Can be used for consumption repayment

Credit card customers must pay a certain amount of fees for withdrawing the overpaid funds or funds deposited in the credit card account during repayment. This amount can increase the available limit of your credit card or be used directly for consumption repayment. If there is an overpayment on the credit card, the overpayment will be deducted first and then the credit limit. If the overpayment is greater than the consumption amount, there will be no overdraft. No interest is accrued on overpayment.

In fact, banks do not encourage cardholders to charge money to their credit cards because credit cards adopt a consumption-first-repayment model. Therefore, the bank stipulates that a certain handling fee will be charged for overpayment withdrawal. At the same time, the handling fees for cash withdrawals from credit card overpayments vary from bank to bank.

Extended information

Many banks, including ICBC, China Construction Bank, China Minsheng Banking Corporation and Hua Xia Bank, have canceled the handling fees for overpayment withdrawals on credit cards. A staff member of the Credit Card Center of ICBC Shaanxi Branch said that cash withdrawals for overpayments on the bank's credit cards have always been free of charge at the counter and ATM machines.

Most banks charge a handling fee of 0.5 to 3% for overpayment on a credit card and then withdrawing cash, and there is no upper limit. Bank industry insiders suggest:

1. First of all, cardholders must read the relevant terms carefully when applying for a card.

2. Secondly, try to repay the bill in full according to the bill, or set up the debit card associated with the credit card for automatic deduction. In addition, try to absorb the "overpayment" that has occurred by using credit card consumption. If you need to withdraw excess payment, do not use your credit card to withdraw cash directly from an ATM.

3. The transfer fees of mobile banking and online banking are cheaper than those at counters and self-service machines. Cardholders can transfer overpayments to debit cards and use debit cards to withdraw money to save costs.

Baidu Encyclopedia - Overpayment

ifeng.com - Pay fees when you withdraw your own money. Many banks have canceled credit card overpayment fees