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Will there be interest if the credit card is forced to be suspended? You will understand after reading it
If you apply for a credit card, you must use it in a standardized manner, otherwise the bank may force the card to be suspended if you do not use it well. Many cardholders are worried that the forced suspension of their credit cards will not only prevent them from swiping their cards for consumption, but will also accrue interest. So, what is the real situation? Let me decipher it for you today.

Will there be interest if the credit card is forced to be suspended? In fact, whether there will be interest if the card is forced to be suspended depends on the credit card's outstanding status and the type of consumption. There are usually several situations where credit cards generate interest, one is overdue repayment, and the other is credit card cash withdrawal. If there is no outstanding balance after the credit card is forced to be suspended, the card will not be able to be used at most, and no interest will be accrued. If there is an unpaid debt, you must first look at the type of debt, such as cash withdrawal or consumption, and then make installments based on whether it is overdue. There are two situations: 1. If the credit card debt is all consumption transactions, if it is not overdue, , no interest will be generated. On the other hand, if the credit card is not repaid on time after being forcibly suspended, interest will naturally accrue on the overdue amount, and the interest will be calculated in full from the date of consumption, with a daily interest rate of 0.5%. 2. If the credit card debt is due to cash withdrawal, even if it is not overdue, interest will be calculated at a daily interest rate of 0.5%. As of the bill date, it will be included in the minimum repayment amount together with the principal of the debt, and then the bill will be paid later. The interest accrued on the day of payment will be included in the next bill. If the payment is overdue, interest will also be calculated. In short, there is no direct relationship between the forced suspension of credit cards and interest. If interest accrues, you must pay off the debt as soon as possible to prevent the interest from piling up and causing serious consequences to you. It may not be possible to pay off the debt by then. It can be solved.