1. What are the bank's credit card overdue reduction and exemption policies

The bank's credit card overdue reduction and exemption policies are as follows:

1. Pay off the arrears in time, take the initiative to explain the situation to the bank and keep the account status normal;

2. Never cancel your card because it is overdue, for it will lose the opportunity to repair your credit. After it is overdue, you should continue to use the credit card normally, spend more, repay it on time, and replace the overdue record with a new repayment record.

3. Don't lose contact after the deadline, and don't let the bank think that it is malicious overdraft and arrears, otherwise it may be sued by the bank.

Article 7 of the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks

Under special circumstances, if it is confirmed that the amount owed by the credit card exceeds the cardholder's repayment ability and the cardholder is still willing to repay, the issuing bank can negotiate with the cardholder on an equal footing and reach a personalized installment repayment agreement. The longest term of personalized installment repayment agreement shall not exceed 5 years.

second, how much is the overdue interest of the credit card

when the credit card is overdue, the general bank will charge two fees, one is the overdue interest and the other is the late payment fee. At present, the interest rate of overdue credit card repayment in all banks is the same, which is five ten thousandths of daily interest, with compound interest calculated on a monthly basis. It is important to note that the principal of interest calculation is the sum of the consumption amount of the current month, and the interest-bearing time is: from the day of consumption.

As long as it is overdue for more than 9 days, it is generally a black account, which is the standard of most banks. Under normal circumstances, the personal credit card bill is overdue, and the bank will collect the debtor in accordance with relevant regulations in the first three months. If the collection is successful in these three months. Then the bank will not take the next step of collection. If the bank fails to collect the credit card within three months, then according to the law, if the credit card is overdue for three months and fails to collect it, the bank can take legal proceedings.

if the credit card is overdue, you will be detained for less than 15 days. If the credit card is overdue for more than 3 months, and the bank collects it for more than 2 times, and the cardholder still refuses to repay, it will be considered as malicious overdraft. If the circumstances are serious, the cardholder needs to bear criminal responsibility and go to jail. If there is no crime involved, then there is no need to sentence.

There are many overdue relief policies. First of all, the cardholder should pay off the arrears in time, take the initiative to contact the card-issuing bank and truthfully explain his situation. Secondly, you can't escape the bank's collection, and you can't lose contact, otherwise it will be considered as a malicious overdraft by the bank. Finally, cardholders must not cancel their cards, otherwise they will not be able to restore their credit.