Generally, the minimum repayment interest of a credit card is calculated on a daily basis. Generally, from the next day of repayment, interest will be levied on the unpaid part, and the interest will be calculated on a daily basis at five ten thousandths until the debt is paid off.

For example, if the bill amount of a certain period is 1 yuan and the minimum repayment amount is 2 yuan, the remaining 8 yuan will be charged daily interest, and the daily interest is 8*.5%=1.6 yuan.

consequences of overdue

1. liquidated damages, generally the minimum repayment amount, are 5% of the unpaid part.

2, high interest, and it is a rolling interest, and interest is very scary when there are many debts.

3. The overdue period will stain the credit record, which will lead to the inability to handle financial needs such as house purchase and loan in the next two years.

4. If it is overdue for more than 3 months and the amount exceeds 1,, the bank has failed to make several reminders, and it will not only pay back the money, but also bear criminal responsibility.

Extended information:

If you don't intend to continue using your credit card, you must do it. If you don't cancel your account, the bank will charge you an annual fee for your credit card.

you can apply for account cancellation at any time if the card is not overdrawn. If the card has not expired, you need to apply first, and then go to the bank for account cancellation after a certain period of time; If the card has expired and the account balance is zero.

then you can go directly to the designated bank outlets for account cancellation. When closing the account, you should bring the original valid identity certificate and card. If it is not convenient for me to go through the formalities of closing the account, someone else can do it for you.

the agent must hold the power of attorney written by the principal (himself) and bring the original valid ID card to handle the account cancellation business. If your card has not expired when you cancel your account, some banks stipulate that you need to go to the designated outlets to handle the card collection business.

come back after a certain period of time (up to 3 days) for formal account cancellation. This is mainly because if the cardholder has done a manual card pressing transaction before closing the account, the merchant has not submitted the card pressing form to the bank for entry when closing the account.

the cardholder has closed the account, so the bank can't liquidate normally; On the other hand, if the cardholder is in consumption abroad or withdraws cash, it may be several days before liquidation. If the account is cancelled immediately, it will also affect the normal liquidation of the bank.

Baidu encyclopedia-credit card