The credit card repayment date is the third of every month. If you really have difficulty, you can apply for a repayment grace period. The payment must be made by the 6th at the latest, which will have a monthly impact on your credit. Credit cards generally have a three-day grace period after the repayment date. Repayment within the grace period is deemed to be repayment on time. If the cardholder pays off the card in full within the grace period, no fees will be incurred. If the repayment amount is less than the bank's stipulated limit, For the minimum repayment, interest will be charged at 0.05%. If the repayment exceeds the grace period, it will be considered overdue and interest will be charged at 0.05%. In addition, there will be a late payment fee. The late payment fee for bank credit cards is calculated as 5% of the unpaid portion of the minimum repayment amount. Minimum RMB 5, charged monthly.

Consequences of overdraft expiration

1. Overdue interest will be charged

After overdraft, there is generally an interest-free period ranging from 20 to 50 days. Repayment period. If you fail to fully repay the overdraft within this interest-free repayment period, all the expenses for the previous month will no longer enjoy the bank's interest-free treatment, and the recurring daily interest rate will be as high as 0.5%, that is, the annual interest rate will reach 18 %.

2. Late payment fees will occur

Late payment fees refer to when the repayment is not made before the due payment date (inclusive) or the repayment amount is less than the minimum repayment amount. Fees paid to the card-issuing bank. At present, the standard for late payment fees of most banks such as China Merchants Bank, China Construction Bank, ICBC, and Shenzhen Development Bank is 5% of the unpaid portion of the minimum repayment. The minimum late payment fee for CCB Long Card is RMB 5, while the minimum late payment fee for CMB Dual Currency is RMB 10. RMB or 1 USD.

3. Bad credit records will be generated

Users’ overdue repayments will be recorded in bad credit records, and the basic database of personal credit information has been networked nationwide. As long as residents apply at banks, If you have done loan business, applied for a loan, or provided guarantee for others, you can check your credit report at any domestic commercial bank. For customers with bad records, banks will treat them with caution in future loan applications and may require customers to provide mortgages and guarantees, may reduce the loan amount, increase the loan interest rate, or even refuse the loan. On the contrary, if the credit report has a good record, you may enjoy preferential treatment in terms of amount and interest rate in future credit business.

4. Litigation fees may arise over time

If the overdraft is not repaid after 2 months, the bank will call the user to remind the user to repay. If the loan is not repaid, the bank will ask a lawyer to issue a lawyer's letter to the user. If the user still refuses to repay after 180 days of overdraft, the bank will file a lawsuit in court, and the losing party will bear the litigation costs of the case. When a bank sues to require the user to repay, the bank usually wins, so this part of the cost will be borne by the user. bear.