Can I withdraw the money that I have overpaid on my credit card?

If I have overpaid my credit card, I can withdraw the excess money and it will be considered a cash withdrawal.

Excess money can be withdrawn; it is also considered a cash withdrawal. Extra money on a credit card is called overpayment. This part of the money can be withdrawn, but you need to pay a certain fee for withdrawing this part of the money. Different banks have different charging standards for credit card overpayment cash withdrawal fees. The minimum fee ratio ranges from 0.5% to 3%, and the minimum basic fee is The fee ranges from 1 yuan to 30 yuan, and the maximum capped fee ranges from 50 yuan to 500 yuan.

The excess money in your credit card is called overpayment. You can withdraw the overpayment, or you can keep it in the credit card to pay off the next credit card bill. However, it should be noted that some banks require that handling fees be charged for withdrawing overpayment, and the regulations of each bank are different.

Some banks even only charge the minimum fee, but the maximum fee is not capped, so if it is not necessary, it is recommended that you leave this money in the credit card as repayment of the next credit card bill. Moreover, there is no deposit interest for extra money transferred to a credit card. It is recommended that if there is not a lot, you should spend it slowly. If the transfer is a lot, apply for a refund of the overpayment. Some banks' credit cards require fees, so It is recommended to consult a bank customer before withdrawing. In addition, not only will you be charged a handling fee for cash withdrawals (some banks waive this fee), but you will also be charged a daily interest of 0.05% from the day of withdrawal to the date of full repayment (including principal, interest, and handling fees). If It is not necessary. It is recommended not to withdraw cash from bank cards as much as possible. Do not repay according to the statement date after withdrawing cash, because there is still cash withdrawal interest to be paid between the statement date and the repayment date, but it will not be reflected in the current bill. It is recommended to pay an extra 100 yuan when repaying the bank card (depending on the situation) , to offset the interest.

1. At present, the overpaid money on credit cards can be withdrawn, but it can be divided into these two situations. First of all, the first one is to deposit too much money, which is to withdraw cash from overpayment on a credit card. The handling fees charged for such withdrawals vary according to different bank withdrawal regulations. Secondly, the other type is credit card overdraft withdrawal, which is to withdraw the borrowed amount in your credit card limit. The bank will charge cash withdrawal fees and calculate interest in accordance with the cash withdrawal regulations.

2. Credit card repayment means that when the cardholder's credit card consumption reaches the final repayment date, in order to ensure the cardholder's good credit record, the bill consumption funds are returned to the bank. Another reminder is that when choosing a credit card, you should ask clearly what repayment methods the bank supports, and try to apply for a credit card with more diversified repayment methods. Don’t be fooled by petty benefits such as “card shopping discounts”. After all, The convenience of a credit card is the most important thing.

Can I withdraw the overpayment on my credit card?

The overpayment on my credit card can be withdrawn, but you may need to pay a handling fee when withdrawing cash. The cash withdrawal handling fees of major banks are different. , generally charge 1%/transaction, and some banks do not charge handling fees. The overpayment on a credit card is called overpayment. The money will be used first the next time you swipe the credit card. If you don't swipe the credit card, the overpayment will always be in the credit card, but no interest will be charged.

Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement , cash deposit and withdrawal and other full or partial functions of the electronic payment card. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.

In most cases, citizens who have full capacity for civil conduct (citizens over 18 years old in mainland China) and have certain direct financial resources can apply for a credit card from the card issuing bank. Sometimes, legal persons can also be applicants.

Applicants for credit cards can be divided into units and individuals. Applicants should be institutions, enterprises and business units, foreign-funded enterprises and individual industrial and commercial households with independent legal person status in my country.

Each unit applying for a credit card can receive a main card and multiple (5-10) supplementary cards as needed. To apply for a credit card, an individual must have a fixed occupation and a stable source of income, and provide a guarantee to the bank. The forms of guarantee include personal guarantee, unit guarantee and personal capital guarantee.

The application method is generally by filling in a credit card application form. The content of the application form generally includes the name of the applicant, basic information, economic status or source of income, guarantor and his/her basic information, etc. And submit certain copies of documents and certificates to the card issuing bank. After the customer fills in the application form truthfully according to the content, the customer must also submit the relevant credit certificate while submitting the completed application form. The application form is accompanied by a credit card use contract. The applicant authorizes the card-issuing bank or relevant departments to investigate its relevant information, and submits a statement of the authenticity of the information, the card-issuing bank's privacy protection policy, etc., and must have the applicant's signature.

How to refund the overpayment on the credit card

If the overpayment on the credit card becomes an overpayment, the user can directly withdraw the overpayment. . If the repayment funds have not turned into overpayments, then the user needs to retain relevant evidence of the two repayments. After submitting the evidence to the bank, it proves that there is a repeated deduction. After the bank verifies that it is correct, the repayment usually takes a few working days. The funds will be returned via the original route.

Therefore, there are two ways to solve the problem of heavy credit card repayments. Although overpayments can be withdrawn directly, some banks require payment of handling fees for overpayment withdrawals.

1. Serve as the next repayment: The overpayment amount does not need to be taken out, but is placed on the credit card, and then the card can be used as normal for consumption. The repayment amount for the next bill can be used as the overpayment amount. deducted from the amount. But the disadvantage of this is that the money becomes dead money when it is left on the credit card and cannot accrue interest.

2. Some banks can directly withdraw cash: For the overpayment on credit cards, some banks can directly withdraw cash without handling fees, but most of them are limited to local banks. For example, ICBC, China Construction Bank, Bank of China, China Minsheng Bank and other banks have no handling fee for withdrawing overpayment from credit cards at local branches (over the counter or ATM machine); the local branch of Shanghai Pudong Development Bank stipulates that there is no handling fee for withdrawing money from the bank's ATM machines. There is a 0.5% handling fee for retrieval, with a minimum charge of 5 yuan. If the cash is withdrawn from someone other than our own bank, a certain handling fee may be charged. For example, ICBC charges 2 yuan per transaction for cross-bank withdrawals; China Construction Bank charges 1% handling fee for cross-bank withdrawals, with a minimum of 2 yuan and a maximum of 50 yuan;

3. Online banking transfer of some banks: If you accidentally overpay, some banks can also transfer funds to their bank savings cards through online banking in addition to withdrawing cash from ATMs and counters. Different banks have different policies for overpayment online banking transfers. Specific cardholders can call the bank's customer service number to ask

4. Next repayment. If you have more money on your credit card, you can also leave the money in the card and wait for the next repayment. In this case, you don’t have to worry about the next repayment, and you can confidently and boldly spend overdraft in advance. .

5. Transfer and remittance. If you have too much money on your credit card, you can also use the transfer function of your credit card to transfer the excess money to other bank cards. In this case, there will generally be no handling fees and you can save some trouble.

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Can I withdraw the overpayment from my credit card?

The extra money saved in the credit card can be withdrawn. But there is a handling fee. The extra money that a credit card user deposits during repayment or the amount owed in the credit card is called overpayment, which is an overpayment.

For example, if you need to repay 500 yuan in this period, the actual repayment is 600 yuan, and the extra 100 yuan is the overpayment. This part of the money can be withdrawn, or used directly for consumption, or the available limit of the credit card can be increased. However, if you want to withdraw it, you need to pay the corresponding handling fee and there is no interest.

If there is an overpayment on the credit card, the credit limit will be increased, that is, this part of the money will be deducted first when consumption is made, and the credit limit will be deducted after the overpayment is deducted. When the consumption level is less than the overpayment, the credit card will not be overdrawn.

You can also directly swipe the credit card to use the money when shopping until the money is used up.

Both methods of handling overpayments will not incur interest or handling fees.

Credit card repayment means that when the cardholder's credit card consumption reaches the final repayment date, in order to ensure the cardholder's good credit record, the bill consumption funds are returned to the bank.

Repayment methods

The common credit card repayment methods in China mainly include the following categories (according to the cost):

Credit card repayment mobile phone is a mobile The personal payment terminal of the financial system can be used to pay directly by swiping the card, or to perform transfers and other services. Instant credit!

Convenience store repayment

Convenience store repayment is mainly completed through the "Lakala" smart payment terminal installed in the convenience store. It usually takes 2 to 3 working days to arrive in the account, and there is no handling fee for repayment using this method.

Online repayment

The more common online repayment methods in China include: Baidu Wallet, UnionPay Online, Kuaiqian, Shengfutong, Alipay, Yipay, etc. Depending on the platform and bank you choose, the charging standards and specific payment arrival time will be different.

Starting from December 2017, WeChat officially began to charge users for credit card repayment business, charging 0.1% for the cumulative repayment amount exceeding 5,000 yuan in each natural month (minimum 0.1 yuan) , the portion not exceeding 5,000 yuan is still free. In August 2018, the 5,000 yuan fee-free quota was also officially cancelled.

Starting from March 26, 2019, when individual users use the "credit card repayment" function of the Alipay client, Alipay will charge a service fee of 0.1% for the portion exceeding the free limit of 2,000 yuan [1 ].

Inter-bank transfer

Inter-bank transfer/remittance repayment is mainly divided into two methods: inter-bank in the same city and inter-bank in different places. Regardless of the method of transfer or remittance, the remittance bank will charge a certain fee. At the same time, the time it takes for the money to arrive and the convenience of repayment are not as good as intra-peer repayment, online repayment, convenience store repayment and other methods.

Counter Pass

Counter Pass refers to the bank cards issued by various networked financial institutions. RMB current deposits can be made through the counters of other bank branches registered in the UnionPay Exchange Center host system. Withdrawal transactions.

Lakala

Cardholders can complete credit card repayments, mobile phone recharges, online bill payments and other services through convenience stores, bank outlets or purchasing "Lakala" device terminals.

of innovative electronic products.

Repayment Tong

Using "Repayment Tong" to make repayments is generally charged according to the fee standards for intra-city inter-bank transfers and long-distance inter-bank remittances stipulated by the local People's Bank of China.

That’s it for the introduction of whether the overpayment on a credit card can be withdrawn.