Of course, the daily interest rate on credit cards is 0.05. In addition to interest, a late fee of up to 5 will be charged each month. Most banks will offer interest-free policies to customers who are more than 3 months, 6 months and 1 year past due, but your credit check will cost you.

1. Taking Bank of China as an example, the fees for overdue payment: interest liquidated damages (formerly known as overdue fines)

2. Calculation of overdue fees, taking a debt of 50,000 yuan as an example . For example, your bill date is the 15th of each month and your repayment date is the 5th of the following month (usually 20 days apart). You swipe your card on September 16th and it won't be recorded until 30 days later on October 15th. The repayment date is November 5th, and you can enjoy the 50-day interest-free period of your bank card.

3. If you don’t pay, it depends on how much you need to bear. For example, if the current bill is 10,000 yuan, no fees will be charged for full repayment during the interest-free period. The daily interest after overdue is 5 yuan, plus the interest-free period of 20 days × 5 yuan = 100 yuan. Even if 9,500 yuan is paid off in the current period, the default interest will be accumulated at 5/10,000 of 10,000 yuan every day instead of 500 yuan.

1. Different debt structures require reasonable repayment planning based on individual actual circumstances. There is no universally applicable method. On the one hand, increase revenue and reduce expenditure. Remember not to tear down the east wall to make up for the west wall. On the other hand, banks are actively negotiating repayment plans with banks, and banks are also worried about bad debts. Additionally, we have legal protection. According to Article 70 of the "Regulations on the Supervision and Administration of Commercial Banks", cardholders can negotiate up to 60 personalized installments if they are willing to repay.

2. Disadvantages of overdue repayment: 1) Overdue fees, including penalty interest and liquidated damages; 2) Impact on personal credit record. If the loan company does not have a financial license, the debt will not be subject to a credit investigation, which will not affect your personal credit record. However, if you are sued to court and still refuse to return, you may be included in the list of dishonest persons subject to execution; 3) The circumstances are serious and constitute a crime, and you need to bear criminal responsibility according to law. If the party refuses to perform and maliciously evades the debt, it will rise to the level of crime. Criminal liability should be pursued for bad behavior.