Overdue repayment will lead to default interest on credit cards, and interest will be charged at the rate of five ten thousandths of daily interest; In addition, there will be a late fee, which is generally 5% of the overdue amount.

Not only that, the most troublesome thing is the personal bad credit record caused by overdue. "If a general credit card fails to repay more than three times, you can apply for a small credit card, but you can also borrow money, but the interest is very high. Those who repay more than six times or fail to repay once will be blacklisted, so you can't apply for credit cards and loans. " The staff member added.

Extended data:

First of all, the cardholder should pay off the arrears in time. If the credit card repayment is overdue due to bank reasons, or other acts of non-malicious default in credit card repayment, the cardholder may apply to the bank for personal objection handling and elimination.

In addition, the staff of the above-mentioned Guangfa Bank reminded that in case the cardholder has generated bad credit, don't think about canceling the card. "Starting from 20 12, the central bank issued new regulations on the retention time of credit records. According to the regulations, the retention time of personal credit records is changed to five years.

This means that if the cardholder has a bad record, after five years, the bad record will naturally be covered by a new record. Therefore, the best way after bad credit occurs is to continue to use the card and keep it in good condition for a long time, so that personal credit records can be cleared through good credit transactions in the future. "

People's Daily Online-Do you understand what happens when a credit card expires?