What should I do if I pay too much on my credit card? There are several solutions.

Many people have a credit card and no longer want to use it. They plan to cancel the credit card. They need to pay off the credit card balance in advance and make sure there is no excess money. However, many people have overpaid on their credit cards, and they cannot write off the credit card without clearing the excess amount. So what should you do if you overpay on your credit card? Come take a look today.

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

Everyone should know that if you pay too much on a credit card, the amount that exceeds the limit given by the bank will become an overpayment.

For people who have not used the card for a long time, premium payments are very risky. If there are no transactions on the credit card for more than 180 days, the bank is likely to handle the overpayment as bad debt, and the cardholder’s The credit card status will become bad debt, which is very bad. If you want to cancel your credit card, the cancellation will fail because of this overpayment.

So cardholders who overpay on their credit cards should settle the overpayment as soon as possible. There are two most common ways to deal with it, namely withdrawing the money and swiping the card to spend it.

1. If you want to withdraw money, unless the bank supports free cash withdrawals for overpayments, you must calculate the withdrawal amount, because the fees for cash withdrawals need to be deducted from the overpayments to avoid using When your credit card limit is reached, interest accrues and you have to repay it, which is very troublesome.

2. If you use a credit card to spend, you need to find a product with the same price as the overpayment. This way, you can perfectly solve the overpayment without using up your credit card limit, so you don’t have to worry. After swiping the card for consumption, you still have to pay it back.

The above is the relevant introduction to "What should I do if I pay too much on my credit card?" I hope it will be helpful to everyone.

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

The credit balance refers to the overpayment in the cardholder's card account, that is, the excess deposit.

The credit balance cannot be used for installment payment, and can be withdrawn through the counter or ATM machine. There is no handling fee for withdrawal at the counter of BOC Card. If you withdraw money at an ATM machine, a cash withdrawal handling fee will be charged by default but no interest will be charged; Great Wall Card There is no charge for local withdrawals, while handling fees for cash withdrawals from other places will be charged. There is no interest charge for withdrawing excess deposits. For specific charging standards, you can call customer service 4006695566 for details.

The above content is for your reference, please refer to actual business regulations.

What to do if you overpay on a credit card

The overpayment on a credit card can be spent by swiping the card or withdrawing cash. Many cardholders paid off the balance after their credit card bills came out, only to forget to pay it off again, which is equivalent to paying off the loan twice. Paying off extra money is equivalent to depositing money into a credit card. It can be solved in two ways. Let’s learn about it with the editor of Hualv.com. If you have other credit card related issues, you can click on the link at the end of the article for legal consultation and let a professional lawyer take care of your worries. If you have other credit card related issues, you can click on the link at the end of the article for legal consultation and let a professional lawyer take care of your worries.

What to do with the overpaid credit card payment

After repaying the credit card, you can check the repayment status on mobile banking. If you repay the money once, it will be displayed twice. The payment is recorded in the account because the first repayment offsets the current debt. If there is no other debt due on the credit card, the second payment will exist in the form of overpayment.

If there is still consumption after paying off the credit card, the overpayment will be deducted from the next period's bill balance, and the remaining money will still become an overpayment. Considering that the credit card has not incurred any charges for more than 180 days, For transactions, overpayment will lead to the risk of forming bad debts. It is best to settle the money. There are two methods you can try:

1. Spend by swiping your card: First, you must know how much overpayment there is. Make the payment, and then select a product with the same price to pay online, or shop offline. If the payment is successful, the excess payment limit will be used up. For example, if the credit card limit is 5,000 yuan, including an overpayment of 200 yuan, if you purchase 200 yuan of goods, the overpayment limit will become 0.

2. Withdraw cash by credit card: That is, withdraw cash by credit card through the ATM machine of the card issuing bank outlet or at the counter. Take out the excess payment exceeding the credit card limit and turn it into cash. This can also be solved, but the key is Although there is no interest charge for cash withdrawals on credit card overpayments, cash handling fees are likely to be charged, so it is not cost-effective to swipe the card.

What should I do if I have too much money on my bank credit card?

1. Regarding the overpayment on my bank credit card, there are several ways:

2. 1. : If you are in a hurry to use cash, you can go to an ATM to withdraw the excess money. However, credit card cash withdrawal fees will definitely be charged during this period. Even if you withdraw some of the extra money and pay it back, you will still be charged for credit card cash withdrawals.

3.2: If you are not in a hurry to use cash, you can save it in a credit card, but there is no interest. In this way, the next time you swipe the card, as long as it does not exceed the amount you saved, you don’t have to pay back the credit card money. Oh, it's more worry-free, but the disadvantage is that it is inconvenient to withdraw money from the credit card and there is no interest.

4. Summary: It doesn’t matter if you pay more on your credit card. This part of the money can be included in your credit card account, and you can pay less when you make your next purchase. But when you save money in a credit card, the bank is No interest will be charged, but cash withdrawals will be charged according to credit card withdrawals.