Generally, credit cards have a grace period of 3 days. If the grace period is exceeded, it will be considered overdue.

Every credit card has a fixed repayment date. This repayment date is the last date for the cardholder to repay the debt. If the repayment date has passed, the credit card user has not made repayment, or has not repaid the debt. If the repayment amount is lower than the minimum repayment amount stipulated by the bank, it may be overdue.

As long as the credit card user pays off the balance within the grace period, the bank will regard the user as repaying the loan on time. However, if the credit card user fails to repay the loan within the grace period, the bank will start from the payment date. Credit card users will be considered overdue from that day onwards.

Extended information:

People without financial income, such as students, should not apply for a credit card easily. Even if they do not use the credit card, they still have to bear the annual fee and other items. In addition, the consequences of overdue credit cards are as follows:

1. Liquidated damages are incurred, which are generally 5% of the unpaid portion of the minimum repayment amount.

2. The interest is high, and the interest is compounded. The interest rate is very scary when the debt is large.

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.

Reference: Credit Card-Baidu Encyclopedia