There are five reasons why credit cards cannot be overdrafted:
(1) It may be that your application information is not complete enough and your overall score is not up to standard, so the credit card you applied for does not have a limit.
(2) If the applicant meets the credit card application conditions, but the credit record is not very good, the bank may give a zero limit during approval, and you can save money first and then spend.
(3) It is also possible that the personal limit has reached zero and the credit overdraft limit has been used up.
(4) During personal consumption. I didn't pay attention to the overdraft limit on my credit card, which resulted in the overdraft limit being negative, so I couldn't continue spending.
(5) Malicious overdraft of credit cards will also affect the credit limit
Extended information:
Malicious overdraft behavior includes two basic behaviors:
First, the overdraft exceeds the prescribed limit, that is, the overdraft exceeds the provisions of the credit card regulations or the overdraft allowed by the card-issuing bank.
The second is overdraft beyond the prescribed period, that is, the principal and interest are not repaid within the prescribed time. Generally speaking, malicious credit card overdraft behavior will leave a bad credit record in the card-issuing bank and affect the cardholder's personal credit.
Characteristics of malicious credit card overdrafts:
(1) The overdraft limit is exceeded. Whether the overdraft limit is exceeded depends on whether the credit card account balance balance exceeds the limit;
(2) Failure to repay the principal and interest of the overdraft within the prescribed period and continuing to overdraft;
(3) Failure to obtain authorization from the card issuer before exceeding the limit or overdrafting, including evading authorization and forging authorization and fraudulent authorization;
(4) The overdrafter has the subjective intention to illegally occupy the funds of the issuing card.
Baidu Encyclopedia-Malicious Credit Card Overdraft