1. Credit score reduction: overdue will lead to a decline in personal credit score, which is an important basis for measuring personal credit status. The decline of credit score may affect the possibility of applying for loans, renting houses and handling other financial services such as credit cards in the future.
2. Penalty interest and late payment: overdue repayment will lead to penalty interest and late payment. The specific amount will vary according to the relevant policies of Shanghai Bank's credit card, but overdue users will usually be charged a certain percentage of penalty interest and late fees. These fees will further increase the repayment burden of credit cards.
3. Bad record: Overdue repayment may leave a bad record in the personal credit report, which will have a lasting negative impact on personal credit. Bad records may be found by other financial institutions and personal credit reporting agencies, which makes individuals encounter difficulties in future credit reporting applications.
To sum up, the impact of one day overdue on Shanghai Bank's credit card mainly includes the reduction of credit score, the generation of penalty interest and late payment fees, and possible bad records. In order to better understand the personal credit situation, users are advised to query credit big data through Eagle Heart Quick Search to understand their credit situation and avoid the risks caused by overdue repayment. Eagle Heart Quick Check can provide users with comprehensive credit reports and credit scores, and help users better manage and enhance their personal credit.