Credit card excess refers to the cardholder's accumulated credit card limit exceeding the credit card limit approved by the bank, that is, the cardholder's accumulated credit limit in a billing cycle exceeds the credit limit actually approved by the card on the billing date. So, what happens when the credit card runs out?

What happens if I exceed my credit card?

If the cardholder swipes the card in excess, the bank will charge a certain excess fee, generally 5% of the excess amount, which will be charged monthly until the cardholder pays off the debt. Moreover, the cardholder needs to pay off the excess consumption in one lump sum on the repayment date, and the excess part cannot be repaid in installments or the minimum repayment amount. Generally speaking, overdraft is not cost-effective.

If the credit card limit is not enough, the cardholder can apply to the bank for a temporary limit in advance, which can generally reach 30% of the credit limit. Generally speaking, credit card exceeding the limit will not affect personal credit, as long as you pay the minimum amount of each bill. However, if the minimum repayment amount of the bill is not paid in time before the due repayment date, late fees and interest will be charged, and personal credit will be affected.