1. The annual interest rate for overdue credit cards must not exceed 24. The high overdue fees caused by the high overdue amount make it difficult for many people to pay back the money. You should always read the news and see such things as "credit card" The overdue annual interest rate reaches terrible figures such as 78”. In this regard, in order to avoid such high overdue annual interest rates, the Supreme Court issued the "Regulations on Several Issues Concerning the Trial of Bank Card Civil Dispute Cases" issued on June 6, 2018, which clearly stipulated: For the issue of overdue interest rates on credit cards, the maximum Referring to the relevant provisions of private lending, the court will not support the part where the total amount of interest and penalty penalty exceeds the annual interest rate of 24! That is to say, even if everyone is overdue in the future, the maximum annual interest rate for overdue credit cards must not exceed 24, so that everyone's repayment pressure will be relatively reduced!
2. Tips to avoid overdue credit cards Although there are new regulations on the maximum annual interest rate for overdue credit cards, if you can avoid overdue payments, you will not be troubled by overdue payments. So, what should we do in our daily credit card consumption to avoid being overdue? Here are a few tips for you!
1. Repay the minimum repayment amount. If you currently do not have enough money to repay the loan, you can choose to repay the minimum repayment amount first. You only need to pay off the minimum repayment amount on the repayment date. Yes, the minimum repayment amount of major banks is generally only 10% of the bill amount. This method is the first choice for emergencies for cardholders who cannot pay off their debts in the short term!
2. Activate the time tolerance service. Many bank credit cards now have the time tolerance service. Some banks will directly activate this service for you, but some banks need to apply for it yourself. Therefore, when you get a credit card, you must first consult customer service for confirmation. This service will still count as normal repayments for cardholders within a certain limit and within a certain period of time beyond the repayment date, and no late fees and penalty interest will be charged.
3. Have a plan for spending money in daily life. Of course, the most important thing is that everyone should be aware of it and consume rationally when using credit cards. In this way, you can control your consumption desires to a certain extent and avoid excessive card swiping, which may lead to overdue payments. Therefore, everyone must remember not to over-consume!