It takes five years for an overdue credit card to be completely eliminated. If the cardholder pays off the balance on time within 24 months, the previous bad credit record will be erased. The information on the credit report only scrolls and displays the past two years, so as long as the cardholder has used the overdue credit card for 2 years and maintained a good credit record, the bad record will be overwritten. If a credit card is overdue many times, the impact will be serious. It is best to repay on time when using a credit card. Malicious overdraft refers to the cardholder's behavior of overdrafting beyond the prescribed limit or within the prescribed period for the purpose of illegal possession, and still refuses to return the card after being called upon by the card-issuing bank.

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

1. Overdue credit card penalties;

2. Overdue interest;

3 , Bad credit record;

4. Criminal liability for malicious overdrafts;

5. Credit card overdue repayment records will be recorded in the central bank’s credit reporting system and generate bad credit records;

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6. If the overdue amount is large, the bank will directly sue the cardholder for credit card fraud and malicious overdraft.

2. Will a credit card overdraft freeze the account?

1. After the credit card expires, the bank will freeze the credit card. At this time, the credit card can only be repaid, and no more purchases, cash withdrawals, or transfers can be made. .

2. As for freezing the savings card, the bank must sue the user for not repaying the credit card overdue, and the court must enforce it after the negotiated repayment fails. Only in this way will the savings card under the user's name be frozen and used to return the credit card. Condition.

3. Of course, some bank credit cards have signed a withholding agreement with the bank card. If the credit card is not repaid overdue, the bank will actively deduct money from the bank card for repayment.

3. What’s the matter with the credit card’s limit being constantly reduced

1. Abnormal use of the card. Abnormal use of the credit card by the cardholder or regular credit card swiping behavior will directly lead to the credit card being processed by risk control. Usually It refers to maxing out the credit card at a specific time every month. This kind of card use will be easily regarded as cashing out, so it is reasonable to have the credit limit reduced.

2. The card has not been used for a long time. Some cardholders may have many credit cards in their name, but some of them have basically not been used after application and have been idle for a long time. This type of user will make the bank feel that they are not highly dependent on credit cards and do not need credit cards for consumption, so they will also reduce their credit limit.

3. Overdue credit card use is a very common thing, but it is also a serious violation of card usage, and it will also have a serious impact on personal credit. After a cardholder is overdue, the bank will consider his repayment ability to be relatively weak, and will naturally reduce the card's limit in order to avoid capital risks.

4. The time interval between card swiping is too short. When the cardholder swipes the card frequently in a short period of time and the amount is large, he will be suspected of cashing out news. If the same credit card is swiped too many times on the same day, the time for each swipe shall not be less than 15 minutes. If the card swiping machine is in a different city, the interval shall not be less than 5 hours.

Legal Basis

"Regulations on the Administration of the Credit Reporting Industry"

Article 16 The retention period of personal bad information by credit reporting agencies shall start from the bad behavior or incident. It shall be 5 years from the date of termination; if it exceeds 5 years, it shall be deleted.