Credit card arrears can not only repay the principal, but also repay the principal and interest. As long as the debt in the credit card is not paid off, it will continue to generate late fees and interest. Therefore, if you owe money to your credit card, you must pay it off in time to avoid double spending and interest will increase.

Generally speaking, every bank will charge a certain interest for overdue repayment, which is different from each bank, and is generally five ten thousandths of the interest. However, the value date should be calculated from the date of consumption, not from the day after the last repayment date.

It is suggested that if the total amount is not repaid, the minimum repayment amount can be repaid first, without affecting the credit line. At the same time, there will be a buffer period, so that the bank can know the flow of funds in your account in time and will not freeze the account.

When a credit card (debit card) holder chooses the minimum repayment method or uses a card that exceeds the credit limit approved by the issuing bank, he will no longer enjoy the interest-free repayment period, and will pay overdraft interest calculated at the prescribed interest rate for the unpaid part from the bank bookkeeping date.

References:

Baidu Encyclopedia _ Overdue repayment