Can I still use an overdue credit card?

A credit card that is overdue for 1 to 2 days can still be used. If the overdue time is too long, the bank will freeze the credit card and the cardholder cannot use the credit card for any consumption. If the card is overdue for more than 90 days, the cardholder will enter the bank's blacklist and it will be impossible to use the credit card, so you must repay on time.

If a credit card is overdue, the first thing to do is to repay it. After repayment, you can call the bank to explain the reason to ensure that it will not be overdue next time; the most important thing is to ask whether there is a credit report for overdue credit. , if you haven't yet, you can ask the bank not to report it. If it has already been submitted to the credit report, there is no chance of changing the overdue record at this time.

Penalty interest will accrue if your credit card is overdue. You must pay more when repaying to prevent overdue interest. In fact, banks provide credit card users with a repayment grace period. Most banks provide a repayment grace period of 3 days. However, ICBC does not have a credit card repayment grace period. ICBC credit card holders need to pay attention.

If the credit card holder still cannot pay the bill, he can apply for installment repayment or minimum repayment amount. There will be a handling fee for using installment repayment, but there will be no charges for all consumption using the minimum repayment amount. Enjoy the interest-free period and interest will be calculated from the date of consumption. These two repayment methods are relatively expensive.

Credit card overdue stage.

1-3 days overdue.

Cardholders who frequently use credit cards generally hold a large number of credit cards. In the process of continuous credit card repayment, it is easy to fail to repay on time or miss a certain credit card. Banks generally have an understanding attitude towards this situation and provide 1-3 days of delay service.

If the cardholder pays off the debt within the service period, the bank generally does not report it to the central bank's credit reporting system, which has little impact on personal credit reporting.

Overdue for 3-30 days.

After the credit card is overdue to this stage, the card-issuing bank will remind the cardholder to repay through text messages, phone calls, etc., and begin to charge fines and liquidated damages caused by the overdue credit card.

Dinders during this period are generally bank staff with good attitudes, easy communication, and will not affect their own lives. However, it is worth noting that overdue credit cards during this period have been included in the personal credit report. However, if the outstanding balance can be paid off in time, it is possible to eliminate the impact on the personal credit report through negotiation with the bank.

30-60 days overdue.

At this stage, credit card overdues have become more serious. Bank staff have begun to increase the frequency of collections on cardholders and have begun to contact cardholders' relatives and friends. The normal life of the cardholder will also be affected at this stage, because the impact of an overdue credit card on personal credit cannot be eliminated, and it will cause inconvenience to future house purchases and other loan businesses.

During this period, credit card holders should seek help from family and friends and try their best to repay or express their willingness to repay to the bank to avoid being considered a malicious overdraft by the bank.

60-90 days overdue.

If the cardholder fails to negotiate or repay with the bank during this period, the bank will determine that the cardholder has committed malicious overdraft behavior and entrust a third-party collection agency to force the cardholder to collect the money.

Card holders are often harassed by collection agencies and even threatened and verbally threatened. If the cardholder still fails to repay or is not willing to repay after three effective collections from the bank, the lawyer will issue a lawyer's letter to the cardholder.

90-120 days overdue.

Under normal circumstances, within 25-30 days after the card-issuing bank issues a lawyer's letter to the cardholder, if the cardholder fails to repay or fails to negotiate with the bank, the cardholder will receive a bank summons for the amount owed. If the amount exceeds 50,000 yuan, the cardholder will bear corresponding criminal liability.

Can I still use my credit card if it is overdue?

Whether you can use it or not depends on how overdue you are.

If the credit card is overdue for a few days, as long as the payment is made in time, the credit card can still be used. But if the following situations occur, using a credit card will not be so easy.

Scenario 1: The credit card account is frozen. If the credit card debt has been outstanding for a long time and the amount is large, the account has been frozen by the bank and cannot be used. The cardholder needs to pay off the outstanding balance and then apply to the bank for unfreezing before it can be used normally.

Scenario 2: Being put on the "blacklist" by the bank. If your credit card is overdue for more than three months, you have entered the bank's "blacklist" and the credit card cannot be used.

Main features of credit card:

1. Credit card is one of the fastest growing financial services today. It is an electronic currency that can replace traditional cash circulation within a certain range. ;

2. Credit cards have both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, and can also obtain certain loans from card issuers by using credit cards;

3. Credit cards are high-tech products that integrate financial services and computer technology.

4. Credit cards can reduce the use of cash;

5. Credit cards can provide settlement services, facilitate shopping and consumption, and enhance a sense of security;

6. Credit cards It can simplify the collection procedures and save social labor;

7. Credit cards can promote product sales and meet social needs.

Main types

According to different card issuers, they can be divided into bank cards and non-bank cards

Bank cards. This is a credit card issued by a bank. Cardholders can shop at the card-issuing bank's special merchants, and can also withdraw cash at any time at any branch of the card-issuing bank or at places with ATMs.

Non-bank card. Such cards can be specifically divided into retail credit cards and travel and entertainment cards. Retail credit cards are credit cards issued by commercial institutions, such as department stores, petroleum companies, etc., which are specially used for shopping in designated stores or refueling at gasoline stations, etc., and are settled regularly. Travel and entertainment cards are credit cards issued by the service industry, such as airlines, travel companies, etc., used for purchasing tickets, meals, accommodation, entertainment, etc.

According to the different objects of card issuance, it can be divided into corporate cards and personal cards

Corporate cards. Company cards are issued to various industrial and commercial enterprises, scientific research and education institutions, national party and government agencies, military units, groups and other legal entities.

Personal card. Personal cards are issued to urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable sources of income. A personal card is applied for in the name of an individual and he/she bears all responsibilities for using the card.

According to the credit status, status and other credit conditions of the cardholder, it can be divided into ordinary cards and gold cards

Ordinary cards. Ordinary cards are issued to cardholders with average financial strength, credibility and status, and their various requirements are not high.

Gold Card. A gold card is a high-end credit card that pays high membership fees and enjoys special benefits. Cards are issued to those with higher credit standing, stronger repayment ability and credit, or those with a certain social status. The authorization limit of the gold card starts from a higher level, and the additional service items and scope are much wider, so the requirements for relevant service fees and security deposits are also relatively high.

Can I still use my credit card after it is overdue?

Yes. If a credit card is overdue for two months, you can still use it after repayment. If it is overdue for three months, the bank will suspend the card, which means it cannot be used. If it is overdue for two months, the bank may freeze the account. You can continue to use it after repayment. Apply for activation. If your credit card has been repaid late or overdue before, you should pay it off first. After paying it off, you can call the customer service hotline to see if it can be restored.

Credit cards that are overdue for two months will generally be temporarily frozen. Whether you can still use it after paying it off after two months is overdue depends on the review of the bank system. Different banks have different penalties for overdue credit cards. You can try Pay off the credit card balance first, and then apply to the bank to resume use.

Take China Construction Bank Credit Card as an example:

1. If the CCB Credit Card is overdue for more than 30 days, the limit will be reduced to 50% of the original limit;

2. CCB Credit Card If the credit card is overdue for more than 60 days, it will be temporarily frozen;

3. If the CCB credit card is overdue for more than 90 days, the card will be forcibly suspended. Whether you can continue to use it after repayment depends on the bank's approval results.

1. If it is a China Merchants Bank credit card, due to overdue freezing of the card, there are generally two situations: after the repayment is received, the card limit will be restored immediately; after the repayment, the card still cannot be restored, you can directly cut the card and do Just handle it properly, there is no need to log out, and it cannot be logged out. Generally, if it is overdue for more than 30 days, it may be the second situation, and you cannot apply for another card. If you want to find out which situation your card belongs to, you can call our customer service to inquire.

2. In fact, there are many overdue situations, such as forgetting to repay, delayed bank transfer, malicious overdue, long-term arrears, etc. The consequences of overdue repayment will be different in each case. Some people may still be able to If you use the card, the person who uses it will lose the right to use the credit card forever. Here are several situations to discuss: For those overdue dues that are not malicious and the overdue time is not long, banks will generally turn a blind eye. As long as If you pay it off immediately after it is overdue, your credit card will not be frozen, so you can use the card as usual after paying it off. If the overdue time is too long and the overdraft is malicious, then generally if the loan is not repaid for more than 3 months, the bank will freeze the credit card, and the credit card may not be able to be used after repayment. However, it is best to contact your credit card customer service to see if it can be unfrozen.

Can a credit card still be used after overdue repayment?

Whether a credit card can still be used after overdue repayment depends on the reason why the cardholder is overdue. If the user is overdue maliciously, or does not repay the loan for a long time, he will need to wait for a period of time after repaying the loan on time and improve his personal credit before using it. If you forget to repay or it is overdue due to force majeure, you can use it after paying off the debt if relevant proof is provided.

In other words, the cardholder owes money maliciously or does not owe money maliciously, but over-consumption without the ability to repay makes it impossible to repay, and the credit card cannot be used after repayment. In addition, the cardholder is not malicious in defaulting on the overdue payment, and has reasonable and sufficient reasons to prove that the credit card can still be used after repayment. If a credit card has a grace period, the cardholder must repay the balance within the grace period.

If you are really worried, it is recommended that you go to Yingxin Express to obtain a personal credit big data report to have a clear understanding of your credit status.

Extended information:

How to calculate credit card overdue penalty interest? Is there a formula?

If the credit card is overdue, the penalty interest is calculated on the full amount of the penalty. From the date of consumption, interest will be calculated at a daily interest rate of 0.05% every day until it is paid off. If it is spread across months, compound interest will be charged monthly. As for the calculation formula: 0.05% of the consumption amount is the number of days between the date of consumption and the repayment. In other words, if the payment is overdue, the user will not be able to enjoy the interest-free service.

If you really can’t afford to repay your credit card, you can choose to repay it in installments or the minimum payment, which will not affect your credit.

Can I still use my credit card after it expires?

It depends on the overdue time and severity. Generally, if you are overdue for more than three months, you will be blacklisted, and if you are overdue for one day, you will be charged late fees and interest.

1. If you forget to repay due to negligence, you must repay as soon as possible after it is overdue, preferably in full. Then call the bank's credit card center and state that the debt is not malicious. If the record has been good in the past and the overdue time is short, and it is found that the repayment is good after the overdue period, it may not be recorded as a bad record. Don't be careless in the future. Be sure to pay attention to the bank's bill notifications and collection information to avoid overdue payments.

2. Some people apply for credit cards and seldom use them. When the credit card is overdue for repayment, they plan to use the credit card completely and simply ignore the credit card, neither making repayments nor canceling the card. In fact, this approach is very wrong. If you continue to fail to repay, there will be an overdue repayment every month, which means a bad credit record will be recorded once a month. If you do not repay for many consecutive months, the bank will be found guilty of malicious arrears, your credit record will become worse, and the amount of arrears will become larger and larger. In serious cases, you will be sentenced and fined.

3. If the credit card is not paid overdue, the credit card center of the issuing bank will collect the payment. Due to ignorance and blind arrogance, some people not only refuse to repay the loan, but also "escape" by changing their address, mobile phone and other contact information so that the bank cannot contact them, thinking that the bank can't do anything to them. In fact, this approach is absolutely undesirable. When you apply for a credit card, your real-name information has been recorded by the bank. Once you "run away", the bank will determine that you have malicious overdrafts and arrears, and will call the police, who will list you as a wanted person.

4. Credit card repayment information will be recorded by the central bank's credit reporting system on a rolling basis for 24 months. That is to say, bad credit records caused by overdue credit card repayments will be kept in the credit reporting system for two years. If terminated with a card, the corresponding records will no longer be scrolled, but will be saved for a long time.

Therefore, after overdue repayment of a credit card, it is best not to cancel the credit card immediately after paying off the debt. Instead, you should insist on using the card for more than two years and keep your credit in good condition during the period. In this way, you can rely on rolling records to remove bad records from your credit report. Remove it from the system.

5. As a credit card holder, once you are unable to repay on time due to unemployment, illness or accident, before the final repayment period arrives, the card holder is best to proactively contact the bank's credit card center , state your financial situation, affirm that you do not owe money maliciously, and apply for delayed repayment and interest discounts. In view of the cardholder's active performance and previous good credit record, the bank will often agree to defer the repayment and negotiate with the cardholder a mutually acceptable repayment plan, deferment period, interest discount, monthly repayment amount, etc. In this way, if you proactively contact the bank and get the bank's consent to defer the repayment, you will not be recorded as a bad record, but it should be noted that you will be guaranteed to repay as agreed in the future.

Can I still use my credit card after paying it off overdue?

A credit card that is overdue for six months has formed a bad personal credit record and cannot be used anymore even after repayment.

The relevant situation is explained as follows:

1. The main reason why personal credit records have bad records is because most consumers have insufficient understanding of personal credit. Generally speaking, credit card holders such as If a credit card holder has overdue repayments three times in a row or a total of six overdue repayments, or the overdue repayments last for more than 90 days, a bad credit record will be uploaded to the People's Bank of China;

2. Credit card due to overdue repayments If the card has a bad record, the card issuer will freeze the card and cannot continue to use it, and it will affect other credit services in the next five years. Because all banks deal with risks, they are unwilling to deal with people with bad credit records;

3. After overdue repayment, the personal bad credit record will be maintained for five years, and the bad credit record will be cleared after five years.

Extended information:

The safety precautions when using credit cards are as follows:

1. Credit cards can only be used by the cardholder himself. Do not transfer the credit card to another person. others.

2. Please keep your personal information properly and do not tell others the validity period and other information.

3. When swiping your card for consumption, keep your credit card out of your sight.

4. When entering the password, please pay attention to covering it. Don’t set your password too simply, and don’t use your birthday, phone number, or ID number as your password. Never write your password on or with your credit card.

5. When you get the new card, you should sign on the back of the card immediately.