Why are credit cards increasing?
1, minimum repayment amount
The minimum repayment of many banks is 65438+ 00% of the bill of the month. For example, the debt 1000 yuan will not be overdue even if it is repaid normally. However, if repayment is made in this way, the remaining outstanding debts cannot enjoy interest-free, and the interest will be calculated in full at the rate of five ten thousandths per day from the date of consumption. The longer it takes to pay off all debts, the greater the interest.
I mistakenly thought that I had paid it back.
For example, some card friends confuse the billing date of the credit card with the repayment date, and as a result, they think that whoever knows that there will be no repayment after repayment, and the returned money can only be regarded as overpayment, not as current bill arrears. Or the automatic repayment function is enabled, and the balance in the repayment card is insufficient. After the bank failed to deduct money, there was no manual repayment, which must be overdue. If it is overdue, it will generate interest and collect liquidated damages.
3. I mistakenly think that there is a grace period.
Many cardholders think that all credit cards have a grace period, so they often do not repay on the last repayment date, but postpone repayment for a few days. Who knows that some banks' credit cards have no grace period at all, such as ICBC. In this way, I will repay the loan within the grace period I mistakenly thought, but it is actually overdue.
4. The repayment did not arrive in time.
Although some card friends repay on the last repayment date, they don't grasp the time of payment because they transfer the payment through a third-party platform, and they may also be overdue because they don't arrive in time, and the more, the more.