1. Bear a high penalty interest.
after a credit card defaults, the penalty fees usually involved are revolving interest fees and late fees.
revolving credit is essentially a small unsecured loan with daily interest. If it is not fully repaid on the last repayment date, revolving credit interest will be generated on the next statement, and the interest needs to be calculated from the date when consumption is recorded.
the so-called credit card late payment fee refers to the fee that the cardholder should pay to the card-issuing bank according to the regulations when the repayment date is not due or the repayment amount is less than the minimum repayment amount.
2. Leave a bad credit record.
Credit card users' overdue repayment will be recorded in bad credit records, and the basic database of personal credit information has been networked nationwide. As long as individual residents have handled lending business in banks, applied for credit cards, or provided guarantees for others, they can find credit reports in any domestic commercial bank.
3. Criminal responsibility is required for malicious overdraft.
article 196 of the criminal law stipulates that malicious overdraft refers to the behavior that the cardholder overdraws beyond the prescribed limit or time limit for the purpose of illegal possession, and still refuses to return it after being urged by the issuing bank.
those who maliciously overdraw, engage in credit card fraud, and if the amount is relatively large, they shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 2, yuan but not more than 2, yuan; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than 5, yuan but not more than 5, yuan; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 1 years or life imprisonment, and shall also be fined not less than 5, yuan but not more than 5, yuan or confiscated property.