There are two situations for the cardholder when the credit card is overdue. One is that the cardholder forgets about it, but the cardholder maliciously overdue. If the credit card is overdue, what impact will it have?

overdue credit card

1. Late payment fee for credit card. When the cardholder fails to repay in time or the minimum repayment amount is not repaid, the cardholder needs to pay the fees of the issuing bank according to the relevant regulations.

2. overdue interest. When a cardholder swipes a credit card, there is generally an interest-free repayment period ranging from more than 2 days to more than 5 days. During this period, the cardholder does not need to pay extra interest for immediate repayment. If the credit card is overdue, he does not enjoy interest-free repayment, and the circulating daily interest rate is as high as five ten thousandths, that is, the annual interest rate reaches 18%.

3, litigation costs. If the cardholder fails to repay after 2 months of overdraft, the bank will call to urge the cardholder to repay. If there is still no repayment, the cardholder will receive a lawyer's letter from the bank.

4. Bad credit record. The cardholder will be recorded in the bad credit record, which will affect the cardholder's handling of loan business, banking business and other businesses in the future, and the cardholder's credit report can be found in any domestic commercial bank.

5. Criminal responsibility for malicious overdraft. According to Article 196 of China's Criminal Law and relevant judicial interpretations, malicious overdraft refers to the behavior that the cardholder overdraws beyond the prescribed limit or time limit for the purpose of illegal possession, and still refuses to return it after being urged by the issuing bank.

those who commit credit card fraud with malicious overdraft will be investigated for criminal responsibility for the crime of credit card fraud, sentenced to fixed-term imprisonment of not more than five years or criminal detention, and fined not less than 2, yuan but not more than 2, yuan.