Credit card holders can use certain funds outside the original credit card limit, that is, cardholders can swipe their cards outside the limit; However, banks have to charge a certain over-limit fee, and the credit card over-limit fee is 5% of the over-limit part. But it should be noted that:
1. Cardholders must apply for and open credit card services that exceed the credit limit;
2. If the cardholder has not opened the credit card over-limit service, he can open this function through customer service hotline, personal online banking and other channels.
3. The overrun part enjoys an interest-free period, but it must be fully paid off on the due repayment date, that is, the overrun part cannot be repaid according to the minimum repayment amount.
Credit card overdraft
Credit cards can be overdrawn, but credit cards have an available limit and can only be used within the limit, and the corresponding limit will be restored after repayment. However, if the credit card limit is not enough, there is still an over-limit emergency.
What do you mean the credit card is over limit?
Credit card overrun literally means exceeding the limit, that is, exceeding the maximum overdraft limit of your credit card. Not every bank has this limit, and the rules and charges for exceeding the limit are different.
For example, your credit card limit is 1000 yuan, but you have used 9000 yuan. If you want to spend 1, 654,38+0,000 yuan now, you need to use the over-limit amount. If there is no over-limit amount, you can only spend 1 0,000 yuan.
The bank card exceeds the limit, that is, it exceeds the maximum limit of bank card withdrawal and payment.
According to the Measures for the Administration of Bank Card Business:
Article 45
The issuing bank shall observe the following credit card business risk control indicators:
(1) The single overdraft amount of the same cardholder shall not exceed 20,000 yuan (including the equivalent value) for individual cards and 50,000 yuan (including the equivalent value) for unit cards.
(2) The monthly overdraft balance of an individual card in the same account shall not exceed 50,000 yuan (including the equivalent value), and the unit card shall not exceed 3% of the comprehensive credit line granted by the issuing bank to the unit. The monthly overdraft balance of the unit without comprehensive credit line for reference shall not exceed 654.38+10,000 yuan (including equivalent value).
(3) The overdraft limit of the card shall not exceed 80% of the cardholder's deposit (including the amount pledged by the certificate of deposit). (4) The monthly average overdraft balance that newly occurs over 180 days (including 180 days, the same below) since the implementation date of these Measures shall not exceed 15% of the monthly average overdraft balance.
Article 46
The maximum overdraft period of quasi-credit cards is 60 days. The minimum repayment amount of a credit card in the first month shall not be less than 10% of the overdraft balance in that month.
Extended data:
According to the Measures for the Administration of Bank Card Business:
Article 24
Commercial banks should charge merchants the settlement fees for bank card acquiring business according to the following standards:
(a) hotels, restaurants, entertainment, tourism and other industries shall not be less than 2% of the transaction amount;
(two) other industries shall not be less than 65438+ 0% of the transaction amount.
What if the credit card exceeds the credit limit?
As long as the credit card consumption is successful, the excess credit card will be included in the current credit card bill together, and the arrears will be paid off before the repayment date. Generally speaking, 20% of the fixed amount is used for credit card overrun, but the overrun can only be used if the amount is insufficient when the user pays by credit card. Cash advance by credit card does not support exceeding the limit. If the credit card exceeds the limit, it needs to exceed 5% of the fixed amount as the handling fee, and the part exceeding the fixed amount can also enjoy an interest-free repayment period, but it must be paid off in one lump sum.
Credit card type:
Credit card, also called debit card, is a credit certificate issued by a commercial bank or credit card company to eligible consumers. It is a card with name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.
According to different card issuers, it can be divided into bank cards and non-bank cards.
Bank card. This is a credit card issued by the bank. Cardholders can shop and spend money at the special merchants of the issuing bank, or they can withdraw cash at any time at the outlets of the issuing bank or at places with ATMs.
Non-bank card.
This kind of card can be divided into retail credit card and travel entertainment card. Retail credit cards are credit cards issued by commercial organizations, such as department stores and oil companies, which are specially used for shopping in designated stores or filling gas stations. , and settle accounts regularly. Travel and entertainment card is a credit card issued by airlines, travel companies and other service industries, which is used for ticket purchase, dining, accommodation, entertainment and so on.
According to the different issuing banks, it can be divided into corporate cards and personal cards.
Company card. Company cards are issued to various industrial and commercial enterprises, scientific research and education institutions, state party and government organs, armed forces, organizations and other legal person organizations.
Personal card. Personal cards are issued to individual urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable income sources. The personal card is applied in the name of an individual and bears all the responsibilities for its use.
According to the credit status of cardholders, it can be divided into ordinary cards and gold cards.
Ordinary card. Ordinary cards are issued to cardholders with average economic strength, credibility and status, and the requirements are not high.
Gold card.
Gold card is an advanced credit card that pays a high membership fee and enjoys special treatment. Card issuers are institutions with high credit, strong repayment ability, credit or certain social status. The starting point of gold card authorization limit is higher, and the additional service items and scope are wider, so the requirements for related service fees and deposits are higher.
What if the credit card limit exceeds?
The part of credit card repayment that exceeds the limit is generally called "overpayment", and this part of the money is displayed in negative form on the credit card available limit. For example, if you used your credit card to spend 100 yuan, but you paid it back to 500 yuan, then your next limit will be displayed as "-400 yuan". Money that exceeds the repayment amount will be deposited in your credit card, which will not generate interest or commission. Generally speaking, there are three ways to deal with the money:
I. Withdrawal of cash
Take out the extra money. However, this operation will generate a certain handling fee. Different banks charge different fees, such as Guangfa Bank. No matter whether you withdraw your cash at the ATM of Guangfa Bank or at the counter of Guangfa Bank, as long as you are in Chinese mainland, there is no handling fee at our bank, inter-bank, local or disaster area. Other banks, such as Industrial and Commercial Bank of China, China Construction Bank, Bank of Communications, Huaxia Bank, etc. No handling fee will be charged for handling cash withdrawal business at local ATM or bank counter, but a certain handling fee will be charged if one of them does not meet the above conditions. Therefore, the specific handling fee should be consulted with the bank to which your credit card belongs.
Second, the money stays in the card.
Pay with this card when you buy something. If the excess amount is not large, you can use this method to shop with the money in the credit card, and there will be no interest and handling fee.
Third, the remaining money in the card will be deducted for the next repayment.
If you leave the money in the card without spending it, it is equivalent to adding it to your loan amount and giving priority to deducting this amount in the next loan period. In fact, this is the same principle as the second method.
If your credit card will continue to be used and there is not much extra money, then I suggest you leave the money in the credit card, because the credit card itself is designed for people to spend in advance, and there will be no interest on saving money. On the contrary, withdrawal requires a certain handling fee.
Spending this money with a credit card will not generate interest and handling fees, nor will it affect your credit limit. In addition, I suggest that you choose a repayment method that is more suitable for your own consumption during the next credit card loan repayment period to avoid the worry of overpayment.
service condition
POS card reader
Swiping a card on a POS machine is the most common way to use a credit card, and it is also a way to swipe a card online. When swiping a card, the operator should first check the validity period of the credit card and the cardholder's surname.
Then, according to the issuing bank and the currency to be paid, select the corresponding POS machine, draw the magnetic stripe of the magnetic stripe credit card on the POS machine, or insert the chip credit card into the card slot, connect with the bank, and input the corresponding amount. After receiving the information of remote payment, POS will print a credit card payment receipt (at least two copies), and the cardholder will sign the receipt after checking that the information on the payment receipt is correct.
After checking the signature on the receipt and the signature on the back of the credit card (including the complete name matching and the basic handwriting matching), the operator sends the credit card copy and the credit card payment receipt to the cardholder. At this point, the credit card swiping program on the POS machine is completed.
RFID camera card
It is a new credit card usage mode and networking mode, which is sensed by swiping the card on the RFID machine. When picking up the card, the operator must first check the validity period of the credit card and the cardholder's last name.
Then, according to the issuing bank and the kind of currency to be paid, select the corresponding punching machine, input the corresponding amount, and lay the credit card flat on the sensor for no more than 10cm. After the RFID machine senses the credit card, it will send out a signal sound and then continue to run the program. After the remote payment receives the information, the printer (if connected) will print out the receipt of credit card payment, but unlike the previous method, the cardholder does not need to sign, which is faster and more convenient than the previous method. At this point, the card swiping induction program on the RFID machine is completed.
Manual pressure plate
Usually, manual pressure tablets are used without POS machines or networking. The pressing operation must have a pressure-sensitive copy of the Direct Purchase Order (at least two copies) and a telephone. The inspection before pressing the order is the same as that of the POS machine.
Then, the operator prints the name, etc. Note the credit card on the purchase order with a card press, and write down the amount, date and other information, then call the authorization hotline of the acquiring bank, report the card information to apply for authorization, write the obtained authorization code on the purchase order, and the cardholder will sign it after confirming it is correct.
After checking the signature, the operator gives the cardholder a copy of the credit card and the order form. At this point, the manual pressing procedure is completed. Authorized calls are usually made immediately.
In some areas with poor communication or good credit discipline, merchants will encounter the situation that they will deliver the goods after signing the card to complete the transaction. Authorization will be completed in the future, but the merchant is at risk of encountering a credit card (if the customer pays with an invalid card and does not apply for an authorization code immediately, it will not be discovered immediately).
Online payment
From the cardholder's point of view, online payment is considered to be one of the most risky payment methods for credit cards, because malicious people may use phishing, eavesdropping on network information, fake payment and other means to steal user information. When paying online, you need to enter the validity period of the credit card, the number of Visa CVV2/MasterCard CVC2/ UnionPay CVN2 next to the signature column on the back of the card, the online transaction password, and sometimes you need to enter your name, the verification code randomly generated by the webpage, etc. After the input is completed, click Submit to complete the online payment. With the development of the Internet, the security of online payment and credit card payment has gradually improved, which has also blown up the trend of online consumption.
Television and telephone transactions
Similar to online payment, need, expiration date, visa CVV2 code/MasterCard CVC2/ UnionPay CVN2 and other information.
Pre - authorization
Pre-authorization is generally used to pay a deposit, that is, to freeze the available amount of a part of a credit card as a deposit. The process of pre-authorization is similar to manual bill pressing, but the content of the phone call is to ask for the pre-authorization of the corresponding amount, not to ask for money or to press the bill, but to issue a deposit receipt certificate.
General pre-authorization will be cancelled by the merchant at the time of checkout. If the merchant forgets to cancel, he can call the merchant to ask for cancellation, but he can't call the authorized institution to cancel himself. Or, wait for the bank to automatically cancel the pre-authorization (usually ranging from 7 to 30 days)
So much for the introduction of how to do if the credit card is overdrawn.