The situations that can be reduced or exempted are:

1. If the non-malicious credit card is overdue due to unemployment or serious illness, you can ask the bank to explain the situation and request to reduce the overdue penalty;

2. Credit card overdue fines caused by unknown fees or charges not stipulated by the bank can be reduced or exempted;

3. Before the credit card repayment date, we have negotiated with the bank on the deferred repayment plan, and the overdue liquidated damages caused thereby can be reduced or exempted from the bank.

Interest is the use fee of money in a certain period of time, and it refers to the reward that money holders (creditors) get from borrowers (debtors) for lending money or monetary capital. Including deposit interest, loan interest and interest generated by various bonds. Under the capitalist system, the source of interest is the surplus value created by hired workers.

How long is the credit card overdue?

1, more than 3 months; If there are six or more overdue behaviors in three months, the bank will set you as a credit blacklist, and this list will be uploaded directly to the central bank center, so you can't apply for credit services in the next five years, which actually has a great impact on yourself.

2, three consecutive overdue; If the credit card is overdue for three consecutive times, the bank will characterize it as malicious overdue. Once it is determined that the credit card is maliciously overdue, the consequences will be more serious than the credit card overdue. Banks will also start legal means to safeguard their rights and interests according to law, and the scope, breadth and depth of the negative impact are unimaginable.

Legal basis:

Provisions of the Supreme People's Court on Several Issues Concerning the Application of Law in the Trial of Private Lending Cases

Article 26

If the interest rate agreed between the borrower and the borrower does not exceed the annual interest rate of 24%, and the lender requests the borrower to pay interest at the agreed interest rate, the people's court shall support it. The interest rate agreed between the borrower and the borrower exceeds the annual interest rate of 36%, and the interest agreement in excess is invalid. The people's court shall support the borrower's request to the lender to return the part of the interest paid that exceeds 36% per annum. "

Article 678 of the Civil Code of People's Republic of China (PRC) * * * The borrower may apply to the lender for extension before the repayment period expires; If the lender agrees, it can be extended.