What happens when the credit card is overdue for three months?

Credit card overdue for three months will have the following consequences:

1. will be reported to the credit blacklist of China People's Bank. If the amount owed by a credit card is more than 10,000 yuan, it will be regarded as "malicious overdraft". If the credit card is not returned after being collected by the issuing bank for more than three months twice, it will bear certain criminal responsibilities.

2. Bad credit records will be generated;

3. There will be overdue interest, which will be charged at the rate of five ten thousandths of the daily interest;

4. There will be a late payment fee, which is generally charged at 5% of the overdue amount.

Extended data:

I. Credit card

Credit card, also called debit card, is a credit certificate issued by a commercial bank or credit card company to eligible consumers. It is a card with name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.

Second, the credit card repayment method

1. Issuer's repayment: repayment can be made at the issuer's counter, ATM, online banking, autopay, telephone banking, etc. Generally, the payment can be recorded after being processed by the system on the same day. This way, the repayment time is fast and stable.

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 more inconvenient than in-bank repayment and online repayment.

3. Online repayment: repayment can be made on online payment platforms such as Alipay, Tenpay and UnionPay. The charging standards and arrival time of different platforms are different, which is the most convenient of the above three repayment methods.

Third, credit reporting.

Credit investigation is an activity that a professional and independent third-party organization establishes credit files for individuals or enterprises, collects and objectively records their credit information according to law, and provides credit information services to the outside world according to law. It provides a platform for professional credit reporting agencies to enjoy credit reporting.

Poor credit information will affect other credit business, employment, spouse's credit qualification and even children's education.

Personal advice:

If the credit card is overdue for three months, it will not only generate high overdue interest and late payment fees, but also affect the credit investigation and bring inconvenience to individuals and families in the future. It is recommended that cardholders pay off their debts in time. If the personal funds are insufficient and unable to repay, it is recommended to communicate with the bank in advance to explain that it is not a malicious debt and negotiate a solution.