1. Is there any other penalty interest for overdue credit cards?

1. Liquidated damages

If the cardholder fails to If you pay off the minimum repayment amount of the previous period's bill before the due payment date (inclusive), the bank will calculate and charge corresponding liquidated damages based on 5% of the unpaid portion of the minimum repayment amount in accordance with the "Bank Credit Card Regulations", with a minimum charge of RMB 10 Yuan or US dollar 1 dollar.

2. Interest

Interest is the so-called penalty interest, which is divided into full penalty interest and unpaid penalty interest. Simply put, it means that the interest is not paid on the last repayment date. repay within the period. Then all consumption amounts in the current bill will be charged interest at a rate of 0.05% (50,000) starting from the second day when the card is swiped until it is paid off.

2. How to deal with overdue bad debts on credit cards

If there are overdue bad debts, there will be two situations.

The first situation is a bad debt due to an overdue annual fee. This situation is usually caused by forgetting to pay the annual fee. After you have paid the annual fee in full, you can negotiate with the bank to let it go. Banks will help you get rid of bad records. Generally, banks will consider it as appropriate.

The second situation is that the credit card debt is overdue and forms bad debts. In this case, it is basically impossible to eliminate the bad records. But you can pay off your debt quickly to avoid more serious consequences. After dealing with bad debts, you can slowly improve your credit in the future, because covering up bad records with good card usage records is also a solution.

The contract for opening a credit card should be strictly determined in accordance with the credit card regulations signed with the bank. For example, if you use a credit card after opening it, you must repay it within the specified repayment period. Otherwise, you will need to bear heavy fines and liquidated damages.

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