Consequences of not returning the credit card
1, and high interest will be charged if it is overdue.
Users usually have an interest-free repayment period ranging from more than 20 days to more than 50 days after using credit cards to overdraw. If the cardholder fails to repay the overdraft in full during this interest-free repayment period, all the expenses of the cardholder last month will no longer enjoy the interest-free treatment of the bank, and the circulating daily interest rate is as high as five ten thousandths, that is, the annual interest rate reaches 18%.
2. There will be a credit card penalty.
3. Bad credit records will be generated.
Legal basis:
Article 21 of the Advertising Law of People's Republic of China (PRC) stipulates that the factual statements in advertisements shall be true, accurate and complete, and shall not mislead or deceive consumers. If it involves false propaganda, it will face administrative punishment or civil compensation and other punishment measures. It should be noted that everyone has the right to safeguard their legitimate rights and interests according to law. If false information is found and damaged, you can defend your rights through legal channels.