Late fees on credit cards will affect your credit.

Credit card late payment fees refer to the situation where the cardholder's actual repayment amount is lower than the minimum repayment amount on the due date of the credit card, and the cardholder must pay late payment fees for the unpaid portion of the minimum repayment amount. The proportion of late payment fees is uniformly stipulated by the People's Bank of China, which is 5% of the unpaid portion of the minimum repayment amount.

Article 22 of the "Bank Card Business Management Measures":

That is, if the card-issuing bank fails to repay the minimum repayment amount of the credit card holder, it shall be treated as the minimum repayment amount. A late payment fee of 5% will be charged on the unpaid balance.

The behavioral pattern regulated by this law is the behavior of failing to repay the minimum repayment amount. The legal consequence is that a late payment fee of 5% of the unpaid portion of the minimum repayment amount should be charged. Obviously, the legal consequence is a violation of the card issuing bank and Liability for breach of contract between cardholders.

Credit cards generate late payment fees, which means they are overdue. As long as there is a late payment, a bad record will be left in the central credit reserve, which will have a negative impact on future credit cards and loans. But this record can be repaired, as long as the regular repayments in the next two years have little impact.