If your credit card is overdue, there will be no penalty interest; the bank will collect it; if it is overdue for more than 90 days, it will be blacklisted. Severe overdue payments will leave a bad credit record, which will definitely have an impact on the cardholder's future loans. It is recommended to pay off the debt as soon as possible. If the debt is overdue for a long time and the bank owes money maliciously, the bank can take legal action and prosecute.
If the debt is not repaid, the card issuer will stop all credit cards of the cardholder; if the collection method is ineffective, the card issuer will be prosecuted by the court. Malicious overdraft refers to the cardholder's behavior of overdrafting beyond the prescribed limit or within the prescribed period for the purpose of illegal possession, and still refuses to return the card after being called by the bank that issued the card.
Extended information:
If the amount is particularly huge or there are other particularly serious circumstances, the person shall be sentenced to fixed-term imprisonment of not less than ten years or life imprisonment, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan. Or confiscation of property:
(1) Using a forged credit card, or using a credit card fraudulently obtained with false identification;
(2) Using an expired credit card;
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(3) Pretending to use other people’s credit cards;
(4) Malicious overdraft. The term "malicious overdraft" as mentioned in the preceding paragraph refers to the cardholder's behavior of overdrafting beyond the prescribed limit or within the prescribed period for the purpose of illegal possession and failing to return the card after being called upon by the card-issuing bank.
Credit cards can generally be overdue within 3 days.
According to regulations, generally within three days of the repayment date, it is considered an unintentional overdue payment and is not considered overdue. At present, most banks will provide cardholders with a three-day grace service, which means that the repayment can be postponed appropriately, and the pass is 1-3 days after the repayment date. As long as the repayment is made within the grace period, it is not considered overdue.