1. overdue interest: the overdue credit card will generate high interest, and the arrears during the overdue period will be calculated at high interest rate, resulting in an increase in repayment amount.
2. Default record: overdue repayment will leave a bad record in personal credit report, which will affect personal credit rating and credit score.
3. Credit card limit: The issuing bank may reduce or freeze the credit card limit after the credit card expires, resulting in the inability to use or reduce the available limit.
Detailed description:
1. overdue interest: the overdue interest of credit cards is usually higher than the normal interest rate. If the repayment is delayed for one month, the repayment amount of next month will increase, because the repayment amount includes not only the principal, but also overdue interest.
2. Default record: Overdue repayment will leave a bad record in the personal credit report. Such a default record may have a negative impact on personal credit information and reduce personal credit rating. Low credit rating may lead to problems such as lower credit card limit, rejected loan application or higher interest rate.
3. Credit card limit: After overdue repayment, the issuing bank may reduce or freeze your credit card limit. This means that your available amount will be reduced, and you can't use your credit card to make purchases or pay other bills. This will bring inconvenience to life and limit your spending power.
Summary:
If the credit card is overdue for one month, it will generate overdue interest, leave a record of default, and may also lead to the credit card limit. Therefore, timely repayment is an important way to maintain a good credit record, and it can also reduce unnecessary extra expenses and adverse effects.
Extended data:
Generally speaking, credit card bills have a fixed repayment date in the future, usually one month after the bill date. The minimum repayment amount is the minimum repayment amount stipulated by the credit card issuing bank, and overdue repayment refers to the failure to pay off the minimum repayment amount within the specified time. Each credit card issuer may have different penalties for overdue repayment, such as overdue interest rate and late payment fee. Therefore, it is very important to understand the specific provisions of personal credit cards and pay attention to timely repayment.
In addition, overdue repayment will not only affect personal credit records, but also increase economic burden and lead to economic pressure. Therefore, it is very important to ensure a reasonable consumption plan, make a good budget, abide by the credit card repayment regulations and develop good repayment habits.