I. Expiry date of credit card overdraft

When the fixed card amount is insufficient, some cardholders turn to the bank to apply for temporary credit. If the cardholder fails to repay after the temporary limit expires, the credit card limit will be negative.

Second, the use of credit cards exceeds the limit.

If the cardholder uses the credit card beyond the limit, the credit card limit will also become negative, which is the over-limit use.

Third, there is overpayment in the credit card.

Repaying the overpaid part with a credit card, or directly depositing money on the card, will lead to an increase in the overpaid part of the credit card. Overpayment of credit will also lead to negative credit limit.

What are the consequences of a negative credit card limit?

The above three situations may lead to a negative credit card limit. In short, as long as the cardholder can handle it in time, these three situations will not cause too serious consequences. The temporary credit card limit is overdue, or the credit card exceeds the limit and the limit is insufficient, as long as it is repaid in time.