Generally speaking, credit cards will be frozen in the following three situations:
1. The credit card owes too much, but the cardholder fails to repay it in time. In this case, the bank will freeze the cardholder's credit card account.
2. After the cardholder applies for loss reporting, the credit card account will be frozen.
3. When paying by installment, the installment amount will be frozen, but the frozen amount will be thawed one by one with the repayment of each installment.
Consequences of overdue credit card:
1, resulting in a bad credit record.
2. Interest generation: the daily interest is calculated at 0.05%, and the interest is calculated from the consumption bookkeeping date.
3. Late payment fee: 5% of the unpaid part of the minimum repayment amount is used as late payment fee, which is charged monthly.
4. The bank will sue.
5. You can't handle credit business in this bank within 5 years from the date of paying off debts.
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The responsibility for overdue credit cards depends on how much money you owe and the overdue time:
1. The crime of credit card fraud generally means that you owe more than 10,000 yuan, and if you fail to return it for more than 3 months after being urged twice by the issuing bank, it constitutes a crime, and you have to bear criminal responsibility and civil repayment responsibility.
2. If your situation does not meet the above requirements, you have civil liability to repay the arrears.
The credit card is frozen, the debt is paid off, and it can still be used. Once the cardholder fails to pay off the debt on time, it will be reflected in the personal credit report. The central bank's "Draft for Comment on Credit Management Regulations" stipulates that the longest retention period of bad credit records is 5 years, but personal credit reports will only show the records of credit cards for nearly 24 months. It is recommended that you keep the card active for at least one year after activating it, so as to avoid the negative impact of bad credit records on applying for credit cards or personal loans in the future. Credit cards generally have an interest-free period of up to 50 days, and the overdraft amount can reach as much as 50,000 yuan. As long as we return the overdrawn part of the card before the interest-free period ends, there is no danger.