What should I do if I pay too much on my credit card?

If I pay too much on my credit card, the customer can just make an overpayment and withdraw cash. This can be done directly through online banking/mobile banking client/credit card Use the APP to transfer excess money to your debit card, or you can withdraw it at the branch counter or ATM machine.

Of course, it doesn’t matter even if the customer doesn’t take out the money. Afterwards, credit card consumption will be used first. If there is any leftover after swiping the card, the remaining part can be used to pay off the bill.

What is a credit card?

CreditCard is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit.

The form of a credit card is a card with the name of the card-issuing bank, validity period, number, cardholder name, etc. printed on the front. Consumers holding credit cards can go to a special commercial service department for shopping or consumption, and then Banks make settlements with merchants and cardholders, and cardholders can overdraft within the specified limit

The earliest credit card appeared at the end of the 19th century. In the 1880s, the British clothing industry developed so-called credit cards, and the tourism and business sectors followed suit. However, the cards at that time could only be used for short-term commercial credit, and the money still had to be paid as and when used. Long-term arrears were not allowed, and there was no credit line. In the 1950s, McNamara, a credit expert in Manhattan, was dining in a restaurant. Since he did not bring enough money, he had to ask his wife to send money over. This made him feel very embarrassed, so he organized the "Diners Club" (English: Diners Club). Members can bring a dining charge card to 27 designated restaurants to record their consumption without having to pay cash. This is the earliest credit card. Franklin National Bank was the first bank to issue a credit card, and other U.S. banks later followed. .

Credit card, also known as credit card, is a non-cash payment method and is a simple credit service. A credit card is generally a plastic card with a length of 85.60 mm, a width of 53.98 mm, and a thickness of 1 mm. It is issued to the cardholder by the bank or credit card company based on the user's creditworthiness and financial resources. The cardholder does not need to pay cash when using the credit card to make purchases. Make further repayments. Except for some credit cards combined with debit cards, general credit cards are different from debit cards and ATM cards in that credit cards will not directly deduct funds from the user's account. In February 2012, the bank confirmed that credit cards without passwords are more secure, and they share the responsibility for any fraud. Enjoy an interest-free period of 25-56 days (or 20-50 days). Card consumption enjoys an interest-free period, and there will be no fees if you pay off the bill before the due date. There is no interest-free repayment period for cash withdrawals. A daily interest rate of 0.05% will be charged from the day of withdrawal, and the bank will also charge a certain percentage of cash withdrawal fees.

I made a few extra purchases on my credit card for no apparent reason, what should I do? Can the money still be returned?

If this happens, first call the customer service of the bank to which your credit card belongs to ask for an inquiry. If it is indeed not your consumption, you can raise an objection and get it back. Of course, this does not include This is the case where your credit card has been stolen. If the money has been stolen, you need to provide evidence that it was not consumed by you before you can get the money back. This is also to avoid moral hazard.

Methods to prevent theft and fraud

1. When applying for a credit card, you must go to a regular bank window to apply for it. After the credit card is stolen, you must report the loss in time.

2. You can deposit part of it into a fixed term or purchase other investment products. This can effectively reduce the risk of financial fraud on your credit card. It is best to check the bill information in a timely manner and when signing the card. Pay attention to whether there are two overlapping shopping lists; if the text message finds that the credit card has been stolen, whether there are duplicate items, etc., and then you need to reply within three days to minimize possible losses and increase the success rate of appeals. Especially during the process of filing a case.

3. In order to avoid the continuation of fraudulent transactions, the evidence of which purchases are not yours must be handed over to relevant personnel. This evidence will be very useful in the future. The cardholder should call the bank immediately and pay attention to protecting the security of the information when swiping the card on a daily basis.

4. You can limit the amount of consumption, activate the SMS notification service, and be able to keep track of the fund changes in your credit card account at any time. After reporting the loss of your bank card by obtaining evidence yourself, you can get in touch with the bank.

Report the loss of a bank card

When a bank card is lost or stolen, the loss should be reported to the bank as soon as possible. Each bank has different requirements for reporting lost bank cards. Here are two requirements for your bank: China Construction Bank: The phone number is 95533. When reporting the loss verbally, you need to check the card owner’s ID number, account opening date, balance and other relevant information. The validity period is 5 days. That is to say, the day when the loss is reported is the first day, and ends at midnight on the sixth day. After midnight on the 6th day, it will be automatically unblocked. I need to go to the account opening bank to report the loss in writing before midnight, and I need to bring my original ID card and other identity documents. Bank of China: The phone number is 95566. Bank of China's debit cards all have corresponding passbooks, which are account savings that can be converted into one card, and there is no bank card loss reporting service. If you find that the bank card processed at this bank is lost, you can only report the loss of the passbook. When reporting a loss verbally, you need to check relevant information such as the ID number, the name of the bank where the account was opened, and the date of account opening. The validity period of verbal loss report is 5 days. When reporting a loss in writing, you need to bring the original ID card and fill in the application form for loss registration.

What to do with the overpayment on your credit card

1. If you choose consumption processing, you have to spend more money at once, not more or less, because it is too much If you use up your credit card limit, you still have to repay it. If you use up the credit card limit, it cannot be completely processed. This requires you to calculate the consumption amount when you consume, that is, the amount of the excess money will be the same. After consumption, only the credit card limit will be left in the card. Money.

2. If you choose to withdraw cash, you must first ask the card issuing bank about the overpayment withdrawal rules. The main reason is to see if there is a cash withdrawal fee. Usually, most banks’ local overpayment withdrawals are free of charge. , if there is a fee, the actual cash withdrawal amount must include the handling fee, so that the cash withdrawal can be completed without using up the credit card limit, and there is no need to repay.

If you accidentally use up your credit limit after processing, don’t worry. Check the actual amount you should repay before making repayment. Do not repay more or less, so that you can return to the original balance after repayment. Just the amount given by the bank will be enough.

Credit card limit, also known as credit card available limit, refers to the maximum amount that can be used by your credit card. It includes credit limit (that is, the maximum overdraft limit of a credit card) and the amount deposited into the credit card. .

The limit of any credit card depends on the effective income and asset security value provided by the individual during the application process. The credit limit of a credit card is positively correlated with the applicant's income and secured assets, that is, the higher the income and secured assets, the higher the credit limit obtained. Therefore, applicants must provide proof of income, provident fund social security, and asset guarantee statements. Asset guarantees include fixed assets such as real estate and cars, as well as current assets such as savings and bonds.

Tips for increasing credit limit

1. Continuous and frequent credit card consumption

Persistence means that after you have a credit card, you must insist on long-term credit card consumption, preferably three consecutive times. The credit card consumption limit is generated every month for more than three months. Don't use it for a period of time and then freeze it for a long period of time.

Frequency means to swipe your card wherever you can, no matter how big or small the amount is. The more times and merchants you use, the better. If you swipe your card all at once, it will be easy for the bank to think you are suspicious. , it is difficult to raise the quota.

2. Pay attention to the amount of credit card swiping and the temporary limit increase

Pay attention to the amount of credit card swipe and make full use of the temporary limit increase.

3. Persist in applying and seize the opportunity to apply

Persist in applying and seize the opportunity to apply, a two-pronged approach. For credit card users, you can insist on using the phone to apply to increase the credit card limit, because different customer service or staff have slightly different attitudes and principles when processing applications in this area. Maybe they failed the previous one but passed the next time, and Keeping a record of your phone application will also help you apply for a quota increase in the future.

4. Use the threat of card cancellation or sleep suspension

Use the threat of card cancellation or sleep suspension. After you have made multiple applications and been rejected, you can consider using this trick. Just tell the bank's customer service or staff directly. If the credit card limit cannot meet the actual needs, they will consider canceling the card. It is best to show some In fact, of course, the attitude should not be too bad. It is best to be soft but hard, so that it is easier to gain room for negotiation and maneuvering.

What happens if your credit card exceeds your limit?

1. If the cardholder exceeds the overdraft limit, the bank will charge a certain overdraft fee, usually 5% of the excess limit, and will charge it on a monthly basis until the cardholder repays the amount. clear. In other words, if your credit card limit is 10,000 yuan, but you spend a total of 12,300 yuan when you overdraft, then the amount exceeds 1,000 yuan, and the bank will charge (23,005) 115 yuan for the over-limit amount. fees, so overdraft is not cost-effective.

2. Under normal circumstances, banks will allow an appropriate limit to be exceeded, and the general range is controlled at about 5-10 of the original limit. If you exceed the limit, the excess needs to be paid off in one lump sum in the next period and cannot be paid in installments. As long as you repay on time, it will not affect your credit record or anything else. Of course, it is not recommended to frequently exceed the limit. If the quota is not enough, you can call the bank service hotline to apply for a temporary quota or an increase in the fixed quota.

Extended information:

Consequences of overdue credit cards

1. Liquidated damages, usually 5% of the minimum repayment amount and the unpaid part.

2. The interest is high, and the interest is compounded. The interest rate is very scary when the debt is large.

3. Overdue credit records will be stained, resulting in the inability to handle financial needs such as house purchases and loans within the next two years.

4. If the payment is overdue for more than 3 months, and the amount exceeds RMB 10,000, and the bank has failed to pay multiple reminders, you will not only have to bear the repayment, but may also bear criminal liability.

This ends the introduction on what to do if you overpay on your credit card and what to do if you max out your credit card. I wonder if you found the information you need?