A credit card default happens when you fail to make any payment towards your credit card outstanding bill for a long period of time. Even if you fail to make the minimum payment towards your credit card for about 6 months in a row, you may be put in the defaulter list and your credit card account would be immediately deactivated.
Here’s the Deal
You will have to bear the consequences of defaulting on your credit card bill. However, all is not lost; you can still bounce back and work on improving your credit score. Click here to know how to deal with credit card default.