Liquidated damages arising from overdue credit cards must be paid and cannot be withheld. The following is a detailed description:

First of all, according to the contractual relationship of credit card use, cardholders will sign a relevant contract when applying for a credit card, which clearly stipulates the consequences of overdue repayment, including liquidated damages. Therefore, according to the contract, liquidated damages arising from overdue repayment are the obligations that the cardholder shall bear.

Secondly, the setting of liquidated damages is reasonable and legal. As the issuer of credit cards, banks will take into account factors such as risk costs, compensation for overdue debts, and preventing cardholders from deliberately evading repayment responsibilities when setting overdue liquidated damages. Reasonably set liquidated damages can help improve cardholders' awareness of repayment, while also maintaining the stability of the credit system.

Finally, failure to pay overdue liquidated damages may have adverse consequences. Overdue penalty is an important charge on credit cards. Failure to pay will lead to the formation of overdue records, which will further affect personal credit records. A bad credit record will affect an individual's financial credit rating, which is not conducive to an individual's credit approval in applying for a loan, renting a house, etc.

To sum up, the penalty for overdue credit cards should be paid because the cardholder has already agreed to the relevant contract when applying for the credit card. Reasonably set liquidated damages can help maintain the stability of the credit system, and failure to pay liquidated damages may have a negative impact on personal credit records and credit ratings. Therefore, cardholders should repay on time to avoid overdue penalties.

Extended information:

In addition to liquidated damages, overdue credit card repayments may also have other consequences. For example, the bank may impose penalties in the form of overdue interest, and may also charge fees such as late fees or attorney fees. In addition, the bank also has the right to suspend the cardholder's credit limit or freeze the cardholder's account under certain conditions. Therefore, it is very important to pay off overdue credit card balances in a timely manner.