Credit card overdraft interest is the interest generated by users using credit cards to withdraw cash; Credit card penalty interest refers to the penalty interest if the user fails to repay on time after using the credit card. Usually, you must repay the loan on time after using the credit card, and you can't overdue it. When repayment is difficult, the cardholder can use installment repayment or minimum repayment amount.

Credit card installment repayment can choose different installments. It should be noted that the more stages, the more fees users pay. However, repayment can be made in advance after installment, which can save the expenses of handling fees. Users should not use this repayment method frequently, otherwise it will affect the withdrawal of credit cards.

Late repayment of credit cards will also affect personal credit information, which will affect the handling of various financial businesses after the credit information becomes worse, and all financial institutions can see this information. After the arrears are returned, the overdue record will be kept in the credit report for 5 years, and will disappear automatically after 5 years.

If the credit card cannot be repaid on time after use, the cardholder should reduce the consumption quota in time and find ways to increase the income, so as to pay the arrears in time. In fact, when users use credit cards, they should think about their repayment plans in advance. Under normal circumstances, the credit card consumption limit does not exceed 50% of the individual's monthly income and can be returned on time.

The above is what Bian Xiao shared for you about credit card overdraft interest and liquidated damages. More information can focus on the construction industry and share more dry goods.