First, Guangfa Credit Card will have a three-day grace period. It won't make any difference whether you pay off the arrears or the minimum repayment amount within these three days. However, if the repayment is overdue for five days, it will be recorded as overdue and recorded in the central bank's credit information system, which will not be eliminated within five years.
Second, the credit card of Guangfa Bank is overdue, which not only requires the cardholder to pay the overdue fine and interest of Guangfa Bank, but also affects the cardholder's personal credit record. /kloc-If there are three or more bad records within 0/2 months (three times overdue), Guangfa Bank may freeze the credit card at any time and synchronize the bad records with the People's Bank of China. Cardholders' applications for credit cards, car loans and mortgages from various banks in the next five years may be rejected.
Third, credit card overdue fines. The so-called credit card late payment fee refers to the fee that the cardholder should pay to the issuing bank in accordance with the regulations when the repayment date is overdue or the repayment amount is lower than the minimum repayment amount. Overdue interest. After users overdraw with credit cards, there is generally an interest-free repayment period ranging from more than 20 days to more than 50 days. If the cardholder's repayment is overdue, all the expenses of the cardholder last month will no longer enjoy the interest-free treatment of the bank, and the circulating daily interest rate is as high as five ten thousandths, that is, the annual interest rate reaches 18%.
Fourth, bad credit records. Credit card overdue repayment records will enter the central bank's credit information system to generate bad credit records. China's personal credit information records have been networked nationwide. As long as individual residents have handled loan business in banks, applied for credit cards, or provided guarantees for others, credit reports can be found in any domestic commercial bank.
Verb (abbreviation for verb) litigation costs. If the credit card is not repaid for more than 3 months, the bank will ask a lawyer to send a lawyer's letter to the user and bring a lawsuit to the court, and the litigation expenses will be borne by the cardholder. Criminal responsibility of malicious overdraft. According to Article 196 of China's Criminal Law and relevant judicial interpretations, malicious overdraft 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. Whoever commits credit card fraud with malicious overdraft shall be investigated for criminal responsibility for the crime of credit card fraud, sentenced to fixed-term imprisonment of not more than five years or criminal detention, and fined not less than 20,000 yuan but not more than 200,000 yuan.