1. What are the consequences of making the minimum monthly payment on a credit card?

1. High penalty interest is generated. The interest on the credit card comes from the amount you use it. Starting from the day you come to consume, 0.05% interest will be charged every day until you pay off all the borrowed funds. If the minimum repayment is made for a long time, the borrowed funds will never be repaid, and interest will continue to compound, and the money owed will become more and more. This is the so-called penalty interest. 2. It becomes more difficult to control, resulting in the inability to repay the money. Once you use the minimum repayment method to repay the credit card debt in the previous period, you will not feel that the interest is gradually increasing, and you will feel that there is no pressure to repay. In this way, you will use your credit card to spend without restraint, and gradually you will owe more money, and in the end you will not be able to pay it back. 3. If you use the minimum repayment for a long time, the bank will think that your financial strength is not high enough and you cannot afford a bank card with such a high limit, and they will lower your credit card limit. More seriously, your card will be blocked, which means that you are on the bank's blacklist. If you need a loan in the future, no bank will deal with you.

2. Can a credit card be repaid in advance?

The answer is yes, and there is no handling fee. Under normal circumstances, the order of credit card repayment is to pay the bills that have been issued first, and then the bills that have not been issued. The remaining money becomes "overpayment", and the overpayment will be spent first by default when swiping the card.

Some banks charge handling fees for withdrawing overpayments from credit cards, which requires the attention of cardholders. That is to say, if we have both paid and unpaid credit card bills, our repayment will be offset against the paid bills first, and the remaining money will be used to repay the unpaid bills.

Whether it is full payment or partial payment, the credit limit of the cardholder's credit card will be restored, but what will be restored is the repayment amount paid. If the current bill is not paid off by the final repayment date, late payment fees will be incurred and may also affect the cardholder's credit record.

3. What are the consequences of an overdue credit card?

1. The credit card becomes overdue first, resulting in high late payment fees and interest, and the interest is compounded on a monthly basis.

2. The credit card is suspended. If the cardholder fails to repay, his credit card will be suspended.

3. Personal credit stains. After having a bad credit record, it will be difficult to apply for a credit card.

4. After repeated collections by the bank, the credit card holder has not paid off the full amount or refused to repay. After the late payment fees and interest accrual on the credit card reach a certain amount, the bank will A prosecution was submitted to the court for "credit card fraud".

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