1. Credit information record: the bank will report the credit card repayment to the credit information agency, and the overdue repayment will be recorded in the personal credit information report. Credit report is one of the important bases for financial institutions to evaluate personal credit status. Overdue repayment will reduce the credit score, which will have adverse effects on applying for loans, handling credit cards and renting houses in the future.
2. Interest and liquidated damages: overdue repayment will lead to the delay of interest calculation and the occurrence of liquidated damages. According to the credit card contract, the bank will charge a fine within a certain period of time after overdue repayment, and calculate the interest on the overdue amount at a higher interest rate. This will increase the repayment burden of credit cards and may lead to longer-term debt.
3. Service restriction: Overdue repayment will lead to bad credit card account status, and banks may restrict some functions of credit cards, such as not being able to withdraw cash, not enjoying interest-free period, not being able to pay by installment, etc. This will have an impact on the practicality and convenience of credit cards.
To sum up, one day's overdue repayment of ICBC's credit card will have adverse effects on personal credit, including the decline of credit record, the increase of interest and fines, and the limited service. Therefore, it is recommended to repay on time as much as possible to avoid the negative consequences caused by overdue repayment.
Extended data:
The personal credit system in China is mainly constructed by the Credit Information Center of the People's Bank of China and the credit card departments of commercial banks. The credit center is responsible for collecting and sorting out personal credit information, and commercial banks submit personal credit information to the credit center. Overdue repayment will become a negative record in the credit report, which may affect the credit evaluation and credit granting behavior of financial institutions to individuals. Therefore, it is very important to maintain a good credit record, which is helpful to obtain better financial services.
Note: The above contents are for reference only, and the specific impact may be different due to personal circumstances and bank policies. If you have specific questions, please consult ICBC credit card customer service or credit reporting agency.