Those who frequently use credit cards should know that credit cards have a certain limit, and everyone’s limit is different. Can a credit card be used beyond the limit? Let’s learn more below!

Can a credit card be used in excess of the limit?

Credit cards can be used in excess of the limit. However, users who need to comply with the relevant bank policies can use the over-the-limit limit, and only in excess of the limit. 10%. For example, if your credit card has a fixed limit of 10,000 yuan, then your over-limit limit is 1,000 yuan. In fact, the available limit of your credit card is 11,000 yuan. Customers who use their cards poorly will not have an overage limit. Customers with good card usage will have an over-limit limit. Therefore, the specific over-limit limit depends on the policies of each bank.

Can over-used credit cards be repaid in installments?

Credit card overdrafts can be repaid in installments. As long as the consumption amount reaches the starting amount of bank installments, you can apply for installments and you can apply for bill installments. You can also apply for single consumption installment. As long as the consumption amount of the credit card reaches the installment requirements, you can apply for it as needed.