Current location - Trademark Inquiry Complete Network - Overdue credit card - The outstanding debt of Guangfa Credit Card doubled in one year, and the interest of other banks was not so high. Is it a penalty? It's not so much a usury as a usury, and when it's over,
The outstanding debt of Guangfa Credit Card doubled in one year, and the interest of other banks was not so high. Is it a penalty? It's not so much a usury as a usury, and when it's over,
1. If the credit card is overdue, compound interest at the rate of 0.5 ‰ per day, with annualized interest of 18.25%.

Theoretically, you can't double your debt every year. Of course, it also depends on how much money you owe on your credit card.

3. I suggest you find a bank to print the details of the arrears list and find out the calculation method of Chu Bank;

4. If the bank violates the rules, you can complain to the local banking regulatory bureau according to the evidence.