Many people who use credit cards may have overused their credit cards. So will there be charges for exceeding the credit card limit? How are they charged specifically? Let’s find out together.

How to charge for credit card exceeding the credit limit

1. Charging standards

Generally speaking, the standard for credit card exceeding the credit limit is based on the proportion of the consumption amount, such as If the consumption amount exceeds 20% of the limit, the bank will charge a 20% fee. Different banks have different charging standards. Some banks may charge higher rates, and some banks may charge lower rates.

2. Charging methods

Generally speaking, there are two ways to charge credit card overage, one is to charge a one-time fee, and the other is to charge a monthly fee. . If it is a one-time fee, then the consumer will receive a fee after the consumption exceeds the limit, and if it is a monthly fee, then the consumer will receive a fee every month.

Will exceeding the limit of a credit card affect the use of it?

Exceeding the limit of a credit card will not affect credit, because most banks’ credit cards support overpayment, so cardholders Don't worry about it affecting your credit. However, if you exceed your credit card limit, you must repay it on time. If it is overdue, it will affect your credit.

The over-limit limit of a credit card is about 5% to 10% of the credit limit of the card. Generally, no handling fee will be charged for cardholders who use it beyond the limit (specifically, it is subject to bank regulations). Cardholders only need to Just repay the bill on time according to the amount of the bill. However, the credit card should not be overdrawn frequently, because if the credit card is always overdrawn, it will not be conducive to maintaining the card and raising the limit, and the repayment pressure of the cardholder will also be relatively high. In addition, if the credit card always has If it is a large amount of consumption, the bank may suspect you of cashing out, resulting in your credit card being risk controlled.

After reading the above content, I believe everyone knows how to charge a credit card for exceeding the credit limit, and the consequences of overusing a credit card are also relatively clear.