A credit card that is overdue for three months will have the following consequences:

1. It will be reported to the People's Bank of China's credit blacklist. If the credit card debt amount exceeds 10,000, the card-issuing bank will collect two If the payment is not returned for more than three months, it will be regarded as a "malicious overdraft" and will be subject to certain criminal liability;

2. A bad credit record will be produced;

3. Overdue interest will be charged at a daily interest rate of 0.5%;

4. Late payment fees will be incurred, and late payment fees are usually charged at 5% of the overdue amount.

Extended information:

1. Credit card

Credit card, also called credit card, is a credit card issued by a commercial bank or credit card company to consumers with qualified credit. prove. It takes the form of a card with the issuing bank's name, validity period, number, cardholder's name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

2. Credit card repayment methods

1. Repayment within the card-issuing bank: repayment can be made at the card-issuing bank counter, ATM, online banking, automatic transfer, telephone banking, etc. The amount is generally It can be credited to your account after the system processes it on the same day. This method has a faster and more stable repayment time.

2. Transfer/remittance repayment: No matter which method is used for transfer or remittance, the remittance bank will charge a certain handling fee, which is not as convenient as in-store repayment and online repayment at the issuing bank.

3. Online repayment: You can repay on online payment platforms such as Alipay, Tenpay, and UnionPay. The charging standards and arrival times of different platforms are different. The above three repayment methods are the most suitable. Convenient.

3. Credit reporting

Credit reporting is a professional, independent third-party agency that establishes credit files for individuals or enterprises, collects and objectively records their credit information in accordance with the law, and discloses it to external parties in accordance with the law. An activity that provides credit information services, which provides a platform for professional credit institutions to share credit information.

A poor credit report will affect other credit services, employment, your spouse’s credit qualifications and even your children’s education.

Personal suggestion:

A three-month overdue credit card will not only generate high overdue interest and late payment fees, but will also affect your credit report and cause inconvenience to the lives of individuals and families in the future. It is recommended that you keep Cardholders pay off their balances in a timely manner. If the personal funds are insufficient and unable to repay, it is recommended to communicate with the bank in advance to explain that the debt is not malicious and to negotiate a solution.