Can I still withdraw money if I have too much money on my credit card?
The overpayment on a credit card can be withdrawn. The overpayment on a credit card is called overpayment.
There is generally a handling fee for withdrawing overpayment, but some banks will also waive the handling fee for withdrawing overpayment. The specific rate needs to be subject to bank regulations.
If there is an overpayment on the credit card, the credit limit will be increased, and this part of the money will be deducted first when making purchases. The credit limit will be deducted after the overpayment is deducted.
When the consumption level is less than the overpayment, the credit card will not be overdrawn. You can also directly swipe the credit card to use the money when shopping until the money is used up. There will be no interest or handling fees for handling overpayments in this way.
A credit card, also called a credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. It takes the form of a card with the issuing bank's name, validity period, number, cardholder's name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit.
Main features:
①Credit card is one of the fastest growing financial services today. It is an electronic currency that can replace traditional cash circulation to a certain extent;
②Credit cards have both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, and can also obtain certain loans from card issuers by using credit cards;
③Credit cards are high-tech products that integrate financial services and computer technology.
④Credit cards can reduce the use of cash;
⑤Credit cards can provide settlement services, facilitate shopping and consumption, and enhance a sense of security;
⑥Credit cards can simplify collection Reduce payment procedures and save social labor;
⑦Credit cards can promote product sales and meet social needs.
Credit cards have two functions: overdraft and cash withdrawal, but cash withdrawals require a certain percentage of handling fees, and even if you deposit your own money into it, you will be charged. Therefore, it is not cost-effective to use or use it as a passbook.
The choice of credit card is very important. Nowadays, many commercial institutions have bundled cooperation services with banks. For example, you can apply for a joint credit card between a department store and the corresponding bank, and you can spend points here as a member and earn points. Discounts; or some cards can provide discounts at designated merchants, including dining, movies, towing services, etc. There are various names, and you can choose freely according to your own needs. Credit cards should be used wisely and chosen wisely.
Can I withdraw the excess cash from my credit card?
Yes, there are two ways to transfer the overpayment on your credit card. One is to bring your card and ID card. Transfer the extra money from the card to your savings account at the bank at the business outlet counter or ATM machine; second, log in to the card-issuing bank's online banking or mobile banking, enter the "Credit Card" page, and find the "Cash Transfer" option to operate .
Application method
Application
In most cases, those who have full capacity for civil conduct (citizens over 18 years old in mainland China) have certain direct Citizens with limited financial resources can apply for a credit card from the card issuing bank. Sometimes, legal persons can also be applicants.
Applicants for credit cards can be divided into units and individuals. Applicants should be institutions, enterprises and business units, foreign-funded enterprises and individual industrial and commercial households with independent legal person status in my country. Each unit applying for a credit card can receive a main card and multiple (5-10) supplementary cards as needed. To apply for a credit card, an individual must have a fixed occupation and a stable source of income, and provide a guarantee to the bank. The forms of guarantee include personal guarantee, unit guarantee and personal capital guarantee.
The application method is generally by filling in a credit card application form. The content of the application form generally includes the name of the applicant, basic information, economic status or source of income, guarantor and his/her basic information, etc. And submit certain copies of documents and certificates to the card issuing bank.
After the customer fills in the application form truthfully according to the content, the customer must also submit the relevant credit certificate while submitting the completed application form. The application form is accompanied by a credit card use contract. The applicant authorizes the card-issuing bank or relevant departments to investigate its relevant information, and submits a statement of the authenticity of the information, the card-issuing bank's privacy protection policy, etc., and must have the applicant's signature.
Review
After receiving the application form and relevant materials from the applicant, the card-issuing bank must review the applicant's creditworthiness. The content of the review mainly includes whether the content of the application form is true. For the applicant, the creditworthiness of the applicant must be assessed. For individuals, the relevant circumstances of the guarantor must also be reviewed.
Usually, banks will judge whether to issue a credit card to the applicant based on the application information and various aspects of the applicant's information and financial situation. Factors considered include the applicant's past credit record, the applicant's known assets, professional characteristics, etc. The specific factors and processes reviewed by the card issuing bank are commercial secrets and are generally difficult for outsiders to understand. The standards of each card-issuing bank are also different. Therefore, the same materials may be issued with different credit limits and different types of credit cards in different banks. Some banks may even approve the application, while others may reject it. .
Card Issuance
After the applicant successfully applies for a credit card, the card issuer will open a separate credit card account for the cardholder at the card-issuing bank for settlement after shopping, consumption and cash withdrawal.
Card opening
Since the card is sent by mail after the credit card application is approved, there is no guarantee that the recipient is the applicant. In order to protect applicants and banks from fraud losses, the credit card has set up a card opening procedure before it is officially launched. Card opening is mainly done by phone or online. The relevant personal information provided during the application is checked. Once the information is met, the card opening process is completed. At this point, the applicant becomes the card holder and can officially start using it after signing on the back of the card. After opening a credit card, you generally need to set up a password for the card.
After accepting a credit card, a credit card merchant or bank must review the validity of the credit card and the identity of the cardholder.
Can I withdraw the overpayment on my credit card?
The overpayment on my credit card can be withdrawn, but you may need to pay a handling fee when withdrawing cash. The cash withdrawal handling fees of major banks are different. , generally charge 1/transaction, and some banks do not charge handling fees. The overpayment on a credit card is called overpayment. The money will be used first the next time you swipe the credit card. If you don't swipe the credit card, the overpayment will always be in the credit card, but no interest will be charged.
Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.
Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement , cash deposit and withdrawal and other full or partial functions of the electronic payment card. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.
In most cases, citizens who have full capacity for civil conduct (citizens over 18 years old in mainland China) and have certain direct financial resources can apply for a credit card from the card issuing bank. Sometimes, legal persons can also be applicants.
Applicants for credit cards can be divided into units and individuals. Applicants should be institutions, enterprises and business units, foreign-funded enterprises and individual industrial and commercial households with independent legal person status in my country. Each unit applying for a credit card can receive a main card and multiple (5-10) supplementary cards as needed. To apply for a credit card, an individual must have a fixed occupation and a stable source of income, and provide a guarantee to the bank. The forms of guarantee include personal guarantee, unit guarantee and personal capital guarantee.
The application method is generally by filling in a credit card application form. The content of the application form generally includes the name of the applicant, basic information, economic status or source of income, guarantor and his/her basic information, etc. And submit certain copies of documents and certificates to the card issuing bank. After the customer fills in the application form truthfully according to the content, the customer must also submit the relevant credit certificate while submitting the completed application form. The application form is accompanied by a credit card use contract. The applicant authorizes the card-issuing bank or relevant departments to investigate its relevant information, and submits a statement of the authenticity of the information, the card-issuing bank's privacy protection policy, etc., and must have the applicant's signature.
How to refund the overpayment on the credit card
If the overpayment on the credit card becomes an overpayment, the user can directly withdraw the overpayment. . If the repayment funds have not turned into overpayments, then the user needs to retain relevant evidence of the two repayments. After submitting the evidence to the bank, it proves that there is a repeated deduction. After the bank verifies that it is correct, the repayment usually takes a few working days. The funds will be returned via the original route.
Therefore, there are two ways to solve the problem of heavy credit card repayments. Although overpayments can be withdrawn directly, some banks require payment of handling fees for overpayment withdrawals.
1. Serve as the next repayment: The overpayment amount does not need to be taken out, but is placed on the credit card, and then the card can be used as normal for consumption. The repayment amount for the next bill can be used as the overpayment amount. deducted from the amount. But the disadvantage of this is that the money becomes dead money when it is left on the credit card and cannot accrue interest.
2. Some banks can directly withdraw cash: For the overpayment on credit cards, some banks can directly withdraw cash without handling fees, but most of them are limited to local banks. For example, ICBC, China Construction Bank, Bank of China, China Minsheng Bank and other banks have no handling fee for withdrawing overpayment from credit cards at local branches (over the counter or ATM machine); the local branch of Shanghai Pudong Development Bank stipulates that there is no handling fee for withdrawing money from the bank's ATM machines. There is a 0.5 handling fee for retrieval, with a minimum charge of 5 yuan. If you withdraw cash from someone other than our own bank, a certain handling fee may be charged. For example, ICBC charges 2 yuan per transaction for inter-bank withdrawals; China Construction Bank charges 1 handling fee for cross-bank withdrawals, with a minimum of 2 yuan and a maximum of 50 yuan;
3. Online banking transfer of some banks: If you accidentally overpay, some banks can also transfer funds to their bank savings cards through online banking in addition to withdrawing cash from ATMs and counters. Different banks have different policies for overpayment online banking transfers. Specific cardholders can call the bank's customer service number to ask
4. Next repayment. If you have more money on your credit card, you can also leave the money in the card and wait for the next repayment. In this case, you don’t have to worry about the next repayment, and you can confidently and boldly spend overdraft in advance. .
5. Transfer and remittance. If you have too much money on your credit card, you can also use the transfer function of your credit card to transfer the excess money to other bank cards. In this case, there will generally be no handling fees and you can save some trouble.
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Can I withdraw the overpayment from my credit card?
The extra money saved in the credit card can be withdrawn. But there is a handling fee. The extra money that a credit card user deposits during repayment or the amount owed in the credit card is called overpayment, which is an overpayment.
For example, if you need to repay 500 yuan in this period, the actual repayment is 600 yuan, and the extra 100 yuan is the overpayment. This part of the money can be withdrawn, or used directly for consumption, or the available limit of the credit card can be increased. However, if you want to withdraw it, you need to pay the corresponding handling fee and there is no interest.
If there is an overpayment on the credit card, the credit limit will be increased, that is, this part of the money will be deducted first when consumption is made, and the credit limit will be deducted after the overpayment is deducted. When the consumption level is less than the overpayment, the credit card will not be overdrawn.
You can also directly swipe the credit card to use the money when shopping until the money is used up.
Both methods of handling overpayments will not incur interest or handling fees.
Credit card repayment means that when the cardholder's credit card consumption reaches the final repayment date, in order to ensure the cardholder's good credit record, the bill consumption funds are returned to the bank.
Repayment methods
The common credit card repayment methods in China mainly include the following categories (according to the cost):
Credit card repayment mobile phone is a mobile The personal payment terminal of the financial system can be used to pay directly by swiping the card, or to perform transfers and other services. Instant credit!
Convenience store repayment
Convenience store repayment is mainly completed through the "Lakala" smart payment terminal installed in the convenience store. It usually takes 2 to 3 working days to arrive in the account, and there is no handling fee for repayment using this method.
Online repayment
The more common online repayment methods in China include: Baidu Wallet, UnionPay Online, Kuaiqian, Shengfutong, Alipay, Yipay, etc. Depending on the platform and bank you choose, the charging standards and specific payment arrival time will be different.
Starting from December 2017, WeChat officially began to charge users for credit card repayment business, charging 0.1 yuan for the cumulative repayment amount exceeding 5,000 yuan in each natural month (minimum 0.1 yuan). The portion not exceeding 5,000 yuan is still free. In August 2018, the 5,000 yuan fee-free quota was also officially cancelled.
Starting from March 26, 2019, when individual users use the "credit card repayment" function of the Alipay client, Alipay will charge a service fee of 0.1 for the portion exceeding the free limit of 2,000 yuan [1] .
Inter-bank transfer
Inter-bank transfer/remittance repayment is mainly divided into two methods: inter-bank inter-bank in the same city and inter-bank inter-bank in different places. Regardless of the method of transfer or remittance, the remittance bank will charge a certain fee. At the same time, the time it takes for the money to arrive and the convenience of repayment are not as good as intra-peer repayment, online repayment, convenience store repayment and other methods.
Counter Pass
Counter Pass refers to the bank cards issued by various networked financial institutions. RMB current deposits can be made through the counters of other bank branches registered in the UnionPay Exchange Center host system. Withdrawal transactions.
Lakala
Cardholders can complete credit card repayments, mobile phone recharges, online bill payments and other services through convenience stores, bank outlets or purchasing "Lakala" device terminals.
of innovative electronic products.
Repayment Tong
Using "Repayment Tong" to make repayments is generally charged according to the fee standards for intra-city inter-bank transfers and long-distance inter-bank remittances stipulated by the local People's Bank of China.
That’s it for the introduction of whether the overpayment on a credit card can be withdrawn.