The credit card bill balance is negative, indicating that the bank has paid more money before, which is called credit card overpayment. This money can increase the available credit card limit or be used directly for consumption.

Generally, the balance shows a positive number, indicating overdraft, and the balance shows a negative number, indicating that there is an excess deposit in the credit card now.

reference data

The main characteristics of credit cards

Cash advance deposit is not encouraged. You can enjoy an interest-free repayment period and can repay in installments (minimum repayment amount). Join VISA, Master Card, JCB and other international credit card organizations, which are universal.

It is one of the fastest-growing financial services, and it can replace the traditional cash circulation in a certain range.

Consequences of overdue

1. The liquidated damages are generally the minimum repayment amount, that is, 5% of the unpaid part.

2, the interest rate is high, and it is rolling interest. When there are many debts, the interest rate is scary.

3. Overdue will tarnish the credit record, resulting in the inability to handle financial needs such as buying a house and lending in the next two years.

4. The overdue payment is more than 3 months, and the amount exceeds 1 000 yuan, and the bank has repeatedly failed to make dunning. At that time, you will not only pay back the money, but also bear criminal responsibility.

References:

Baidu encyclopedia-credit card