It indicates that the status of the card is abnormal and the card exceeds the limit. When the cardholder uses the credit card to make a large amount of consumption, the card-issuing bank will pay the consumer funds of the goods purchased by the cardholder to the merchant in one lump sum, and deduct the consumer funds from the cardholder's credit card account in stages according to the cardholder's application, and the cardholder will repay according to the monthly recorded amount.

in the past, credit card installment mainly included bill installment and single consumption installment, and banks usually charged corresponding handling fees according to the number of installments. Whether it is bill installment or single consumption installment, the premise is to generate consumption behavior first, and then the bank will set up the installment repayment of the generated credit loan. Extended information

1. liquidated damages, generally the minimum repayment amount, 5% of the unpaid part.

2, high interest, and it is a rolling interest, and interest is very scary when there are many debts.

3. The overdue period will stain the credit record, which will lead to the inability to handle financial needs such as house purchase and loan in the next two years.

4. If it is overdue for more than 3 months and the amount exceeds 1,, the bank has failed to make several reminders, and it will not only pay back the money, but also bear criminal responsibility.

Baidu encyclopedia-credit card