As long as the Everbright Bank credit card is overdue for one day, it will be reported to the credit bureau. Generally speaking, Everbright Bank credit cards have a three-day grace period for repayment. If the cardholder repays the balance within three days of the repayment date, it will not be considered overdue. If the cardholder pays off the balance on the fourth day after the repayment date, it will be considered overdue and will result in a bad credit record.

Once a bad credit record occurs, it will have a certain impact on the cardholder who wants to apply for a loan or credit card in the future. In addition, Everbright Bank will calculate overdue interest based on the daily interest rate of 0.05% for overdue credit card repayments, and compound interest will be charged on a daily basis until the cardholder pays off the debt. The longer the overdue period is, the greater the risk will be to the cardholder. The more the person has to pay back.