What is the overdraft limit of a credit card?

The credit card overdraft limit refers to the available limit specified by the credit card issuer to the cardholder when making purchases with the card. Different levels of credit cards also have different overdraft limits. For example, the overdraft limit of a regular card is generally less than 10,000 yuan, the overdraft limit of a gold card is generally less than 50,000 yuan, and the overdraft limit of a platinum card can reach 100,000 yuan or more.

The credit limit refers to the maximum overdraft limit that the bank gives to the applicant when approving a credit card. Applicants can only swipe their card for consumption within this limit. If they exceed this limit, they will not be able to swipe their card for consumption or a certain fee will be charged for the portion exceeding the limit.

To withdraw cash, you need a credit limit, which refers to the maximum overdraft limit that the bank gives to the applicant when approving a credit card. Applicants can only swipe their card for consumption within this limit. If they exceed this limit, they will not be able to swipe their card for consumption or a certain fee will be charged for the portion exceeding the limit.

Overdraft amount division:

Civil servants: 5,000 yuan-10,000 yuan.

Self-employed (chattel mortgage): 10,000 yuan-30,000 yuan.

Self-employed (real estate mortgage): 20,000 yuan-50,000 yuan.

There is a handling fee for withdrawing cash, and the interest will be higher than using a credit card. The overdraft degree is based on the overdraft limit of your credit card. If your overdraft limit is 10,000 yuan, you can overdraft 10,000 yuan. Credit cards on the market today are generally interest-free for 51 days. But when withdrawing cash, there is no interest-free payment for 51 days.

How to increase credit card limit?

1. Use credit cards frequently and win by the number of card swipes. In daily life, credit cards are used wherever they can be swiped for consumption. Frequent use will definitely help cardholders increase their credit limit as soon as possible.

2. Guarantee the amount of credit card consumption every month. It is best to generate consumption records with a total credit card limit of more than 30 yuan every month. If you persist for more than half a year, the bank system will easily recognize the cardholder's spending power and actively invite the cardholder to increase the credit limit of the credit card.

3. Make sure that credit card payments can be repaid in full and on time. This is very important for credit card holders who want to increase their limit. If you cannot repay in full and on time, resulting in a bad credit card repayment record, it will not only affect the cardholder's personal credit report, but also greatly extend the time it takes for the credit card to increase its credit limit.

4. Enrich the consumption types of credit cards. Different consumption types will reflect the different consumption concepts and spending abilities of cardholders, which will also affect the progress of credit card limit increases to a certain extent. Within the scope of your ability, increase the opportunities for large-scale purchases on credit cards, thereby promoting the increase of credit card limits as soon as possible.

5. Increase the number of times you apply for temporary credit card limits. Multiple applications for the temporary limit of a credit card also show the eager desire of credit card holders to increase the credit limit, which in turn can speed up the process of increasing the credit limit.

6. Take the initiative to apply for an increase in your credit card credit limit. You can take the initiative to express your eagerness to increase the credit limit of your credit card to the bank through various channels, and proactively provide relevant asset certification documents, as well as relevant certificates of the continuous improvement of your own consumption capacity, so that the bank can accumulate more benefits for itself when conducting system evaluations. evidence to increase the credit limit of your credit card as soon as possible.

How much is the maximum overdraft you can have with a credit card? You can still use the maxed-out card!

Some card friends encountered a strange thing. They clearly overdrawn their credit card limit, but who knew that they could still make purchases? Wasn't it said that the credit card can only be overdrawn within the available limit? This situation What's going on? How much is the maximum overdraft you can have with a credit card? In fact, this phenomenon is not surprising. Let’s learn about it together.

In fact, this situation involves two limits, one is the available limit of the credit card, and the other is the over-limit limit of the credit card.

The former is easy to understand, that is, how much money you have on your credit card can be used as an overdraft. For example, if you have an available limit of 10,000 yuan, then your credit card can overdraft up to 10,000 yuan. But after using up the entire credit card limit, it is equivalent to maxing out the card, and then a second limit may appear, which is an excess limit.

This over-limit limit is when the bank gives the cardholder a consumption limit that exceeds the credit card overdraft limit. It is usually 10 of the credit card credit limit. For example, the credit limit of a credit card is 10,000, but usually this credit card can be used for purchases. The amount is 11,000 yuan, which means there is an overage limit of 10.

However, not all credit cards have over-limit limits. This mainly depends on the bank's regulations. If the bank gives you an over-limit limit, you can use the over-limit limit to continue using the card after maxing out your credit card. And if the bank does not allow you to exceed your credit limit, you will not be able to max out your credit card again.

According to what we know, except for Bank of Communications and China Merchants Bank, most banks have over-limit limits, but the specific over-limit proportions and usage methods vary. For example, China Guangfa Card can have an upper limit of 10 for over-limit swiping. Although Minsheng Bank has an over-limit limit, the cardholder needs to use the reserved mobile phone to edit a text message with "last four digits of KC" and send it to 106902895568 to apply for the over-limit swiping function.

The above is the relevant introduction to "How much is the maximum overdraft that can be achieved with a credit card". I hope it will be helpful to everyone. All in all, if the card issuer does not provide an overdraft limit, then the credit card can only be overdrafted within the available limit, and it cannot be overdrafted until the available limit is used up.

What is the maximum limit of a credit card?

The maximum limit of a credit card can reach more than 1 million. The specific limit depends on personal qualifications. The higher the qualification, the larger the credit card limit.

Generally speaking, the credit limit when applying for a credit card for the first time is about 3,000 yuan to 10,000 yuan.

Don’t be discouraged if your first-time credit limit is relatively low. You can increase your credit limit by maintaining good card usage habits.

Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement , deposit and withdraw cash, etc., an electronic payment card with all or part of the functions? On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the specified credit limit. The so-called credit card generally refers to a credit card only.

Starting from January 1, 2021, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. The daily interest rate is 0.7 times 5/10,000).

Credit cards are issued by commercial banks to individuals and organizations. They can use them to shop and consume with specially appointed organizations and deposit and withdraw cash from banks. They are special carrier cards with consumer credit. They are in the form of a card with the card issuing number printed on the front. Cards with bank name, validity period, number, cardholder name, etc., and a magnetic stripe and signature strip on the back.

A real credit card has the following characteristics: it is not encouraged to deposit cash in advance, consume first and repay later, enjoys an interest-free payment period, can repay in installments independently (with a minimum repayment amount), join VISA, MASTER Wait for international credit card organizations to make it universally applicable.

What is the maximum limit for a first-time credit card overdraft? Introduction to credit card overdrafts

The biggest highlight of credit cards is that cardholders can enjoy overdraft rights to a certain credit limit, and overdrafts have a certain interest-free period. Many cardholders want to know what is the maximum overdraft limit when applying for a credit card for the first time, and I will give you the answer today.

The maximum overdraft limit of a credit card is determined by the credit limit of the credit card. If the credit card limit is 10,000 yuan, then the maximum overdraft limit of the cardholder is 10,000 yuan; if the credit card limit is 20,000 yuan, then, The maximum overdraft limit is 20,000 yuan.

Under normal circumstances, the bank will decide how much credit limit to issue to the cardholder for overdraft based on the credit card applicant's credit conditions and a comprehensive assessment. When you apply for a credit card for the first time, in order to prevent and control risks, the bank will not limit the credit limit too high, and the maximum overdraft limit that the cardholder can have is also limited.

Based on the credit card level, the maximum overdraft limit of a credit card is as follows:

General card: the maximum overdraft limit is 10,000 yuan;

Gold card: the maximum overdraft limit is 5 Ten thousand yuan;

Platinum card and above: the overdraft limit is generally more than 50,000 yuan.

If it is your first time to apply for a credit card, in order to avoid the bank rejecting the card, it is best to choose a regular card or a gold card. The maximum overdraft limit is generally between 3,000 yuan and 10,000 yuan.

How much can be overdrafted with a credit card

Once a credit card is approved, the amount of overdraft that can be determined is determined by the credit limit, which mainly refers to card consumption. The cash withdrawal limit is generally 30-50% of the total limit, which depends on the situation of each major bank. Some banks' credit cards can even withdraw cash in full. For example, if the cardholder's credit card limit is 10,000 yuan, he can overdraft 10,000 yuan for consumption. If he wants to withdraw cash through overdraft, the general cash withdrawal limit is 50 of the credit card limit, that is, 5,000 yuan can be withdrawn with a 10,000 yuan limit.

The limit of any credit card depends on the effective income and asset security value provided by the individual during the application process. The credit limit of a credit card is positively correlated with the applicant's income and secured assets, that is, the higher the income and secured assets, the higher the credit limit obtained. Therefore, applicants must provide proof of income and statements of asset security. Asset guarantees include fixed assets such as real estate and cars, as well as current assets such as savings and bonds.

Since the regulations and habits of each bank are different, under normal circumstances, the limit of most banks' regular cards is 1,000-10,000 yuan, the limit of gold cards is 10,000-50,000 yuan, and the limit of platinum cards is 10,000-10,000 yuan. Above 50,000. The credit limit is related to the financial proof you provide, and the credit limit can be adjusted according to the situation in the future and is not static. Therefore, if you want to get more overdraft amount, you must first have a credit card with a large limit.

Another thing to note is: Credit card overdraft interest is calculated at a daily interest rate of 0.05% within 15 days from the date of signing or bank accounting (including the current day), and a daily interest rate of 0.01% for more than 15 days. If the overdraft exceeds the prescribed limit for more than 30 days, the daily interest rate will be calculated as 15%. Overdraft interest is not calculated in stages, but is calculated based on the highest interest rate bracket for the final term or the maximum overdraft amount.

How much can you overdraw with a credit card?

If it refers to a China Merchants Bank credit card, it depends on your limit. Generally, there are fixed limits and temporary limits.

The fixed limit is generally further determined based on fixed income, time deposits, fixed assets, and liabilities. Under normal circumstances, the fixed limit range of ordinary cards is ￥1,000-￥10,000, and the fixed limit range of gold cards is ￥10,000-￥50,000. Cards regardless of gold cards and ordinary cards are generally 3,000- The limit of 50,000 yuan, the limit of platinum and diamond credit cards is generally a fixed limit of 50,000 yuan and a temporary limit that is actively adjusted for you every month; the unlimited credit card limit is subject to the review results.

The temporary limit is the result of a comprehensive assessment by our system with reference to all aspects of your situation, including whether you repay on time, whether you frequently use our credit card, the type of consumption and the specific consumption situation, etc. The factors we consider and whether the application can be successful need to be based on the system evaluation results. You can log in to credit card online banking and click "Account Management" → "Account Limit Management" → "Temporary Limit Adjustment".

That’s it for the introduction of the maximum overdraft that can be achieved with a credit card.