1. Repaying money on time will not show up on your credit report

Whether it is a loan or a credit card, repaying money on time will also show up on your credit report. The date of borrowing, institution, repayment status, etc., must be repaid on time, and there will be no overdue records. Only the card issuing bank will check the consumption records of its own credit card from the system, and other banks have no right to check other banks. Therefore, there is no need to worry that your credit card consumption records will be seen by others.

2. Late repayment or non-repayment will result in a credit report

After using a credit card, you must repay on time, otherwise it will affect your personal credit report. However, if the repayment exceeds the total consumption, it is not a good thing to have excess funds on the card, forming an "overpayment". If the overpayment remains on your credit card account for a long time, it may become a bad debt and appear in your personal credit record. It is understood that after overpayment occurs, if the credit card account is not used for a long time, the longer it takes, the easier it is to form bad debts.

: A credit card, also called a credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

1. Credit card consumption

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (Billing Date). Credit cards are divided into credit cards and quasi-credit cards. A credit card refers to a credit card in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; a quasi-credit card refers to a credit card in which the cardholder can A quasi-credit card that deposits a certain amount of reserve fund and can be overdrafted within the specified credit limit when the reserve account balance is insufficient for payment. The so-called credit card generally refers to a credit card only.

2. Interest rates

Starting from January 1, 2021, credit card overdraft interest rates will be determined independently by card issuers and cardholders through independent negotiations, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. The daily interest rate is 5/10,000, and the lower limit is 0.7 times the daily interest rate of 5/10,000). On May 25, 2021, the Supreme People's Court issued and implemented the "Regulations of the Supreme People's Court on Several Issues in the Trial of Bank Card Civil Disputes".