The suspension of interest in credit cards mainly means that the cardholder cannot repay the credit card debt on the final repayment date due to special circumstances, but the cardholder is willing to repay and can negotiate with the bank to sign a personalized repayment agreement. With a loan agreement, the repayment can be divided into up to 5 years. Although no interest will accrue during this period, a portion of the principal and handling fees need to be repaid every month as stipulated in the agreement.

Suspension of debt and overdue credit will have an impact on personal credit, which will produce a series of negative consequences.

1. Although you may not be overdue after the interest rate is suspended, you are still a dishonest customer in the eyes of the bank, and you will be rejected for credit cards, bank loans and other businesses.

2. Credit card limit increase will be rejected. In the same way, some banks will check the credit report for limit increase, that is, post-loan management, and your credit report shows suspended interest and debt. , indicating that your repayment ability is not good, so naturally you will not easily increase the limit, and may even reduce it.

3. After suspending the interest rate and suspending the account, you must repay the loan on time as stipulated in the agreement. Otherwise, overdue payment will affect your credit report and be collected by the bank.