There are five main ways for banks to accept credit cards:

First, short message collection. Mainly for the cardholder's early and overdue repayment behavior, usually 7 to 15 days overdue. SMS mainly plays the role of reminder.

Second, telephone collection. Call to remind repayment mainly for overdue behaviors that are more than 30 days and more than one billing cycle.

Third, door-to-door collection. Mainly overdue for more than 90 days, the bank will arrange the collection staff to collect the repayment at the cardholder's residence or work address.

Fourth, the court sued. Mainly more than half a year overdue, the bank will apply to the court to sue the cardholder for repayment.

Fifth, outsourcing collection. Mainly for overdue 1 year or more, the bank packages and discounts overdue funds to the outsourcing collection company, which is responsible for overdue debt collection.

It should be noted that the preferential recovery activities of banks are generally aimed at penalty interest, and the principal is generally not enjoyed. For example, the method of encouraging repayment by discounting adopted by Minsheng Bank last year is also a disguised collection strategy, mainly targeting cardholders whose overdue penalty interest exceeds 1 year. Banks will reduce the penalty interest to a certain extent to encourage cardholders to repay as soon as possible and ensure the safety of the bank's principal. Short-term overdue cardholders generally cannot enjoy this policy.