Cardholders who use credit cards outside the credit line approved by the bank shall not enjoy the interest-free repayment period, but shall pay the interest and expenses of all overdraft debts during the period exceeding the credit line according to Party A's relevant regulations ... If Party B uses credit cards outside the credit line approved by Party A, it shall pay an overrun fee of 5% for the part exceeding the credit line.
If the cardholder fails to repay the excess debt before the expiration of the temporary credit limit, or exceeds the credit limit due to the interest and fees charged by the bank, it belongs to the use of credit cards beyond the credit limit. ?
Extended data:
According to the relevant regulations of the central bank, banks can control the maximum amount of credit card spending at 1 10% of the original amount. For example, if you have a credit card with a credit limit of 10000 yuan, you may spend as much as 1 1000 yuan directly on the credit card, and the bank may charge a certain percentage of the overrun fee if it exceeds the credit limit of 1000 yuan.
However, the credit card of China Merchants Bank cannot exceed the credit limit, which is very special. Therefore, there is no over-limit fee for China Merchants Credit Card.
When the cardholder's consumption limit is greater than the credit card issuance limit and it is necessary to temporarily increase the limit, you can call customer service to apply. The temporary increase of the limit is valid for two months, and there is still no over-limit fee, but the consumption limit exceeding the issuance limit needs to be repaid in the same month.
Reference: Baidu Encyclopedia-Credit Card Overlimit Fee