Exceeding the time limit will not only result in a 5% late payment fee for the minimum unpaid part, but also a full penalty interest (five ten thousandths of the daily interest, starting from the day of consumption, and recovering the interest on a monthly basis until the principal and interest are paid off) on the bill, and will also generate a bad credit record in the Credit Information Center of the People's Bank of China.

It will be difficult to apply for credit cards and bank loans after five years; If the payment is overdue for more than three months or the bank makes more than two reminders, the bank will freeze your card, list you as a prohibited customer (blacklist), and will also sue you for credit card fraud and malicious overdraft.

Court enforcement. If a person refuses to repay after being sued, and the amount owed exceeds 1 000, the court will punish him for the crime of credit card fraud according to Article 1 96 of the Criminal Law.