1. How to calculate the interest after the credit card is overdue

If the credit card is overdue, the interest will be divided into two situations:

1. The overdue interest on bank credit cards is generally Interest will be calculated at an interest rate of 5/10,000 per day, and then compound interest will be calculated at an interest rate of 5/10,000 until the cardholder pays off the card in full.

2. Interest will be accrued on the full amount of the overdue balance, and compound interest will be charged on a monthly basis until the cardholder repays it in full. Currently, if a credit card is overdue, the bank will issue agreed interest for 5 months based on the cardholder's failure to repay the minimum repayment amount for more than 3 months.

2. What to do if your credit card is overdue

1. Quick remedy for overdue credit card

(1) If you encounter an overdue credit card, you should immediately call the bank service number and explain that it is not the case. If there is malicious arrears, please pay the arrears in a timely manner.

(2) Under normal circumstances, banks will have a 3-day grace period. Once cardholders find that their credit card is overdue, please handle it immediately to avoid leaving bad records.

2. How to deal with bad records

(1) If the cardholder has left bad records in the bank, do not rush to cancel the card after paying the outstanding balance and explaining the situation. , once the card is canceled, the personal credit record cannot be updated, and the bad record will always be recorded in the bank, causing serious consequences.

(2) The correct approach is to continue to use this credit card and maintain a good credit record for at least 2 years. It will basically not have an impact on personal mortgages, loans, credit card applications and other businesses.