The national policy for overdue credit cards stipulates that late payment fees can be replaced by liquidated damages; the sentencing standards for credit cards are raised; the minimum repayment amount can be set to less than 10%; the minimum repayment amount is included in the cash withdrawal range of the credit card; The interest-free period may exceed 60 days, etc.

The policy for insolvent credit cards is as follows:

1. Liquidated damages instead of late payment fees: After the implementation of the new credit card regulations, late payment fees incurred for overdue payments will be replaced by liquidated damages. Although both charge 5% of the unpaid portion below the minimum repayment amount, liquidated damages will prevent profits from rolling over.

2. Raise credit card sentencing standards: If a credit card is overdue, you may be held criminally responsible, especially if you maliciously overdraft your credit card, constituting credit card fraud, and then be arrested and imprisoned. The new overdue credit card regulations increase this sentencing standard from 10,000 yuan to 50,000 yuan.

3. The minimum repayment amount may be lower than 10%: After the new credit card regulations are introduced, the minimum repayment amount of the bank is not necessarily 10%, and the specific amount is determined by the bank itself. At present, most banks still set the minimum repayment amount at 10%, and some are 5% or even lower.

4. Set upper and lower limits for overdraft interest rates: In the past, the daily interest rate of credit cards beyond the interest-free period was 0.05%, but the new rules set upper and lower limits for overdraft interest rates. The upper limit is 0.05% and the lower limit is 0.05%. is 0.7 times, generally between 0.035%-0.05%.

5. Interest-free period or more than 60 days: In the past, the interest-free period of credit cards was at least 20 days and no longer than 56 days. However, after the implementation of the new regulations, the interest-free period of some banks can reach 60 days, which is equivalent to two months of free use of credit cards, which is a good thing for cardholders.

6. The minimum repayment amount is included in the credit card for direct cash withdrawal: In the past, credit card withdrawals did not require a one-time repayment, but the new regulations stipulate that the withdrawal amount of the month will enter the minimum repayment amount of the month and must be made once Repay the loan promptly, otherwise it will be overdue. This increases the repayment pressure on cardholders, so do not withdraw cash easily.