Credit card refers to a kind of credit certificate and payment tool issued by banks or specialized companies to cardholders for cash withdrawal, settlement or direct consumption in shopping malls, restaurants, hotels and other consumer places. The so-called credit has two meanings here. One is that the cardholder can keep his promise and keep his word, and has certain economic strength and payment ability in economic activities and consumption activities. Therefore, in a sense, credit cards also reflect the credit status of a person or an enterprise. Second, the credit card itself has some credit functions of financial institutions.
There are three types of credit cards: debit cards, quasi-credit cards and credit cards.
Credit card refers to the credit card that the issuing bank gives the cardholder a certain credit limit, and the cardholder can spend first and then repay.
Credit card credit limit
1. The issuing bank determines the credit limit according to the credit status of the cardholder, and has the right to adjust the credit limit of its account according to the change of the credit level of the cardholder. All credit cards under the same account share the credit limit of the account.
2. The single overdraft of the same cardholder's personal card shall not exceed 20,000 yuan, and the single overdraft of the company card shall not exceed 50,000 yuan.
3. The monthly overdraft balance of the same account of the personal card shall not exceed 50,000 yuan, and the corporate card (business card) shall not exceed 3% of the comprehensive credit line granted to the company by the issuing bank. The monthly overdraft balance of a company without comprehensive credit line cannot exceed 654.38+10,000 yuan.
Repayment method
1. Interest-free repayment period treatment (non-cash transaction). The interest-free remittance period is from the bank bookkeeping date to the due repayment date specified in the statement notice of the issuing bank, and the due repayment date is generally the 25th day from the printing date of the statement. The longest interest-free repayment period is 60 days. Cardholders can enjoy an interest-free repayment period when they repay all bank funds before the end of business on the due repayment date, and there is no need to pay overdraft interest for non-cash transactions.
6. When withdrawing cash, the cardholder does not enjoy the interest-free repayment period and the minimum repayment amount, and pays overdraft interest calculated at the prescribed interest rate on the cash transaction amount from the bank bookkeeping date. Cardholders use the credit line to withdraw cash, and each card does not exceed 2000 yuan per day.