The consequences of failing to pay the credit card are as follows:

1. Interest

There are two fees to be paid for the overdue credit card, one is the late payment fee and the other is the penalty interest. The late payment fee is usually 5% of the unpaid part of the minimum repayment amount, and the interest is 5/1 per day, and the interest is rolling.

2. Blacklist

If there are many overdue times or serious malicious refusal to repay, it will be blacklisted, and it will be troublesome to buy a car or a house loan. In addition, once blacklisted, it will affect the credit record.

3. Legal liability

Once the bank files a lawsuit, you will be investigated by law. If you maliciously overdraw your credit card for more than 9 days, the bank can file a lawsuit.

Extended information

Points for attention in using credit cards

1. Please apply for credit cards through formal channels or official websites

2. Please carefully study the credit card usage regulations and charging standards when signing the credit card contract

3. Credit cards should not be lent to anyone else. If anything goes wrong, the bank will only hold you accountable.

4. No matter whether you are in conflict with the bank or have doubts about consumption or have other circumstances, please try not to express your dissatisfaction by not paying back the money, because the credit card will directly affect your personal credit, which may seriously affect your children's political review.

5. The overdue credit card is not an ordinary civil loan dispute. Once the overdue principal is more than 1,, you can report to the police according to the relevant provisions of Article 196 of the Criminal Law. You will face fixed-term imprisonment or criminal detention, and you will be fined at least 2, yuan and turned over to the state treasury

Reference: Baidu Encyclopedia: Credit card collection.