If you delay the payment of a credit card for one month, you will have a bad credit record and you will need to pay late fees and 0.5% interest per day. And overdue records will automatically enter the credit reporting system of the People's Bank of China and no commercial banks need to report them. So even if the payment is one day overdue, it will still be visible in the system.

The consequences of an overdue credit card are:

1. The bank credit card bank center will charge late payment fees and interest: the late payment fee is calculated based on 5% of the unpaid portion of the minimum repayment amount, and the minimum charge is RMB 10 or At the same time, the bank will charge an interest of 0.05% per day on the entire bill.

2. Impact on credit: Overdue is counted as overdue once in a month. If you are overdue even once, it will be difficult to increase the credit limit. If you are overdue 3 times in a row or 6 times in total, you will have a bad credit record. You will get a loan or apply for a credit card in the future. It will be difficult.

3. The bank will freeze the credit card if it is overdue for a certain amount and time. Overdue records that have been generated cannot be undone, but you can overwrite them after 24 months of on-time repayment during future use.

Extended information:

Notes:

1. Consumers should pay attention to the interest-free period when making repayments. Repayments within the interest-free period can be waived. Loan interest for non-cash transactions, otherwise the bank will charge loan interest and late fees. It should be noted that if the cardholder only repays part of the loan but it is higher than the minimum repayment amount during the interest-free repayment period, most banks will charge the cardholder interest on the entire overdraft instead of the interest on the unpaid part of the loan. Because the bank regards the cardholder as giving up the interest-free repayment treatment.

2. Credit cards only enjoy the interest-free repayment period of the bank when the overdraft is used for consumption. There is no interest-free repayment period for cash advances. Overdraft consumption should be made by credit card as much as possible.

3. Credit cards issued by different banks have different annual fees and annual fee exemption conditions, late payment fees, cash withdrawal fees, interest calculation methods, etc. Once there are too many credit cards, there may be confusion, and ultimately Personal credit may be jeopardized. So be sure to apply for a credit card as needed.

Baidu Encyclopedia - Overdue Repayment

Baidu Encyclopedia - Credit Card