Two days, the Agricultural Bank of China credit card will have a two-day grace period for repayment after the repayment date. As long as the cardholder pays off the balance in full or reaches the minimum payment amount within two days after the repayment date, it will not be considered overdue. If you repay more than 2 days after the repayment date, not only will there be an overdue record, but the bank will also charge overdue penalty interest. ”

The consequences of late repayment on a credit card are serious, so overdraft consumption should be moderate. Although the biggest feature of a credit card is its overdraft function, it actually constitutes a loan relationship between the customer and the bank, and no repayment is due. , not only may it cause legal disputes, but you may also incur high penalty rates. The most important thing is that it will form a bad credit record, which will have a negative impact on your future work and life.

The consequences of overdue credit card repayment are as follows: /p>

After defaulting on a credit card with a high penalty interest, the penalty fees usually involved are revolving interest fees and late payment fees. Revolving credit is essentially a small, unsecured loan that calculates interest on a daily basis. If the balance is not repaid in full on the repayment date, revolving credit interest will accrue on the next statement, and the interest will be calculated from the date the consumption is recorded.

Except for ICBC, which imposes balance penalty interest, the other 12 Many banks still implement full penalty interest. Full penalty interest means that even if the customer repays part of the amount, the repayment portion will not be deducted when calculating the penalty interest. The interest fee is usually calculated based on the daily interest rate of 0.5%. In addition, some banks have regulations. , within 15 days from the accounting date, the daily interest will be calculated at 5/10,000, and if it exceeds 15 days, the daily interest will be calculated at 10/10,000. If it exceeds 30 days or the overdraft amount exceeds the prescribed limit, the daily interest will be calculated at 15/10,000. If it is in arrears, the daily interest will be calculated. The longer the period, the higher the penalty interest.

For example, assume that Ms. Li’s bill date is the 10th of each month, the final repayment date is the 28th, and she spent 10,000 yuan on June 11th. On August 28, Ms. Li's funds were tight, so she first paid the minimum repayment amount of 1,000 yuan. Then the recurring interest fee on the bill on August 10 was: 10,000 yuan × 0.5‰ × (July 28 to June 11 Day) (10,000 yuan ~ 1,000 yuan) × 0.5‰ × (August 10 ~ July 28) = 293.5 yuan

If the cardholder does not even pay off the minimum payment, in addition to The recurring interest fee will also generate a late payment fee, which is calculated based on 5 of the unpaid portion of the minimum repayment. If Ms. Li only repaid 500 yuan, the late payment fee will be (1,000 yuan ~ 500 yuan) × 5 = 25 yuan. In this case, the recurring interest fee will rise to 296.75 yuan, and Ms. Li’s penalty interest for that month totals 321.75 yuan.

Consequence 2 of overdue credit card repayment

Legal disputes and violent credit card collection. A hot topic, many bank credit card centers outsource credit card repayment collection to some so-called "debt collection companies". These companies have mixed quality and rough debt collection methods, causing great trouble to customers.

Not only that. , Defaulting customers may also face legal disputes. According to the "Criminal Law", those who maliciously overdraft their credit cards for more than 5,000 yuan and fail to pay after three months of collection may also be held criminally responsible for fraud. For customers, entering the judicial process will not only affect their reputation, but also incur more costs. In addition to paying off the debt, they will also have to bear litigation costs, which is even worse.

Credit cards. Three consequences of overdue repayment

Leave a "credit stain" in the national credit system. In 2006, the central bank established a national unified basic database of corporate and personal credit information. As long as you have applied for a card or loan in a bank, When you make a payment, your own "credit report" will be automatically generated in the system. The "stains" in this report cannot be ignored. It will affect applications for various loans, insurance, job hunting, studying abroad, etc. Bad records are in Overseas, it is generally retained for 7 years. In November 2012, the central bank's new version of personal credit report was launched. Overdue credit cards and loans before October 2009 will no longer be displayed, and overdue records will be retained for 5 years thereafter. This move means that citizens’ overdue negative records will no longer remain with them for life. If they can repay their loans in full and on time for five consecutive years, their credit can be restored.

Warm reminder: As an emerging payment method, credit card is also the simplest daily financial management method for consumers. Although overdraft consumption can reduce the financial pressure of daily consumption of cardholders, if the cardholder does not manage it properly or Without good financial management concepts, it is easy to end up with a mountain of bills and become a card slave. The editor here recommends that consumers be careful when using credit cards to pay back cards when the bill pressure is too heavy. They can apply for installment payment from the bank or apply for deferred repayment, extension of installment extension, etc. to relieve the pressure. At the same time, they should also reflect in time. Is your consumption pattern healthy and reasonable?

Legal basis:

Article 196 of the "Criminal Law" stipulates that under any of the following circumstances, anyone who conducts credit card fraud activities and the amount is relatively large shall be sentenced to a fixed-term imprisonment of not more than five years Imprisonment or criminal detention, and a fine of not less than 20,000 yuan but not more than 200,000 yuan; if the amount is huge or there are other serious circumstances, the sentence is not less than five years but not more than 10 years of fixed-term imprisonment, and a fine of not less than 50,000 yuan but not more than 500,000 yuan; If the circumstances are particularly serious or there are other particularly serious circumstances, the sentence shall be not less than 10 years in prison or life imprisonment, and a fine of not less than 50,000 yuan but not more than 500,000 yuan, or property confiscation:

(1) Using counterfeit credit cards , or using a credit card fraudulently obtained with false identification;

(2) Using an invalid credit card;

(3) Pretending to use another person’s credit card;

(4) Malicious overdraft.

The term "malicious overdraft" as mentioned in the preceding paragraph refers to the cardholder's behavior of overdrafting beyond the prescribed limit or within the prescribed period for the purpose of illegal possession and failing to return the card after being called upon by the card-issuing bank.

Whoever steals a credit card and uses it shall be convicted and punished in accordance with the provisions of Article 264 of this Law.