For Guangfa Bank credit cards, you can call the bank to activate the over-limit credit card swiping function.
The over-limit range is about 10%;
The limit can only be exceeded once in a month;
After the limit is exceeded in the month, the function will be automatically turned off;
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The over-limit portion can only be used for card consumption;
A 5% over-limit fee will be charged for the over-limit portion, which will be charged at the time of the monthly bill;
The over-limit portion will not be charged. Enjoy revolving credit.
Extended information:
In fact, various banks have different regulations on credit card overage. Some banks require cardholders to actively activate the over-limit function for credit card overage, such as Minsheng Bank; Some banks stipulate that credit cards can only be used within the available limit, and cannot be used beyond the limit, such as Bank of Communications.
Some banks, such as China Merchants Bank and China Guangfa Bank, do not require cardholders to activate the credit card over-limit function, but allow cardholders to swipe the card over the limit and charge a certain credit card over-limit handling fee.
For example, Bank of Communications does not allow cardholders to swipe over the limit. Bank of Communications credit card holders can only swipe within the overdraft limit of the credit card and cannot exceed the limit.
However, if the cardholder’s credit card limit is not enough, they can apply to increase the temporary limit. Generally, the temporary limit can only be used for one period, and the original limit will be automatically restored in the next credit card billing period. At the same time, the amount will be wiped out. The temporary limit requires the cardholder to repay it in one lump sum.
Chinese Merchants Bank and Guangfa credit card holders can exceed their credit limit, but they will have to bear a higher credit card overage fee. The credit card overage fee is 5% of the amount exceeding the account credit limit and is charged monthly. For example, the cardholder's credit card limit is 3,000 yuan, and he spends 5,000 yuan on the card that month, then the cardholder needs to bear the credit card excess handling fee of 100 yuan.
Baidu Encyclopedia?——Guangfa Bank Credit Card