Credit card consumption at POS machines:

Repay in full on time, interest-free;

2. Pay the minimum payment on time, with daily interest of 10,000 yuan 5. Collect;

3. Overdue repayment, in addition to the above-mentioned interest, there are also late fees.

Extended information

Consequences of overdue payment

1. Liquidated damages are incurred, usually 5 of the minimum repayment amount and the unpaid portion.

2. The interest is high, and the interest is compounded. The interest rate is very scary when the debt is large.

3. Overdue credit records will be stained, resulting in the inability to handle financial needs such as house purchases and loans within the next two years.

4. If the payment is overdue for more than 3 months, and the amount exceeds RMB 10,000, and the bank has failed to pay multiple reminders, you will not only have to bear the repayment, but may also bear criminal liability.

Reference: Baidu Encyclopedia-Credit Card