Overdue Bank of China credit cards will generally be updated after three days. The bank will give you three days to repay in time. There will be no penalty interest for repayment within these three days. Some platinum card users can have up to 9 days grace period for repayment.

1. Introduction to the Bank of China

The Bank of China is a large state-owned bank managed by the central government and a deputy ministerial level unit. It was established on February 5, 1912 with the approval of Dr. Sun Yat-sen. One of the four major banks in China. The business scope of Bank of China covers commercial banking investments, securities funds, aircraft leasing, etc. It has been listed on the Hong Kong Stock Exchange and the Shanghai Stock Exchange. Bank of China mainly operates commercial banking business, including corporate financial business, personal financial business and financial market business.

2. What will happen if the credit card is overdue?

Once the credit card is overdue, the user will not only have to pay late fees, but the bank will also charge 5/10000 interest every day, and the personal credit report will also be affected. Credit card overdue fees refer to the fees that the cardholder should pay to the bank when the minimum payment is made if the cardholder does not meet the repayment date or the repayment amount is insufficient. Once a credit card is overdue, overdue interest will accrue. After a user overdrafts with a credit card, there is generally an interest-free repayment period ranging from 20 to more than 50 days. If only the cardholder is overdue in repayment, then this person's last month's payment will be overdue. All fees no longer enjoy the bank's interest-free treatment, and the recurring daily interest is as high as 5/10000. , that is, the annual interest rate reaches 18.

Overdue credit cards will also produce bad credit records, which will be recorded in the central bank’s credit reporting system. my country’s personal credit reporting records have been networked nationwide. As long as individual residents have handled loan business and applied for loans at banks, If you have used a credit card or provided guarantee for others, you can check your credit report at any domestic commercial bank. Once there is a bad credit record on the credit report, it will have a great impact on the cardholder's future loan business. If the credit card is not repaid for more than three months, the bank will ask a lawyer to issue a lawyer's letter to the user, and the cost of filing a lawsuit in court will be borne by the cardholder.