Can I pay normally and withdraw cash if my China Merchants Bank credit card is overdue for 6 days?

Yes.

For overdue credit card payments, you can withdraw money directly as long as the card status is not frozen or blocked.

The card is frozen due to overdue payment. If the situation is not serious, after the debt is paid off, the card will usually return to normal within a few days, and you can withdraw cash after recovery.

If the situation is serious, the system will not automatically unfreeze the credit card after paying off the overdue balance. In this case, the user needs to apply for unfreezing, and the specific time to resume withdrawing money is uncertain.

Will my credit report be filed if my China Merchants Bank credit card is 5 days late?

Although a payment of 5 days late is considered overdue, not all overdue payments will be reported to the credit bureau. It mainly depends on whether the bank reports the overdue behavior to the central bank credit bureau after the overdue payment.

If you have already reported it, even if you pay off the debt immediately after it is overdue, it will still affect your credit report; if you pay off the credit card debt before the bank reports it, the bank will not pay it back. Reported, this can also save the credit report.

However, it is said that after the new version of the credit report, the bank must report it immediately after the due date. That is to say, the possibility of paying off the credit card 5 days late will affect the credit report, so don't go overdue easily.

If you have always maintained a good credit card repayment record, the impact of one overdue payment should not be serious.

But if you fail to pay back the overdue payment for a long time, the impact will still be quite serious. And if it is only 1 or 2 days overdue, then just pay it off in time and there will be no impact.

If your credit card is accidentally overdue once, there will be no adverse effects as long as you save it in time. If it is within the credit card repayment grace period, then it is completely fine. If you exceed the repayment grace period, overdue penalty interest will be incurred. You need The cardholder is responsible. Whether it will affect your credit report depends on how long you are overdue.

How to eliminate overdue bad records

1. Ask the bank to help delete overdue records

Banks usually collect customer credit card, loan repayment and other records from the People's Bank of China once a month The letter is uploaded once, so there is still a chance to delete it before the bank uploads the credit card overdue records to the People's Bank of China.

If the repayment is overdue for two or three days due to forgetfulness or other reasons, you can immediately contact the customer service of the bank's credit card center to explain the overdue repayment in detail to ensure on-time repayment in the future. Banks are usually accommodating and will help delete overdue records. However, the premise is that you have good credit in the past and are not overdue for a long time. If you already have a lot of overdue records before, don't have any extravagant expectations in this regard.

2. Find a bank to issue a non-malicious overdue certificate

If it has been overdue for a period of time and the overdue record has been uploaded to the People's Bank of China credit system when you contact the bank's customer service, you can still contact the bank's customer service. The bank communicates well. If you present a sincere attitude and the supporting documents required by the bank to convince the bank that you did not intentionally overdue, the bank will be able to issue a "certificate of non-malicious overdue payment."

The reason why we are afraid of overdue records is because if there are overdue loans, the loan will be affected. If the bank refuses the loan due to poor credit, you can obtain a loan pass by showing a "non-malicious overdue certificate", which is not much different from actually eliminating the overdue record.

3. Repay and wait for overdue elimination

If you are really unlucky and can't even get the bank's "non-malicious overdue certificate", then you can only repay the money on time. , and the overdue records will be eliminated by themselves. After your credit card is overdue, pay it back on time and maintain a good credit record. The overdue record will automatically disappear after 5 years. However, banks, financial institutions and other loans generally only refer to the credit records of the past two years. In other words, if the loan is repaid on time for two years after the due date, the loan will not be greatly affected.

Generally speaking, it is relatively easy to eliminate within a bank. If you have a good attitude, take the initiative to explain the reasons and take remedial measures, banks will usually help customers eliminate bad credit records. Once a period of time has passed (for example, some credit cards are overdue for 90 days), the negative records are updated to the central bank's database and are extremely difficult to eliminate.

Of course, the latter is not completely impossible to eliminate, but you just need to strongly prove that the commercial bank was at fault.

What to do if the payment on a China Merchants Bank credit card is overdue for more than 6 days

If it is a China Merchants Bank credit card and the minimum payment is not paid within 3 days after the repayment date, it is considered overdue. Overdue payment will result in penalty fees and interest, and will affect your personal credit and subsequent loan applications. It is recommended that you repay the money to your credit card as soon as possible.

(Response time: February 7, 2021. For the latest business changes, please refer to the official website of China Merchants Bank.)

Can you continue to apply for a credit card that has been overdue for six days? Can it be used?

It can be used. If your credit card is overdue, there will be the following consequences.

1. If the credit card overdue behavior does not constitute a crime, the party concerned shall bear civil liability. If the bank files a civil lawsuit against the party concerned, the party concerned shall repay the loan as soon as possible. If the payment is not repaid, the people may blacklist the party concerned. ; 2. Overdue credit card behavior is caused by malicious overdraft. It may be suspected of constituting a credit card crime and will be investigated for criminal responsibility. The judicial authorities will impose corresponding penalties on the parties concerned.

2. Legal basis: Article 196 of the Criminal Law of the People's Republic of China and the People's Republic of China. Anyone who engages in credit card activities under any of the following circumstances and the amount is relatively large shall be sentenced to not more than five years or criminal detention. , and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan; if the amount is huge or there are other serious circumstances, the sentence shall be not less than five years but not more than 10 years, and also fined not less than 50,000 yuan but not more than 500,000 yuan; if the amount is particularly huge or there are other serious circumstances In particularly serious cases, a sentence of not less than ten years or more, and a fine of not less than 50,000 yuan but not more than 500,000 yuan, or property confiscation may be imposed: Those who use forged credit cards, or use credit cards fraudulently obtained with false identity certificates; those who use invalid credit cards Pretending to use someone else’s credit card; overdrafting maliciously.

3. Credit card is a financing and financial management tool. Its function is consumption or cash withdrawal. With a credit card, you can go to the commercial service department that cooperates with the credit card for shopping or consumption, and then the bank will work with the merchants and cardholders. Settlement is carried out uniformly, and cardholders can overdraft within the prescribed limit.

4. Characteristics of credit cards: Credit cards have both payment and credit functions; they can reduce the use of cash; they can provide settlement services, facilitate shopping and consumption, and enhance a sense of security; they can simplify payment procedures and save money. Social labor force; can promote product sales and social demand.

5. Credit cards are mainly used to consume first and then repay. You can use bank funds to consume in advance and enjoy the interest-free period. This is a financial management method. A credit card is not a savings card, and interest will not be charged on deposits in the credit card. Credit cards can be used as payment tools and can be consumed directly through the card-swiping POS machines or online payment platforms installed by merchants. Banks will also provide you with various forms of points, discounts, installments, draws, promotions and other activities. Credit cards are still the main international payment tool. You can conveniently shop overseas and on international websites. If you are staying in a hotel on a business trip, only a credit card can complete the hotel pre-authorization for you.

That’s it for the introduction of China Merchants Bank’s credit card that is overdue for 6 days.