The new credit card regulations in 2022 are as follows:

1. Liquidated damages replace late payment fees. After the implementation of the new credit card regulations, late payment fees arising from overdue payments will be replaced by liquidated damages. Although both charging standards are charged at 5% of the unpaid portion below the minimum repayment amount, liquidated damages will prevent compounding of interest. ;

2. The sentencing standards for credit cards have been raised. If a credit card is overdue, you may be held criminally responsible, especially if you maliciously overdraft your credit card, which constitutes credit card fraud, you will be arrested and imprisoned. The new overdue credit card regulations will increase the sentencing standard from the previous 10,000 yuan to 50,000 yuan;

3. The minimum repayment amount may be less than 10%. After the new credit card regulations, the minimum repayment amount of the bank is not necessarily 10%. The specific amount is decided by the bank itself. At present, most banks still set the minimum repayment amount at 10%, and some are 5% or even lower;

4. Set upper and lower limits on overdraft interest rates. In the past, credit cards that exceeded the interest-free period were calculated based on a daily interest rate of 5/10,000. However, the new rules set upper and lower limits for overdraft interest rates. The upper limit is a daily interest rate of 5/10,000 and the lower limit is a daily interest rate of 5/10,000. 0.7 times, generally in the range of 0.035% to 0.05%;

5. The interest-free period may exceed 60 days. In the past, the interest-free period for credit cards was as short as 20 days and as long as 56 days. However, after the implementation of the new regulations, the interest-free period of some banks can be up to 60 days, which is equivalent to two months of free use of the card. For cardholders, It is a good thing for people;

6. Credit card cash withdrawals are included in the minimum repayment amount. In the past, credit card cash withdrawals did not require a one-time repayment, but the new regulations stipulate that the monthly cash withdrawal amount will enter the minimum repayment amount of this month's bill, and must be paid off in one time, otherwise it will be overdue. This increases the repayment pressure on cardholders, so don’t withdraw cash easily.

1. What are the new regulations on credit card overdue in 2022?

The new regulations on credit card overdue in 2022 mainly focus on the following four points.

First, the interest-free period. According to the new regulations, starting from 2022, the interest-free period of credit cards will no longer be fixed. Banks can freely adjust the interest-free period of credit cards according to the bank's regulations or the personal circumstances of card users.

Second, penalty interest. Before the promulgation of the new regulations, after a cardholder overdue, overdue interest and late payment fees were calculated from the next day. Nowadays, the name of late payment penalty has been canceled in the new regulations, and the late payment penalty has been changed to liquidated damages. When banks collect liquidated damages, they can no longer charge interest from cardholders.

Third, minimum repayment. When users are unable to repay in full, they can use the minimum repayment method to repay the credit card.

Fourth, overdraft interest rate. If the credit card is overdrafted, the interest rate range changes to 0.035%~0.05%.

2. What are the consequences of an overdue credit card?

Overdue interest and liquidated damages will accrue after a credit card is overdue. If you are overdue for a long time and you still receive collection calls from the bank, and you insist on not repaying the loan, or refuse to answer the collection calls, then your family and friends will be disturbed by the collection calls.

Collection is only one aspect, it mainly leaves a stain on your personal credit. If the bank takes possession of your overdue records and uploads them to the central bank's credit system, your future credit business will be hindered to a certain extent.

What’s more serious is that if you are overdue for more than 90 consecutive days and refuse to repay, the bank will sue you in court. At that time, fines or detention are possible.

3. How to deal with overdue credit cards

After the credit card is overdue, the best way to deal with it is to pay off all the interest in time. After repaying the debt, take the initiative to call the bank's customer service personnel and explain the reason for your overdue payment. You said that you just forgot to repay the loan temporarily and did not intentionally overdue. You should request the bank to cancel your overdue record this time.

If you are unable to repay the loan in one lump sum, you can also propose to the bank to repay it in installments. At this time, you need to submit your income certificate and debt situation to the bank, and then work out a reasonable repayment plan yourself to show the bank your sincerity in repayment. In short, whether you have money or not, you have to pay back the money.

Legal Basis

Article 15 of the "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks"

Credit cards issued by commercial banks are divided into personal cards according to different objects of issuance. and unit cards.

Among them, corporate cards are divided into business travel cards and business purchasing cards according to their uses.

Business travel card refers to a credit card that commercial banks sign contracts with government departments, legal entities or other organizations to establish travel expense reimbursement and repayment relationships, and provide daily business expenses and financial reimbursement services to their staff.

Business purchasing card refers to a commercial bank signing a contract with a government department, legal person or other organization to establish a purchase expense reimbursement and repayment relationship to provide them with office supplies, office supplies, office matters and other purchases. Credit card for spending related services.