Consequences of excessive use of credit cards: The bank will charge a certain excess fee, generally 5% of the excess, on a monthly basis 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.

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. 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.

1. Can I prepay my credit card?

Credit cards can be repaid in advance; And there is no handling fee. Under normal circumstances, the repayment order of credit card is to pay the bill first, and then not to pay the bill. The rest of the money becomes "overpayment", and credit card consumption will default to paying the overpayment first. Some banks charge fees for taking out credit card overpayments, which needs to attract the attention of cardholders. That is to say, if we have both the issued bill and the outstanding bill of the credit card, our repayment will offset the issued bill first, and then the remaining money will repay the outstanding bill. Whether it is full repayment or partial repayment, the credit limit of the cardholder's credit card will be restored, but the paid repayment amount will be restored. If the current bill is not paid on the last repayment date, there will be a late payment fee, which may also affect the credit history of the cardholder.

2. Can I prepay by installment?

Credit card installment business involves installment fees, which are charged by some banks in one lump sum and some banks in installments. Generally speaking, if you handle the credit card installment business, you can repay in advance. For example, if you handle the installment of 12, you will have sufficient funds by the sixth installment, and you want to repay in advance, which is ok. However, if the credit card is repaid in advance after installment, the installment fee is often non-refundable or the bank will accept the remaining installment fee. However, at present, ICBC and CITIC in domestic banks do not charge installment fees for the remaining installments, and CITIC credit card fees are charged by installments. In the process of bill or single installment, one-time repayment can be made in advance. After prepaid, the expenses incurred in the previous period will not be refunded, and the expenses that have not yet been incurred will not be charged.

Does the credit card overrun affect credit? Which credit cards can exceed the limit 10%?

When we use a credit card, if the credit card limit is overdrawn, for example, your credit card limit is 6 thousand, but you spend 8 thousand with your credit card, then the credit card will exceed the limit. So, does the credit card overrun affect credit? What credit cards can exceed the limit? I will answer your question today.

Does the credit card overrun affect credit?

Credit card overrun will not have any impact, and some banks will also set an overrun limit for credit cards. Therefore, the credit card overrun will generally not affect the cardholder's personal credit, nor will it be used for credit investigation.

However, credit cards charge a certain interest on the over-limit fee. And it should be noted that if you exceed the limit and overdue, it will affect your personal credit.

How much is the credit card overrun fee?

If the credit card exceeds the limit, a certain percentage of the limit will be charged, and if it has not been paid off, interest of five ten thousandths will be charged every day.

Which credit cards can exceed the limit 10%?

Some credit cards can exceed the limit, others can't, but most credit cards can only exceed the limit by 5%, and only a few bank credit cards can exceed the limit by 10%.

For example, ICBC, Shanghai Pudong Development Bank and China Guangfa Bank can all exceed the limit 10%, and the Jinpu card of Minsheng Bank can also exceed the limit 10%.

How to pay back the credit card limit?

When your credit card exceeds the limit, since the consumption is generally included in the next bill, you need to pay off the excess in one lump sum at the next repayment. The over-limit amount cannot be paid in installments. Moreover, there are still over-limit fees and interest to be paid when the over-limit amount is repaid.

The above is about "Does the credit card overrun affect credit? What credit cards can exceed the limit? " The answer. Generally speaking, the credit limit of a credit card will not affect the credit of the cardholder, but if you are overdue, it will affect the credit. Many credit cards are allowed to exceed the limit by 5%, but some banks allow the limit to exceed 10%. When repaying the over-limit amount, we should also pay attention to paying it off in one lump sum.

What is the credit card limit? Do you collect credit information at meetings when credit cards are overused?

Last week, a friend said that he accidentally "maxed out" his credit card because he didn't pay attention to the remaining credit card limit. He's confused. He has never used up the credit card limit before. Because there is no limit this time, how can he continue to consume? This situation encountered by friends is actually an excess of credit cards, and you can continue to use them.

So what is credit card excess?

Credit card excess means that the total amount used by the cardholder during this period exceeds the credit limit actually approved by the credit card. For example, your credit card limit is 8000 yuan, and in June 5438+10, you spent 8500 yuan by credit card, so the extra 500 yuan exceeded your credit card limit, which is what we call excess.

Different banks have different regulations on excessive use of credit cards, which can be divided into the following three situations.

The first is that banks need cardholders to actively open the over-limit function before they can over-swipe their cards, such as Minsheng Bank;

The second is that banks don't allow users to swipe their cards excessively, and they can only spend their cards within the available quota, such as Bank of Communications.

In the third case, the bank doesn't specify the overuse of users and invites users to open the overrun function, allowing cardholders to overspend, but they need to charge a certain handling fee after exceeding it, such as Guangfa Bank. The credit card excess is generally limited to 10%.

"Will the excess banks charge interest?" The answer is yes. If the cardholder's consumption exceeds the credit card limit, a monthly handling fee of 5% will be charged until the cardholder pays off all the money.

Suppose Xiao K's credit line is 6000 yuan, and a total of 6000 yuan was swiped in the June bill of 5438+ 10. For the credit card excess of RMB 1 1,000 in time, some banks will charge it according to the excess handling fee of 1 1,000× 5% = 50 yuan. In this way, overdraft is very uneconomical.

Next, everyone is very concerned about the issue. Do you collect credits at the over-brushing meeting?

Tell everyone that the credit card overrun will not affect personal credit, nor will it go to the credit report, as long as all the credit spent is paid off. However, if the minimum repayment amount of the bill is not returned in time before the due repayment date, the bank will charge late fees and interest, and it will affect personal credit.

If the cardholder unwittingly exceeds the limit, he can contact the bank customer service to close the credit card over-limit service. When handling some credit cards, they will ask the cardholders whether they need to open the over-limit service. Friends who think they don't need it can refuse to open it at the beginning to avoid future troubles.

Finally, I suggest that when using credit cards, you should be clear about your available limit and try not to exceed it. After all, the excess cost is still quite high. If you really need money urgently, but the amount is not enough, you can apply for a temporary amount, or swipe your card more to speed up the withdrawal.

The introduction of the influence of credit card overrun on credit ends here.