If the repayment of Everbright Credit Card is seven days overdue, the user’s credit report will be recorded. The consequences of an overdue credit card from China Everbright Bank:

1. If the credit card is not repaid on time, liquidated damages will be incurred, which is generally the minimum repayment amount and 5% of the unpaid portion.

2. If the credit card is not repaid on time, high interest will be generated, and the interest will be compounded. If the debt is large, the interest will be a lot.

3. Overdue credit records will be stained, resulting in the inability to handle financial needs such as house purchases and loans within the next two years.

4. If the payment is overdue for more than 3 months, and the amount exceeds RMB 10,000, and the bank has failed to pay multiple reminders, you will not only have to bear the repayment, but may also bear criminal liability.

Extended information:

1. Overdue repayment methods of Everbright Credit Card:

1. Within the issuing bank: including issuing bank counter, ATM, online banking, automatic Transfer, telephone banking repayment, etc. After repayment, the credit card limit will be restored immediately, and the payment will generally be credited to the account after the system processes it on the same day.

2. Transfer, remittance and repayment: mainly divided into two methods: inter-bank in the same city and inter-bank in different places. Regardless of the method of transfer or remittance, the remittance bank will charge a certain fee. At the same time, the time it takes for the money to arrive and the convenience of repayment are not as good as intra-peer repayment, online repayment, convenience store repayment and other methods.

3. Over-the-counter repayment: Over-the-counter payment refers to bank cards issued by various networked financial institutions. RMB current deposits and withdrawals can be made through the counters of other bank branches registered in the UnionPay Exchange Center host system. trade.

2. Things to note about the overdue credit card of Everbright:

After the credit card expires, some new charges that were rarely seen in the past will appear on the cardholder’s bill, such as over-limit fees. wait. The so-called over-limit fee refers to the additional overdraft amount granted by the bank after the cardholder reaches the total credit card overdraft amount, which is generally 10% of the original overdraft amount. The advantage of this is that the cardholder does not have to apply for a temporary increase in the limit or the card cannot be withdrawn; the disadvantage is that the cardholder has to pay an over-limit fee of 5% of the amount exceeding the overdraft limit.

In order to avoid being charged over-limit fees by the bank, some cardholders turn to the bank to apply for a temporary increase in the overdraft limit. The increase is usually 10%-20%. The period is usually one month. If the limit is exceeded, After a while, the credit card limit returned to its original limit. Therefore, cardholders must clearly note the period of the temporary limit to avoid overdue credit card repayments.

Before the credit card overdraft limit is automatically reduced to the original limit of 50,000 yuan, the cardholder should first repay the 30,000 yuan and control the unpaid amount within the overdraft limit of 50,000 yuan. This way you avoid paying over-limit fees. Bank financial planners also reminded that in view of the large number of card purchases during the Spring Festival, cardholders should pay special attention to the final payment date of their credit cards, which is the last day of the interest-free repayment period.

Prior to this, repayments are interest-free. If overdue, all consumption payments will no longer enjoy the interest-free repayment treatment. The bank will calculate interest on a daily basis from the day when the consumption occurs, using the consumption amount as the principal. Interest is 0.05%, compound interest is calculated monthly, and late payment fees are also charged. Credit card late payment fees refer to the situation where the cardholder's actual repayment amount is lower than the minimum repayment amount on the due date of the credit card, and the cardholder must pay late payment fees for the unpaid portion of the minimum repayment amount.

It is generally 5% of the unpaid portion of the minimum repayment amount, but due to different policies of various banks, the minimum amount set is also different. Therefore, cardholders who have large overdrafts during the Spring Festival holiday must remember the final repayment date after receiving the bill, and strive to pay off all previous consumption before the due repayment date. If you really haven’t paid it yet, apply for installment repayment as early as possible or adopt the minimum repayment method to avoid being penalized by the bank.

Baidu Encyclopedia-Credit Card

Baidu Encyclopedia-Overdue