The credit card (credit card) limit has become a negative number! What's going on?

Recently, someone asked in an extremely panic, saying that his credit card (debit card) limit suddenly became negative, and he felt like he was being controlled by the bank. The cardholder didn’t know what was wrong with his card and was very worried.

The following reasons may lead to negative numbers:

1. Credit card (debit card) overpayment

If the amount due for the current period is a negative number, Then there is no need to pay back the money. The money that was saved or paid off the credit card (credit card) too much before is called credit card (credit card) overpayment.

To popularize this term, whether it is intentional or accidental, it is the extra money deposited when repaying the loan, which is the overpayment. The next time the bill is deducted, it will be first Deduct this overpayment and then deduct it from your credit limit.

So, if the amount you have repaid this period is less than the consumption amount, then the amount you should repay this period will be a negative number, so don’t worry too much.

A credit card (credit card) is not the same as a debit card. The bank will approve a certain amount for you, and you can spend it first and then repay it. Some users don't know how to use a credit card (debit card) at the beginning and will deposit a sum of money in advance, such as 2,500 yuan, and spend 500 yuan that month. If the credit card (debit card) limit is a negative number, -500 yuan will be displayed. .

2. Temporary limit expiration

Since it is temporary, it must have a validity period. If there is a temporary limit, the total limit of the credit card (credit card) is temporarily increased and fixed. , when the temporary quota expires, it will return to the fixed quota, and then your available quota will be deducted, causing the available quota to become a negative number.

For example: Zhang went shopping in the supermarket a few days ago. When he checked out at the checkout counter after buying the items, the cashier told him that the balance was insufficient and he could only pay in cash. After returning home, he found out after checking that his balance was insufficient. The credit card (debit card) limit is negative 1,000 yuan.

In this case, please note that most banks stipulate that when the temporary limit expires, it will be included in the current bill. This part needs to be repaid in full, not just the minimum limit.

The first two situations are the most common and almost everyone knows them, while the following situations may not be understood by many people.

3. Overuse

Another situation that can make your credit card (debit card) balance become a negative number is that it is overused. After overuse, the credit card balance can become negative. (Credit card) balance becomes negative. However, it is worth noting that it is not economically worthwhile to use over the limit. Banks will charge high over-limit fees for credit cards (debit cards) that exceed the limit, and they will not enjoy the interest-free period.

4. Minimum repayment

The interest on the minimum repayment is called "full penalty interest". Some cardholders are unable to pay off the full amount due to tight funds, so they can only choose the minimum repayment function recommended by the bank. At this time, if your card has been maxed out, the available limit will be calculated on the next bill day. Display negative numbers.

5. Tolerance for high-quality customers

Some banks are like this. You can spend as much as the available limit of your credit card (debit card), but you don’t know Some banks have special tolerance policies for some high-quality customers.

For example, a high-quality customer named Rong currently had only 1,000 available credit, and then spent 1,100 on it. In order for this transaction to be successful, the bank will let you "max out" the card for this consumption. If the transaction is successful, the available limit will be displayed as -100.

What does a negative credit card limit mean?

A negative credit card available limit means that the user's credit card consumption limit has exceeded the credit card credit limit. For example, the credit limit is 2000 and the used limit is 2020.9. Then the available quota is -20.9, and the over limit is 20.9 yuan. Many banks will charge a certain fee when the credit card is used beyond the limit, and it must be returned on time after the limit is exceeded.

The credit card limit appears as a negative number

1. The temporary limit expires

The first reason is that when the credit card has a temporary limit , the total amount displayed = fixed amount and temporary amount. If you first use the temporary limit in this situation, but the temporary limit expires before you have paid off the payment, the total limit will become a negative number.

2. Exceeding the limit of usage

The second situation is that the cardholder uses up the limit when using the credit card, and also deliberately overdrafts. At this time, before repayment, The cardholder's credit card limit will also be displayed as a negative number.

3. Overpayment

The third situation is that if the cardholder deposits money into the credit card, or the repayment amount exceeds the consumption limit, a credit card will appear. Overpayment will also be displayed as a negative number. When using a credit card later, the overpayment will be deducted first. In this case, you only need to spend the extra amount with the card, and then deduct the card limit. I believe that many friends have encountered this situation.

Note:

1. The bank will not calculate interest on overpayment, which is a credit card deposit. This is completely different from a debit card.

2. Cash withdrawals by credit card are subject to charges according to regulations. The charging issue should be looked at from two aspects:

1. According to the regulations on the use of credit cards, ATM withdrawals basically require a cash withdrawal fee. The usual standard is 0.5 of the cash withdrawal amount, with a minimum of 5 yuan; overseas The cash withdrawal fee is higher.

2. If you withdraw money from an ATM machine under the condition of "overpayment", you will still be charged a cash withdrawal fee according to the credit card cash withdrawal standards. In this case, it is recommended that the cardholder transfer the overpayment on the credit card to a debit card of the same name in any bank, and then withdraw cash from the debit card. This reduces handling fees.

As for the handling fees for "overpayment" of cash withdrawals by credit card holders, the charging bank stated that although the credit card holders withdraw their own money, it takes up the bank's relevant resources. Because unlike ordinary debit cards, credit cards are cumbersome in terms of deposit and withdrawal account processing, and credit cards are used to encourage customers to spend, not for cardholders to use them as savings accounts, so the charges are reasonable.

Why does the credit card (debit card) limit become a negative number? What's going on?

When the credit card (credit card) limit becomes negative, it is likely that the temporary limit applied for has expired or the limit has been exceeded. It is recommended that you do not exceed the limit of using your credit card (debit card). This is not cost-effective, because you need to pay an over-limit fee of about 5 yuan for the over-limit, and the consumption in the bill does not enjoy the interest-free repayment treatment.

Why is the credit card balance negative? What are the consequences of a negative amount?

Credit cards have always been used in our daily life consumption. Pre-payment through credit cards has become a consumption method for many people now. This is mainly because the credit card itself has a limit. However, sometimes the credit card limit may become negative. So, what’s going on with a negative credit card limit? What are the consequences of a negative amount? Let me answer it for you today.

Why is the credit card balance negative?

1. Temporary limit expiration

When people have insufficient credit card limits, they sometimes apply for a temporary limit to use. And when you use the temporary limit, or the temporary limit expires and you have not repaid, your credit card limit will be displayed as a negative number.

2. Overdraft beyond the limit

When you use your credit card and use up the limit, and also overdraft beyond the limit, then before you repay the loan, you The credit card limit will also be displayed as a negative number.

3. There is an overpayment

When you repay a credit card, if you pay more, the overpayment will form an overpayment on your card. Payment, and this overpayment will also cause your credit card limit to be negative. When using a credit card in the future, the overpayment will be deducted first, and then the card limit will be deducted.

What are the consequences of having a negative credit card limit?

There are three main situations when the credit card limit is negative. There will be no consequences in these three situations. For example, if the temporary limit has expired and has not been repaid or the limit has been exceeded, as long as you repay it as soon as possible. Just pay. Of course, if you use it beyond the limit, you will have to pay an over-limit fee.

Will there be a credit report if the credit card limit is negative?

A negative credit card limit does not have much to do with your credit report, and a negative credit limit will not essentially lead to a credit report. Of course, like over-limit usage and non-repayment of the temporary limit, which results in a negative balance, if you continue to fail to repay the loan and it becomes overdue, you will have a credit report.

The above is the answer to "What happens when the credit card limit is negative? What are the consequences of having a negative limit?" If your credit card limit is negative, it may be caused by the above situation. However, there will be no consequences if the amount is negative, so you can rest assured.

What’s going on! Why is my credit card limit negative?

A friend asked me that his credit card limit is negative. What is going on? Logically speaking, the credit card limit is the consumption amount given by the bank. It will continue to decrease as consumption increases, and the limit will increase after repayment. In most cases, this is positive. In fact, there are some situations that can lead to a negative credit card limit. Let’s take a look.

1. Credit card overpayment: No repayment is required in the current period

If the current credit card repayment amount is a negative number, then there is no need to repay the money. You have deposited more or repaid more before. The bank money is called credit card overpayment. Let’s learn about this term. Whether it is done intentionally or accidentally, it is the extra money deposited when repaying the loan. It is the overpayment. When the next bill is deducted, this overpayment will be deducted first. , and then deduct your credit limit.

Bank regulations:

The remaining repayable amount of the current period = the bill amount of the current period - the repaid amount of the current period. If your consumption amount has been repaid this period, then the amount you should repay this period will be a negative number, so don’t worry too much.

A credit card is not the same as a debit card. The bank will approve a certain amount for you, and you can spend it first and then repay it. Some users don't know how to use credit cards at the beginning and will deposit a sum of money in advance, such as 1,000 yuan, and spend 500 yuan that month. If the credit card limit is a negative number, -500 yuan will be displayed.

Reminder: Not only will there be no interest if you deposit too much money on a credit card, but you will also be charged a handling fee when you take it out

When we deposit money into a bank debit card, interest will be calculated on a regular basis, but credit card deposits will also be charged. That is, overpayments are not interest-bearing. Many users expressed their confusion about this issue. They consulted bank staff. They said that the main function of a credit card is advanced consumption, not as a savings account, and the credit card is processing deposits and withdrawals. This is very troublesome, so we encourage everyone to swipe their card first and then repay by charging a handling fee and not excluding interest.

2. Temporary quota exceeds the limit: the available/cash withdrawal limit is a negative number

There is also a situation where the temporary quota exceeds the limit. For example, a user's credit card limit is 20,000 yuan. You lack a large amount of funds, so you applied for a temporary limit of 5,000 yuan, and spent 23,000 yuan before the temporary limit expired. Then your available credit card limit will be a negative number for repayment, showing -3,000 yuan.

The validity periods of temporary quotas in different banks are different. For example, it is generally 30 days for China Merchants Bank, 45 days for Everbright, 1 month for Industrial Bank, and 3 months for China Construction Bank. When a temporary quota is opened, there will be a text message reminder. You can also log in to the bank or follow the WeChat official account to check the specific period. After the temporary limit expires, the fixed limit will be automatically restored. If the repayment has not been made by then, the available credit card limit will be a negative number, and you can no longer use the card for consumption. You can continue to use it after the payment is paid off.

If you encounter a negative credit card limit, first determine whether the bill repayment limit is negative, or the available limit and cash withdrawal limit are negative. If it is the former, it is a good thing, which means that there is no need to repay in the current period. If you still have a negative balance, you can deduct it when you use your card to make purchases in the next period.

If it's the latter, it means that you can't use this card to make purchases before repayment, because the available limit is negative, so you just need to repay it as soon as possible!

This is the end of the introduction to why the credit card limit is a negative number.