Overdue credit card means that after using the credit card, the bank fails to repay the loan within the specified date, which is called overdue. In addition, the bank will charge interest on overdue repayment, with a daily interest rate of five ten thousandths. Interest is calculated from the day when consumption occurs, not from the day after the last repayment date. Calculate compound interest on a monthly basis, and the principal calculated by interest is the sum of the consumption funds of that month.

For example, a cardholder's credit card costs 2000 yuan. Before the due repayment date, his total repayment amount is 2000 yuan, and the minimum repayment amount is 200 yuan. If the card friend repays 200 yuan. Card friends will pay the remaining amount after the due repayment date. In this way, even if the cardholder is overdue.

The content of this article comes from: China Law Publishing House "General Knowledge Series of Legal Life"