The credit lines of peer credit cards are all shared, and the specific credit line is subject to the higher of the two cards.
For example, if the credit limit of a credit card is 654.38+00000 and the credit limit of a postal credit card is 20000, then the total overdraft amount of these two credit cards is 20000, which is the sum of the usage amounts of the two cards, instead of one card being overdrawn by 654.38+00000 and the other card being overdrawn by 20000.
Credit card limit, also known as credit card available limit, refers to the maximum amount of credit card you can use, including credit limit (that is, the maximum overdraft limit of credit card) and the amount deposited in credit card.
Extended data
In fact, every credit card has a hidden limit. The credit card is maxed out, so it's easy to use the over-limit line. Once it is used beyond the limit, it means paying a high over-limit fee.
Many consumers have a bad grasp in the process of shopping, and credit cards are often maxed out. I suggest you apply to the bank in advance to increase the temporary limit, which will not only avoid the explosion of credit cards, but also increase the credit limit. The minimum repayment amount must be paid in full to avoid late fees.
In our daily life, we often encounter the situation that the capital turnover is ineffective. At this time, you can choose the minimum repayment limit to repay, which can ensure that your personal credit record will not be affected, and there will not be too many late fees. However, it is important to note that the minimum repayment amount must be paid in full, otherwise you will encounter a high late payment fee. ?
Precautions for use:
1. The overdraft interest is 0.5 ‰ of the daily interest rate, with compound interest on a monthly basis.
2. If you use a credit card, you can enjoy interest-free, that is, no interest, if you repay in full before the due repayment date.
If only the minimum repayment amount is paid, there will be no such treatment, and interest will be charged from the day after consumption. If cash is withdrawn, interest is inevitable regardless of whether it is repaid in full before the due repayment date, and it will be charged at the interest rate of five ten thousandths from that day.
4. If it is overdue, there will be a late fee, and 5% of the unpaid part of the minimum repayment amount will be charged at one time.
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