1, resulting in penalty interest and late payment.

The issuing bank shall calculate the daily interest with the consumption amount as the principal from the date of consumption, with the daily interest rate of 0.5 ‰ and compound interest on a monthly basis; For the unpaid part of the minimum repayment amount, a late fee of 5% will be charged every month.

2. Bad credit records will be generated, which will affect loans and card processing.

The arrears record will be fed back to the personal credit information system of the People's Bank of China, which will affect the cardholder's personal credit record and lead to the cardholder's failure to apply for a housing mortgage loan normally.

3. Malicious overdue will be sued by the bank.

If the cardholder overdraws beyond the prescribed limit or time limit and fails to return it for more than 3 months after being urged twice by the issuing bank, it can be considered as malicious overdraft, which constitutes the crime of credit card fraud.

What if the credit card of Hangzhou Bank is overdue?

1, repay the arrears in time and contact the bank actively.

If you find that it is overdue, you must repay it as soon as possible, especially in full. Then call the bank credit card center and declare that it is not malicious arrears. If the previous record has been good, the overdue time is short, and it is found that the repayment is good after the overdue, it is possible to avoid bad records.

2. Continue to use the credit card, and the bad credit record will be covered by the new credit card record.

Personal credit report shows the cardholder's overdue record within two years at most. Therefore, after overdue repayment, don't cancel the credit card immediately, but insist on using the card for more than two years, during which the credit is good and the bad records are removed from the credit information system.