Overdue credit cards have become a common card usage situation. Due to the epidemic, the number of overdue credit cards has exploded. In response to this situation, some changes have been made to credit card overdue rules. This article explains the four major changes in credit card overdue rules in 2021, hoping to be helpful to cardholders whose credit cards have expired or are about to expire.

1. Four major changes in credit card overdue rules

1. Changes in the interest-free period. The minimum interest-free period is 25 days and the maximum is 60 days. After the new regulations, banks can set flexible interest-free periods based on changes in their own policies and cardholder situations, which may also affect users' repayment and overdue situations.

2. Change of penalty interest. In the past, banks would charge late fees when cardholders were overdue. However, after the new regulations, banks will no longer charge late fees for overdue users, but will charge liquidated damages, and interest will not be calculated on the liquidated damages collected.

3. Changes in the minimum repayment amount. If users have difficulty repaying credit cards, they can choose the minimum repayment method to relieve the pressure. The minimum repayment amount is generally set at 10% of the bill amount. However, the current minimum repayment amount is mainly set flexibly by the card-holding bank based on the user's situation.

4. Changes in overdraft interest rates. In the past, the interest generated by overdrafts was generally charged at 0.05 per day. Now it is not fixed, but is given a range of 0.035-0.05.

Two examples of overdue filing of credit cards

There are two cases of overdue filing of credit cards, one is civil case filing and the other is criminal case filing. Different cases have different filing standards.

The first type: civil case filing.

Because the civil filing standards are relatively low, if the overdue credit card does not meet the criminal filing standards for malicious overdraft, once the bank sues the overdue user, it can file a civil lawsuit in court.

Second type: filing a criminal case.

If it is a criminal case, the standard for filing a case will be higher. First of all, if the cardholder is called upon by the bank twice in more than 3 months, the minimum repayment will still be made. In addition, the overdue credit card amount reached 50,000 yuan. At the same time, if these two conditions are met, the cardholder will be prosecuted by the bank for malicious overdraft. A malicious overdraft of 50,000 yuan meets the standard for criminal filing. After the court ruling, the cardholder is likely to go to jail.

Reminder

At present, with the increasing popularity of credit cards, the number of people using credit cards is gradually increasing. Since many people have relatively low repayment and financial management capabilities, the crime rate of malicious overdrafts is also increasing year by year.

I would also like to remind you that credit cards are a double-edged sword. Use credit cards rationally and don’t blindly over-consume, which will put too much pressure on you to repay later. In any case, do not think about escaping debt or changing your contact details or address. There is really no way I can’t even apply for installment or minimum loan repayments.

Credit card overdraft consumption is a short-term borrowing behavior of banks. It’s not difficult to borrow again, otherwise the consequences will be serious. If you don’t want to be a deadbeat, you can repay your loan on time. Related questions and answers: Related questions and answers: How to solve the problem of overdue credit cards and inability to repay in 2021 under the new provisions of the Civil Code?

Nowadays, many people are accustomed to swiping their credit cards for consumption. Not only is it convenient, but they can also get some discounts from time to time. However, at the same time, there are also many cases of overdue payments due to excessive spending. Someone recently asked me how the Civil Code regulates overdue credit cards in 2021? So let’s briefly talk about this issue for you.

How does the 2021 Civil Code stipulate overdue credit cards?

1. Credit card users can still negotiate repayment in accordance with the new regulations. If they are willing to repay but do not have the ability to repay, they can negotiate with the bank, and the maximum number of installments can be 60.

2. The sentencing standard for overdue credit cards has been increased from the previous 10,000 yuan to 50,000 yuan. That is to say, a single bank with an overdue amount of more than 50,000 yuan needs to bear criminal liability.

3. Change the late payment fee for overdue credit cards into liquidated damages. The charging standard is 5% of the unpaid portion lower than the minimum repayment amount, and the calculation starts from the next day after the overdue payment. After collecting liquidated damages, no additional interest will be charged.

4. Restrictions have been placed on debt collection, and illegal violent debt collection and other behaviors have been regulated. Therefore, if users are subjected to violent collection by banks or third-party institutions, they can retain relevant evidence and complain to the head office and the China Banking and Insurance Regulatory Commission.

The above is the answer to "How is the overdue credit card stipulated in the 2021 Civil Code". I hope you will find it helpful after reading it. Generally speaking, when applying for a credit card, users should base their repayment ability on their own and avoid excessive consumption. After the due date, they should make timely repayments or negotiate with the bank to avoid defaulting.