2. If the credit card is overdue due to the inability of the cardholder to repay the arrears after a large amount of consumption, it will have a bad credit record and affect personal credit information. Credit card overdue for more than 3 months or accumulated overdue for more than 6 times can directly refuse the loan application.
3. Malicious overdraft of credit card refers to the behavior that the cardholder overdraws beyond the prescribed limit or time limit for the purpose of illegal possession, and refuses to return it after being urged by the issuing bank. Under normal circumstances, malicious overdraft is a breach of contract, and you need to bear the liability for breach of contract according to the credit card collection contract.
4. Malicious overdraft behavior includes two basic behaviors:
(1) Overdraft beyond the specified limit, that is, overdraft beyond the credit card regulations or the card issuer's permission.
(2) Overdrawing beyond the prescribed time limit means that the principal and interest are not returned within the prescribed time. Generally speaking, malicious overdraft of credit cards will leave a bad credit record in the issuing bank, which will affect the personal credit of cardholders.
Extended information 1. Credit card overdraft is a short-term overdraft given by the credit card issuer to the cardholder when shopping with the card. For credit cards, it is allowed to "consume first, then repay", and overdraft is an important feature.
2. For debit cards, "deposit first, then spend", but under the premise that it is recognized as goodwill overdraft and repayment is guaranteed, cardholders are also allowed to overdraw an appropriate amount in a short time in case of urgent need of money. Overdraft interest is generally much higher than bank loans in the same period, and card issuers also have a set of measures to prevent and recover overdraft risk losses.
3. Overview:
Overdraft cash withdrawal is a small cash loan provided by the bank to help you flexibly allocate funds when you are in urgent need. Generally speaking, you take a credit card from the bank and withdraw cash through the bank counter or ATM, which is a form of borrowing. If you spend money in a shopping mall, take a credit card directly. This is called overdraft consumption (interest-free period).
(1) The overdraft withdrawal amount is set according to your card usage, and the withdrawal standards of different banks are different. The minimum shall not exceed 30% of the credit line, and the maximum shall be 100% of the credit line.
(2) In addition to the withdrawal fee (the withdrawal fee varies from bank to bank), domestic and foreign overdrafts must also pay interest and do not enjoy interest-free treatment.
(3) Overdraft can be repaid as you borrow it, with daily interest, with a daily interest rate of five ten thousandths; No overdraft, no interest, no interest for repayment on the day of overdraft, and interest for as many days as overdraft.
(4) If the cardholder fails to repay the loan in time, interest will be charged at 0.5 ‰ per day from the next day of consumption, and the overdue account will be compounded, so the longer the overdue time, the higher the daily interest will be.
Baidu encyclopedia-credit card overdraft