If you use a debit card to bind a credit card and set up automatic repayment, the bank will directly deduct the money from the debit card to repay the credit card. Otherwise, the bank will not have the right to debit the debit card even if the credit card is overdue.

1. Credit card repayment

If the loan is overdue for more than a certain period, the relevant records of the overdue user will be transmitted to the central bank's personal credit system. In addition to uploading overdue information to the central bank's personal credit reporting system, lending will continue to cooperate with third-party credit reporting agencies such as Qianhai Credit Reporting, Shanghai Credit Reporting, and Pengyuan Credit Reporting.

For loans that are overdue or not used for the purpose stipulated in the contract, interest will be charged at a penalty interest rate from the date of overdue or the loan is not used for the purpose stipulated in the contract until the principal and interest are repaid. For interest that cannot be paid on time, compound interest will be calculated based on the penalty interest rate.

The consequences of overdue credit card repayment are as follows:

1. Bearing high penalty interest

After a credit card default, the penalty interest fees usually involved are recurring Interest charges and late fees. Revolving credit is essentially a small, unsecured loan that accrues interest on a daily basis. If the full amount is not repaid on the final payment date, revolving credit interest will accrue on the next statement, and the interest will be charged from the date the consumption is recorded. Calculate interest.

2. Causing legal disputes

Violent credit card collection has become a hot topic. Many bank credit card centers outsource credit card repayment collection to some so-called "debt collection companies". These companies vary in quality. Debt collection methods are relatively rough and cause great trouble to customers.

3. Leaving "credit stains" in the national credit reporting system

In 2006, the central bank established a national unified basic database of corporate and personal credit information. Cards and loans will automatically generate a "credit report" of their own in the system. The "stains" in this report cannot be ignored. It will affect applications for various loans, insurance, job hunting, overseas study, etc. , bad records are generally kept abroad for 7 years.

2. Credit card repayment and bank card

If you use a savings card to bind a credit card and set up automatic repayment, the bank will directly deduct the money from the savings card to repay the credit card , otherwise the bank will not have the right to debit the savings card even if the credit card is overdue. Credit cards and debit cards are two separate accounts. If a user's credit card is overdue, there will be a certain penalty and it will affect the personal credit record. The bank can collect payments within the scope of the user's authorization, but it cannot deduct the user's savings privately. Account funds.