum repayment amount, charged on a monthly basis; the daily penalty interest rate is 10,000 points. 5. The full amount will be charged from the accounting date.

Overdue credit cards will have a great impact on us, so try not to be overdue. If it is overdue, it is best to resolve it in a short time to avoid affecting our credit report.