According to the regulations of the Banking Regulatory Bureau, when a credit card is overdue for 3 months, the principal should be deducted first and then the interest. The principal here refers to the original loan amount issued by the credit card to the cardholder. The following is a detailed explanation of this conclusion:

1. The principal of the credit card:

The principal of the credit card refers to the credit limit provided by the bank to the cardholder. The cardholder can Withdraw and return money within a certain period of time. The principal is the amount actually spent by the cardholder in consumption activities such as shopping and cash withdrawal. For example, if the cardholder uses a credit card to purchase goods for 1,000 yuan, then the 1,000 yuan is the principal.

2. Overdue repayment:

Overdue repayment means that the cardholder fails to repay the amount due in full before the credit card bill payment date and fails to repay within the specified time. payment situation. According to the regulations of the Banking Regulatory Bureau, when a credit card is overdue for three months, the principal should be deducted first and then the interest.

3. Deduct the principal first and then the interest:

First, the bank will give priority to deducting the unpaid principal of the cardholder. For example, a cardholder needs to repay 1,000 yuan after being overdue for 3 months, including principal of 500 yuan and interest of 500 yuan. The bank will first deduct 500 yuan from the cardholder's repayment as the principal, and then deduct the interest from the remaining part.

Summary:

According to the regulations of the Banking Regulatory Bureau, when a credit card is overdue for 3 months, the principal should be deducted first and then the interest. The principal refers to the amount actually spent by the cardholder using the credit card. When repaying the card, the bank will first deduct the principal from the cardholder's repayment, and then deduct the interest.

Extended information:

In addition to principal and interest, credit cards may also involve other fees, such as annual fees, handling fees, etc. When cardholders make repayments, the bank will deduct various fees in a certain order according to relevant regulations. In addition, if the cardholder fails to repay the debt after the due date, the bank may take further recovery measures, such as reminders, credit limit restrictions, etc.

The above is the meaning and explanation of the provisions of the China Banking Regulatory Bureau that when a credit card is overdue for 3 months, the principal should be deducted first and then the interest. Through the above analysis, you can better understand and comply with relevant regulations, reasonably manage credit card use, and avoid overdue problems.