If the credit card has a repayment grace period, and the repayment grace period is greater than or equal to 1 day, then no fee will be charged for 1 day overdue. The user only needs to repay on the same day, and the bank will regard the user as repaying on time. payment. Credit cards do not have a grace period for repayment. If you are overdue for one day, you will be charged liquidated damages and overdue interest. The liquidated damages are the unpaid portion of the minimum repayment amount of the current bill 5, and the overdue interest is the overdue amount * 0.05 * the number of overdue days. Therefore, users will need to pay an additional fee after the credit card expires, and repaying the credit card on time can save this fee.

Credit card overdue is divided into "tolerant" overdue and "tolerant" overdue:

"Tolerant" overdue means that on the due date of repayment, if the cardholder There is a grace period for people who fail to repay the loan on time. Different banks have different deadlines for overdue credit reports. Generally speaking, credit cards will be reported for about 1-3 days if they are overdue. Most banks have varying degrees of grace periods for credit card repayments. As long as you repay within the grace period, overdue records will not be reported to the central bank and will not affect your personal credit report. But there are also banks that do not have a grace period, such as Industrial and Commercial Bank of China, which must pay off the bill before the repayment date.

The so-called "tolerance" means that if the cardholder has insufficient repayment in the current period, and the unpaid portion of the account after the due payment date is less than or equal to a certain amount, the cardholder shall be deemed to be a cardholder. If you repay the loan in full, the outstanding amount will automatically be transferred to the next bill. In this case, it will not be recorded as a bad credit report. The tolerance amount is generally within 10 yuan, but different banks have different tolerance policies. There are also banks that do not have a tolerance amount, such as China Construction Bank and Citigroup.

Overdue credit card will result in high penalty interest and liquidated damages. As long as the credit card is repaid before the repayment date, no interest will be charged. If you use a credit card to withdraw cash and overdue after a large purchase, not only will interest be accrued, There will also be penalty interest and liquidated damages; it will affect your credit report. Credit cards are a business launched by banks. If you are overdue, you will have your own credit report. Generally speaking, as long as you are overdue more than 6 times or one time is overdue for more than three months, it is a credit report. Users whose credit is seriously overdue, as long as 4 years overdue, have been included in the credit blacklist.

The consequences of overdue credit cards are indeed very serious. Currently, many cardholders will be overdue. I advise everyone to pay off their credit cards in time and never overdue.