the bank may require the cardholder to repay the principal, overdue interest, late payment fee, over-limit fee, etc. If the cardholder maliciously overdraws a certain amount for the purpose of illegal possession and fails to repay the loan within the time limit, which constitutes the crime of credit card fraud, he will also bear criminal responsibility.
according to the provisions of China's criminal law, if a cardholder overdraws beyond the prescribed limit or time limit and fails to return it after being urged by the issuing bank, the cardholder who uses a forged credit card or a credit card fraudulently obtained with false identification, if the amount is relatively large, may be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 2, yuan but not more than 2, yuan. If the amount is especially huge or there are other particularly serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 1 years or life imprisonment, and shall also be sentenced to not less than 5,
Consequences of overdue repayment of credit card:
Overdue repayment of credit card after overdraft is a breach of contract. The bank may require the cardholder to repay the principal, overdue interest, overdue fine, over-limit fee, etc. If the bank files a lawsuit with the court and wins, the cardholder will also bear the litigation costs.
if the cardholder maliciously overdraws a certain amount for the purpose of illegal possession, and fails to repay the loan within the time limit, which constitutes the crime of credit card fraud, he will also bear criminal responsibility.
overdue repayment will leave a bad credit record for the cardholder, which will affect the cardholder's future loan behavior.
Generally, banks provide time and tolerance services for credit card repayment: if the cardholder owes less than 1 yuan within 3 days, it shall be deemed as timely repayment, and banks need to remind him 3 days before the due repayment date of the credit card. That is to say, within 3 days after the repayment date, call the customer service center of the issuing bank in time to apply for time-keeping service and repay in full, so that the credit will not be reported.
It should be noted that the Convention is not mandatory, but only advocates that banks provide time tolerance services for credit card holders, and there is no mandatory provision. Therefore, banks have different standards in the implementation of time tolerance. For example, if the greatest love in the universe persists, there will be no grace period.