Under normal circumstances, bank cards will not be frozen

1. An overdue credit card will not freeze all bank cards in its name. Overdue credit cards will only freeze the bank's credit and debit cards. Bank cards from other banks do not have the right to be frozen. If the payment is overdue for more than three months or the bank fails to repay two or more times, the bank will freeze the card and list the user as a banned customer, and will sue the cardholder and ask the court to force repayment. If there is insufficient repayment, the court will freeze the cardholder's assets.

2. Usually, overdue credit cards are frozen, and customers need to pay off the balance and maintain credit before reinstating the credit card. If the cardholder's overdue situation is very serious, such as long-term arrears, the bank's repeated collections have been ignored, or even the bank cannot contact the person, the bank is likely to file a lawsuit in court. Once sued and refuses to repay after a court judgment, the court may put the cardholder on the list of dishonest persons subject to execution.

3. Once the cardholder is sued by the credit card, the consequences will be aggravated. Therefore, cardholders must repay their credit cards on time. If there is not enough repayment amount, he can negotiate with the credit card bank to solve the repayment problem through negotiation. Never get sued. If a dishonest person fails to fulfill his repayment obligations, the court can enforce the order, freeze his bank card, and transfer his funds to the bank for repayment.

1. How long will it take for a credit card to be frozen after it is overdue?

Normally it is more than 3 months. If your credit card is frozen because it is overdue, it means that the overdue credit card is very serious. "I'm terminally ill", because under normal circumstances, for cards with a short overdue period, the bank will call to remind you to repay. Once the communication fails and the card is overdue for more than three months, the bank will freeze the card. However, cardholders need to be aware that if the overdue amount lasts for 3 months or even more than 6 months, and the overdraft amount is relatively large, then it is very likely that your credit card will not only be frozen but also you will be blacklisted. In more serious cases, they may even go to court to sue you for credit card fraud and malicious overdrafts, and ask the court for enforcement. If you still refuse to repay after being sued, and the amount owed exceeds 10,000, the court will sentence you based on the crime of credit card fraud.

So after the credit card is frozen, it does not mean that repayment is not required. Because late fees and interest still apply, it’s best to pay off your balance as quickly as possible. After paying off the credit card balance, you can call the credit card customer service center of the issuing bank and explain the situation. The bank will usually help unfreeze the balance. After thawing, you must maintain good continuous consumption records within two years to avoid being affected when applying for other credit cards or loans in the future.

2. Can you not repay the interest if the credit card is overdue?

After the credit card is overdue, you cannot not repay the interest even if the credit card is overdue. Although the bank provides an interest-free and pending account service, it only allows customers to successfully apply for an interest-free and pending account. Interest will no longer accrue on subsequent arrears, but the interest accrued previously will still be recorded in the bill and needs to be paid off by the customer.

If the customer does not repay the interest and only repays the principal, the debt has not actually been paid off and is still overdue, and penalty interest will continue to be charged, which will also continue to have a negative impact on personal credit. If there are any adverse effects, overdue information will continue to be recorded in the credit report.

If the customer wants to repay, he must pay off all the principal and interest of the debt as soon as possible. If you really can't pay it off at the moment, you can apply to the bank's customer service for a suspension of interest rates and at the same time, you can also try to apply for extending the repayment period and repaying the debt in installments.

It is best for customers to avoid overdue situations. In fact, after the bill is issued on the bill day, if you find that the amount to be repaid recorded on the bill is too large, you can apply for bill installment in advance before the repayment date, or pay it back first. Let’s talk about the minimum repayment amount.

Legal basis

"People's Republic of China and Civil Code"

Article 671

The lender has not If the loan is provided according to the agreed date and amount and causes losses to the borrower, the borrower shall compensate for the losses. If the borrower fails to collect the loan on the agreed date and amount, the borrower shall pay interest on the agreed date and amount.

Article 672

The lender may inspect and supervise the use of the loan as agreed. The borrower shall provide relevant financial accounting statements or other information to the lender on a regular basis as agreed. Article 673

If the borrower fails to use the loan for the agreed purpose, the lender may stop issuing the loan, withdraw the loan in advance or terminate the contract.

Article 674

The borrower shall pay interest according to the agreed period. There is no agreement or the agreement is not clear about the period for payment of interest, and it cannot be determined according to the provisions of Article 510 of this Law. If the loan period is less than one year, it shall be paid when the loan is returned; if the loan period is more than one year, It shall be paid at the end of each year. If the remaining period is less than one year, it shall be paid when the loan is returned.

Article 675

The borrower shall repay the loan within the agreed time limit. If there is no agreement on the loan period or the agreement is unclear, and it cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time; the lender may urge the borrower to return it within a reasonable period of time. Article 676

If the borrower fails to repay the loan within the agreed time limit, he shall pay overdue interest in accordance with the agreement or relevant national regulations.