When applying for a card and filling out the application form, many people will fill in a CCB savings card in their own name on the application form and agree to automatically repay the loan through this savings card. It may also be after the card application is successful. , bind by yourself through online banking, branches, customer service hotlines, etc. This is called binding the agreed account repayment, and the money will be automatically deducted from the savings account on the day after the monthly payment due date.

Another situation is that you have indeed not bound it, but you still do not repay the credit card debt for a long time after collection. In this way, the bank can directly deduct the money from your savings account opened with the bank. , as specified in the credit card terms and conditions.

Extended information:

Consequences of overdue credit cards

1. Liquidated damages, usually 5% of the unpaid portion of the minimum repayment amount.

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.

Baidu Encyclopedia-Credit Card