The details are as follows:
1. The bank credit card requires the cardholder to repay on time every month, and requires the repayment to reach the minimum repayment amount. The minimum repayment amount refers to the amount that the cardholder needs to pay at least, which is generally a certain proportion (such as 5%) or a certain amount (such as 1 yuan) of the repayment amount;
2. If the cardholder only pays part of the money and fails to pay the minimum repayment amount, it will be regarded as overdue repayment;
3. After overdue repayment, the cardholder will face the following situations:
a. The option of only paying the minimum repayment amount will no longer be available;
B. Banks have the right to take measures such as overdue interest and late payment fees to further pursue repayment;
C. In case of non-repayment, the credit card account will be regarded as persistently overdue, which may have a negative impact on the credit history of the cardholder;
D. If it is overdue for a long time, the bank may take legal measures to recover the arrears;
4. To sum up, the cardholder will not be able to choose the minimum repayment amount after one month overdue.
Summary:
After one month overdue, the China Bank credit card will no longer support the minimum repayment option, and the cardholder needs to pay off the arrears in one lump sum or pay the full repayment amount as required by the bank.
Extended information:
Overdue repayment has a certain impact on personal credit records, which may lead to a decline in credit rating and affect the approval of personal loan or credit card applications. Therefore, cardholders need to repay on time to avoid the adverse consequences caused by overdue repayment.
Note: The above information is only the answers in common situations, which are subject to the credit card policy of China Bank and personal contract. For details, please consult the customer service department of Bank of China or refer to the relevant terms and conditions.