Legal subjectivity:

1. What are the consequences of overdue credit cards?

1. Bank credit card banking centers will charge late fees and interest:

1. The late payment fee is calculated based on 5% of the unpaid portion of the minimum repayment amount, and the minimum charge is RMB 10 yuan or 1 US dollar

2. At the same time, the bank will also charge an interest of 0.05% per day on the entire bill. .

2. Impact on credit

1. If it is overdue within a month, it is considered overdue once. As long as it is overdue, even once, it will be more difficult to increase the credit limit;

2. If you are overdue 3 times in a row or 6 times in total, you will have a bad credit record, and it will be difficult to get a loan or apply for a credit card in the future;

3. If you are overdue for a certain amount and time, the bank will freeze the credit card.

2. The consequences of a credit card that is overdue for one year

1. The inability to use the credit card normally

If your credit card is overdue for one year, it is considered a serious overdue card. If this happens, the bank will freeze your credit card in order to avoid risks, and you will no longer be able to use your credit card normally.

2. Facing high overdue fees

The bank's interest is charged at a rate of 50,000 per day, and the interest will be compounded monthly. Once your credit card is overdue, you will no longer enjoy the interest-free period, and interest of 0.05% will be calculated every day. If it is overdue for one year, the interest rate will be quite high. In addition to interest, there are also a lot of late fees every month.

3. Enter the blacklist

If your credit card is overdue for one year and has not been paid back, you will be included in the credit blacklist without exception, and your personal credit will be greatly affected. If you are affected, you will no longer be able to apply for a credit card or loan in the future.

4. Being sued by the bank

When faced with customers who are seriously overdue and have not paid their dues, banks will file lawsuits in court. For example, if you are one year overdue, the bank will sue you in court in order to make you repay, and if you are one year overdue, you are likely to go to jail.

3. How long does it take for a credit card to be overdue to produce a bad record?

If it is only 1-2 days overdue, pay off the debt in time and explain the situation and reasons clearly to the bank. The bank may not necessarily treat the credit card as overdue. Overdue records are reported to the central bank.

According to the regulations of the People's Bank of China, all card-issuing banks are required to upload customers' consumption and repayment records regularly and cannot be tampered with. If you are overdue for more than three months or three times and still fail to pay after being called by the bank, the bank will freeze the credit card and list it as a banned customer (blacklist). It will also prosecute credit card fraud and malicious overdrafts, and the court will enforce it. The law is objective:

Article 196 of the "Criminal Law" Whoever commits credit card fraud in any of the following circumstances and the amount is relatively large shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined 20,000 yuan A fine of not less than 200,000 yuan but not more than 200,000 yuan; if the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than 10 years, and a fine of not less than 50,000 yuan but not more than 500,000 yuan; if the amount is particularly huge or there are other particularly serious circumstances , shall be sentenced to fixed-term imprisonment of not less than ten years or life imprisonment, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan, or have property confiscated: (1) Using a forged credit card, or using a credit card fraudulently obtained with false identification; (2) ) Using an expired credit card; (3) Pretending to use another person’s credit card; (4) Malicious overdraft. The term "malicious overdraft" as mentioned in the preceding paragraph refers to the cardholder's behavior of overdrafting beyond the prescribed limit or within the prescribed period for the purpose of illegal possession and failing to return the card after being called upon by the card-issuing bank. Whoever commits theft and uses a credit card shall be convicted and punished in accordance with the provisions of Article 264 of this Law.