Consequences of overdue credit card:

Credit card late payment fee. The so-called credit card late payment fee refers to the fee that the cardholder should pay to the issuing bank according to the regulations when the repayment date (inclusive) is overdue or the repayment amount is lower than the minimum repayment amount.

Overdue interest. After a user overdraws with a credit card, there will generally be an interest-free repayment period ranging from more than 20 days to more than 50 days, that is, as long as the cardholder fails to pay off all the overdraft fees within the prescribed time limit, all the expenses of the cardholder last month will no longer enjoy the interest-free treatment of the bank, and the daily interest rate is as high as five ten thousandths, that is, the annual interest rate reaches 18%.

Legal fees. If the user overdraws for 2 months and fails to repay, the bank will call to remind the user to repay. If the repayment is not made, the bank will ask the lawyer to send a lawyer's letter to the user. If the user still refuses to repay after overdraft 180 days, the bank will bring a lawsuit to the court, and the losing party will bear the litigation costs of the case. Generally, the bank wins the case and requires the user to repay, so this part of the cost will be borne by the user.