1. Cardholders who do not repay their credit card will no longer enjoy the credit card interest-free period. Interest will be charged at 0.05% per day starting from the day of consumption, and compound interest will be calculated on a monthly basis. A debt of tens of thousands of yuan will accrue thousands of yuan in interest within a few days. The longer the period, the higher the interest.

2. How important is your personal credit record? As long as you have applied for a credit card or a loan, you will know. Once your credit record is stained, it will be difficult to apply for a credit card.

This is not the most troublesome thing. The worst thing is that if you want to buy a house in the future and your credit is stained, the loan amount of the mortgage loan will be lower than others, and the interest rate will be higher than others. If the application is seriously overdue, you may even want more. If you pay interest rates, banks won't lend you money.

3. If the credit card is not repaid, the bank will take back the revolving credit granted to the cardholder and the credit card will be suspended. For repeated repayment arrears or long-term arrears of large amounts, the bank will consider the cardholder to have a higher risk of repayment, and will stop using the credit card and recover the arrears from the cardholder. This will cause the bank to encounter problems. If you still fail to pay back your credit card debt, the bank may apply to auction the cardholder’s other fixed assets