What will happen if the overdraft rules of Minsheng Bank Credit Card Center expire? How will the bank ask for payment?

There are several ways, the first (short-term 1 month), the second (medium-term within 2-3 months) and the third (more than 3 months).

In case of overdue payment, there is not only a fine of 5% of the minimum unpaid part (minimum 10 yuan), but also a full penalty interest (5/10000 per day, with interest on the day of consumption and compound interest on a monthly basis until the principal and interest are paid off). It will also produce bad credit records in the Credit Information Center of the People's Bank of China, which will affect the application for credit cards and bank loans within two years. If the payment is overdue for more than three months or the bank makes more than two reminders, the bank will freeze your deposit and list you as a prohibited customer (blacklist). At the same time, you may be sued for loan fraud, and the court will enforce it.

The most serious consequence of overdue credit card overdraft is that it will constitute the crime of malicious overdraft.

According to Article 196 of the Criminal Law of People's Republic of China (PRC), "malicious overdraft" belongs to the crime of credit card fraud.

Article 196 of the Criminal Law of People's Republic of China (PRC)

Whoever commits credit card fraud in any of the following circumstances, if the amount is relatively large, shall be sentenced to fixed-term imprisonment of 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, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan or confiscated property:

(a) using a forged credit card, or using a credit card fraudulently obtained with a false identity certificate;

(2) Using an invalid credit card;

(3) Fraudulent use of another person's credit card;

(4) malicious overdraft.

The term "malicious overdraft" as mentioned in the preceding paragraph refers to the behavior that the cardholder overdraws beyond the prescribed limit or time limit for the purpose of illegal possession, and refuses to return it after being urged by the issuing bank.