Ebright Bank credit card has a 3-day grace period for repaying the loan. As long as the user repays the loan on time within the grace period, no overdue fees will be charged.

If the grace period is exceeded and the user still fails to repay the loan or the repayment amount is lower than the required minimum repayment amount, China Everbright Bank will handle it as overdue, and the cardholder will need to pay penalty interest and late fees. Interest is calculated on a daily basis. The late fee is 5% of the minimum monthly payment. In addition to penalty interest and late payment fees, Everbright will also report cardholders' overdue records to the credit reporting system, which will have a great impact on future car loans, home loans and loans.

What should I do if my Everbright credit card is overdue?

1. Forget to repay: If the cardholder forgets to repay and causes an overdue payment, it is not a malicious overdue payment. China Everbright Bank generally has a 3-day grace period, and the debt must be paid off within 3 days without overdue payment and no credit record.

2. Inability to repay the loan: If the user is unable to repay the overdue debt due to financial pressure, he or she can apply to Everbright Bank to stop the loan and sign a personalized installment repayment plan, with the negotiated amount being paid every month. Repayment reduces the repayment pressure of cardholders.

3. The installment negotiation was unsuccessful: If the user cannot negotiate the installment with China Everbright Bank, the card can only be deactivated and there is a risk of being sued by China Everbright Bank.