A negative balance on a credit card is not considered overdue. There may be the following situations when a negative number appears on a credit card: 1. The temporary limit of the credit card has expired, and the used limit will be displayed as a negative number; 2. The credit card has exceeded the limit, that is, your last consumption transaction exceeds the available limit and exceeds the limit. The part will exist in the form of a negative number. 3. The credit card limit has been reduced by the bank.
Extended information:
1. According to the law, if a credit card holder cannot repay the minimum repayment amount for more than three consecutive months, the bank has the right to file a lawsuit in court, but under normal circumstances , the bank will not file a lawsuit in court when the cardholder has just overdue. The bank will first contact the cardholder to urge him to repay. If the cardholder fails to repay after being urged or cannot contact the cardholder, the bank will File a lawsuit in court.
When you are overdue on your credit card, there is another good way to negotiate with the bank for personalized installment repayment. This can avoid being collected and sued.
2. Credit card limit
Credit card limit, also known as the credit card available limit, refers to the maximum amount that can be used by your credit card. It includes the credit limit (that is, the maximum amount that can be used by a credit card). overdraft limit) and the amount deposited on the credit card.
The limit of any credit card depends on the effective income and asset security value provided by the individual during the application process. The credit limit of a credit card is positively correlated with the applicant's income and secured assets, that is, the higher the income and secured assets, the higher the credit limit obtained.
3. Tips for increasing the credit limit
1. Consistent and frequent credit card consumption
Persistence means that after you have a credit card, you must persist in long-term credit card consumption. It is best to If the credit card consumption limit is generated every month for more than three consecutive months, do not use it for a period of time and then freeze it for a long period of time.
Frequency means to swipe your card wherever you can, no matter how big or small the amount is. The more times and merchants you use, the better. If you swipe your card all at once, it will be easy for the bank to think you have a credit card. It is difficult to raise the amount due to suspicion of cash withdrawal.
2. Pay attention to the amount of credit card swiping and the temporary limit increase
Pay attention to the amount of credit card swipe and make full use of the temporary limit increase.
3. Persist in applying and seize the opportunity to apply
Persist in applying and seize the opportunity to apply, a two-pronged approach. For credit card users, you can insist on using the phone to apply to increase the credit card limit, because different customer service or staff have slightly different attitudes and principles when processing applications in this area. Maybe they failed the previous one but passed the next time, and Keeping a record of your phone application will also help you apply for a quota increase in the future.
4. Use the threat of card cancellation or sleep suspension