Current location - Trademark Inquiry Complete Network - Overdue credit card - Credit cards are at their lowest level in eight years.
Credit cards are at their lowest level in eight years.
Do you want to ask, "Can I pay the minimum repayment amount of a credit card for 8 years?" This behavior will have some adverse effects on cardholders.

If the credit card has been paying the minimum repayment amount for eight years, then the bank will pay close attention to it. If the credit card limit is to be increased, it will be easily rejected by the bank. Cyclic interest will always be generated until the customer pays off in full and on time, resulting in a heavy repayment burden. In addition, the interest on credit cards may increase, so the amount to be repaid will accumulate.