Credit cards can provide us with the service of spending first and repaying later. With the popularity of credit cards, more and more people are applying for credit cards, and overdue credit cards are very serious. But do you know what will happen if your credit card is overdue? If you are not sure, come and find out with me.

What are the consequences of an overdue credit card?

1 Pay late fees and interest

Once an overdue payment occurs, the bank center of the card issuer will charge late fees and interest, generally in proportion As follows:

① The late payment fee is calculated as 5% of the unpaid portion of the minimum repayment amount;

② Interest is calculated on five ten thousandths of the entire bill every day.

2 Impact on credit

① Overdue within one month, it is considered overdue once, and it is difficult to increase the limit after overdue;

② Overdue three times in a row Or accumulating 6 times, there will be a bad credit record, and it will be difficult to get a loan or a credit card in the future, or even become a black account or a defaulter;

③ If the overdue amount exceeds a certain amount and time, the bank will freeze it Credit card (specifically, the time specified by the bank shall prevail).

Nowadays, integrity has increasingly become a business card for Chinese citizens. We should maintain good behavior when using credit cards, develop the habit of repaying money on time and in full, and refuse to make mistakes due to forgetting to repay or being short of funds. In case of being unable to repay, etc., at the same time, follow the consumption principles of living within your means and spending moderately.

I hope the above answers will be helpful to everyone.