1. What is the meaning of overdue credit card?

Overdue repayment refers to exceeding the final repayment period stipulated by the bank and failing to pay the consumed amount in full in time. Deposit into a designated account. Generally speaking, each bank will charge a certain amount of interest for overdue repayment, and currently each bank is different, usually an interest of 0.05%. However, the interest accrual date is calculated from the date of consumption, not the date after the final repayment date.

2. How many days late is the credit card payment considered overdue?

Under normal circumstances, a credit card payment is considered overdue if it is not paid by the due date. However, some banks will have a 3-day interest-free period. , if the payment is made within 3 days after the final payment date, it will not be considered overdue, and if it is paid more than 3 days later, it will not be considered overdue. Overdue credit cards will incur penalty interest and liquidated damages, but the penalty interest and liquidated damages are usually included in the next period's bill, so you only need to pay off the credit card balance in this period.

3. What are the consequences of overdue credit cards?

1. Bad personal credit records are mainly due to the lack of understanding of personal credit by most consumers. Generally, credit card holders have bad records. If a cardholder, such as a credit card holder, has three consecutive overdue repayments or a total of 6 overdue repayments, or the overdue repayments last for more than 90 days, a bad credit record will be uploaded to the People's Bank of China;

2. Due to overdue bad credit card records, the card issuer will freeze the card and cannot continue to use it, which will affect other credit services in the next five years. Because all banks deal with risks, they are unwilling to deal with people with bad credit records;

3. After overdue repayment, the personal bad credit record will be maintained for five years, and the bad credit record will be cleared after five years.

The consequences of being overdue are still very serious. If you do not handle it in time, you may face the risk of litigation. Contact a legal advisor to solve your overdue troubles.