Credit card consumption
Do all credit cards have an over-limit limit?
At present, most bank credit cards have an over-limit amount, and a few bank credit cards have no over-limit amount. Some bank credit cards turn on the overrun function by default, while others need to turn on the overrun function actively to brush the overrun limit.
How much can a credit card exceed the limit?
I remember that the credit card with the highest overrun ratio was safe before, which could reach 30%, and the credit card with a limit of 15000 could be swiped to -4500. Later, Ping An Bank's credit card only exceeded the limit 10%. Most banks' credit cards exceed the limit of 10%, and some will be lower. For example, if you have a credit card with a limit of 10000 yuan, you can spend up to 1 1000 yuan; If you have 20,000 yuan, you can use up to 22,000 yuan.
Citic credit card is specifically mentioned here. Its limit can only be used once in a natural month. For example, the credit limit of your CITIC credit card is 10000 yuan, and the maximum can be 1 1000 yuan. However, if you only use 500 yuan's quota, you can't use 500 yuan. Even if it only exceeds the quota of 1 yuan, the remaining quota cannot be used, because it can only be used once in a natural month.
Is there a charge for exceeding the credit card limit?
At present, if Guangfa Credit Card exceeds the limit, it will be charged at 5% of the limit. I accidentally overspent twice. Every time I receive 200 yuan, I call customer service to get it back. At the same time, I asked the customer service to close the limit of my Guangfa credit card, so as not to accidentally exceed the limit and be charged.
I don't recommend that you use your credit card over the limit. If you need it temporarily, it is better to use it occasionally. On the one hand, this long-term over-brushing will attract the attention of banks, which is not conducive to credit card withdrawal. At the same time, it is easy to cause credit card debt crisis. How much you usually use a credit card is measured according to your income and actual needs.
Related Q&A: Can Everbright swipe its over-limit credit card? Many bank credit cards can be swiped over the limit, and China Everbright Bank is no exception. At present, the over-limit amount in Everbright Credit Card is 65438+ 00% of the fixed amount. For example, if the card amount is 50,000, you can swipe more than 5,000. Before you swipe your card, you must first know whether your credit card has exceeded the limit. If not, you can't continue to swipe your card after the credit limit of the credit card has been swiped. 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. The amount of any credit card depends on the effective income provided by the individual during the application process and the value of the asset guarantee. The credit limit of a credit card is positively related to the applicant's income and secured assets, that is, the higher the income and secured assets, the higher the credit limit. Therefore, the applicant must provide proof of income, provident fund social security and asset guarantee statement. Asset guarantee includes fixed assets such as real estate and automobiles, as well as current assets such as savings and bonds. Credit card use skills Full repayment to avoid cyclic interest Although banks emphasize interest-free period when popularizing credit cards, most people are not very clear about the rules of interest-free period, thus spending a lot of money. For example, during the Spring Festival, Xiao Zhang bought a new mobile phone and swiped 4,000 yuan with a credit card. At the time of repayment, there was only 3999.7 yuan in the account. After the bank deducted money, Xiao Zhang still owed the bank 0.3 yuan. Maybe this is nothing in real life, but banks don't think so. Consumers have to pay interest if they fail to repay in full, and they do not enjoy the interest-free period (daily interest = the remaining unpaid amount of the day * interest rate). It is recommended that you pay in full when you repay, so as not to cause greater losses. Temporarily increase the credit limit to avoid maxing out credit cards. In fact, every credit card has a hidden limit. When you burst your credit card, it's easy to use the over-limit line. Once the overrun is used, it means paying a high overrun 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 enough 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. Related questions and answers: tell you the answer directly:
After the credit card exceeds the limit, you only need to repay it in full before the next bill repayment date, which will not have any impact on the credit information.
Credit card overdrafts generally have three reasons:
The first case:
After the credit line expires, the current bill will generate additional expenses, such as annual fee, consumer interest, historical installment interest, etc. Similar to this, you have filled it out before the bill date comes, and new expenses are generated when the bill is generated, which will lead to the limit exceeding the limit.
The second case:
Credit card downgrade. If your credit card is downgraded for some reason, your credit card limit will exceed the amount in the downgraded bill because of the previous large consumption.
The third situation:
After the amount is close to the full amount, a small amount will be paid directly.
For example, your credit card limit is only in 30 yuan, so you can recharge your phone bill from 50 yuan. At this time, some credit cards will be "allowed by default", which may also make your consumption exceed the limit.
However, not all cards, all the amount will be like this. Most bank credit cards directly prompt "insufficient balance" and refuse to pay this situation.
Generally speaking, don't worry after receiving the reminder that the credit card limit exceeds the limit. As long as the next bill is repaid normally according to the regulations, it will not have any impact if it is not overdue.