Reason for restriction:
1. artificially set limit for cardholders: Some users are worried that their consumption will be unrestrained or their credit cards will be stolen, so they will set credit card limits when using them, which usually includes a single consumption limit and a total transaction limit. As long as they exceed this limit, they can't spend any more.
2. Cash-out of credit card is a very repugnant behavior of banks. For insurance, the single consumption amount of POS machines by hand is usually limited to less than 50,000 yuan, and the maximum daily credit card amount should not exceed 200,000 yuan.
3. Some banks will impose a single transaction restriction on the personal consumption of cardholders, or set a daily cumulative payment limit for credit cards. Usually, as long as this limit is exceeded, credit card transactions cannot be carried out.
Extended data:
Everbright Credit Card Credit Card Limit Standard:
1.POS spending limit: 5,000 yuan for single card spending, and 200,000 yuan for daily spending.
2. Dynamic password consumption limit: Generally, the daily consumption limit will not exceed 20,000 yuan. If advanced tokens are used for dynamic password consumption, the maximum daily consumption limit is 6,543,800 yuan.
3. Consumption limit of WeChat payment: the consumption limit of each payment is 500 yuan, and the fast payment limit of Tenpay's credit card is 40,000 yuan/day.
4. Limit on Alipay: Alipay's credit card cartoon payment limit is 5,000 yuan/day, and Alipay's credit card fast payment limit is 50,000 yuan/day.
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