Credit card implicit limit, actually called over-limit limit, is a consumption limit given to cardholders by banks in addition to the available limit on the surface, so that cardholders can use it over-limit. However, not all bank credit cards have implicit limits. There are three situations:
1. Credit card with hidden limit:
Banks such as Industrial and Commercial Bank, Agricultural Bank, China Bank, Guangfa Bank, Ping An Bank and Industrial Bank have implicit credit lines by default, which are generally 10% of the credit line. For example, if a credit card with 1000 yuan has a hidden credit limit of 1 1000 yuan, then the maximum credit limit is actually 1000 yuan.
2. Credit cards with no hidden limit:
Bank of Communications, China Merchants Bank, China Construction Bank, etc. There is no hidden credit limit, because they don't provide the function of over-limit credit card, so they can only use credit cards within the available credit limit. If the available limit is less than the overdraft limit, the credit card will fail. In this case, you can restore part of the quota by repayment, or apply for a temporary quota, and then use a credit card to spend.
3. Need to open a credit card with hidden limit:
Minsheng Bank has an over-limit service, so it also has a hidden quota, but unlike most banks, the over-limit function of Minsheng is not enabled by default.
Every bank has its own credit limit. We can use it reasonably according to different credit lines. Everyone's financial conditions are different, so everyone's credit card limit is different.
Nowadays, people use credit cards more and more, because people's living standards are slowly improving, and the improvement of living standards needs more money. But many people can't complete their own consumption by earning wages, so they use credit cards to spend. With a credit card, you can spend in advance as long as you have a certain amount. After spending in advance, they need to repay next month, because repayment is something we have to do. Because we spend in advance, we have to repay in time.
Although credit cards can bring us a more convenient life, if we use credit cards, we should repay them in time.