Credit card overdraft is a short-term overdraft provided by credit card issuers to cardholders within a certain limit, which is used for shopping with credit cards. For credit cards, allowing "consumption before payment" and allowing overdraft are important functions. For credit card deduction, it should be "deposit first and then spend", but under the premise of confirming that it is a goodwill overdraft and ensuring repayment, the cardholder is also allowed to overdraw for a short time when the money is urgently needed. At the same time, the interest rate of overdraft is usually much higher than that of bank loans, and card issuers have a series of measures to prevent and make up for the losses caused by overdraft risk.

What are the consequences of credit card overdraft?

1. will generate related expenses, and the overdue credit card for three months will generate late fees and high interest.

2. Bad personal credit record. Generally speaking, major banks now have time to extend their services, but if they don't repay for three months, they will be overdue, and there will be bad personal credit records, which will seriously affect future credit card swiping and loans.

3. It may constitute a malicious overdraft prosecution. Judging malicious overdraft depends not only on the length of overdue time, but also on subjective attitude and bank behavior.

4. Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card that has a certain credit limit and can be repaid after spending within the credit limit; Quasi-credit card means that the cardholder pays a certain amount of reserve fund according to the regulations. When the balance of the reserve account is insufficient to pay, the quasi-credit card can be overdrawn within the prescribed credit limit. The so-called credit card generally refers to the credit card.