Vanity is a woman's greatest weakness. Women would rather let their men take on car loans and mortgages than follow the social trend. Houses and cars follow the vanity of women. People who are overdrawn in this society are everywhere, and houses and cars are the biggest black holes of vanity.
Introduction to credit card overdraft
Credit card overdraft is a short-term overdraft given by the credit card issuer to the cardholder within the prescribed limit when shopping with the card. For credit cards, it is allowed to "consume first, then repay", and overdraft is an important feature. For debit cards, "deposit first, then spend", but the premise is that it is determined to be a goodwill overdraft and the repayment is guaranteed.
It also allows cardholders to overdraw an appropriate amount in a short time when they are in urgent need of funds. Overdraft interest is generally much higher than bank loans in the same period, and card issuers also have a set of measures to prevent and recover overdraft risk losses.
Credit card overdraft interest shall be charged at the rate of five ten thousandths of daily interest within 15 days from the date of signing the contract or the date of bank entry (inclusive), and at the rate of five ten thousandths of daily interest after 15 days, and at the rate of fifteen thousandths of daily interest after 30 days or when the overdraft amount exceeds the prescribed limit. The overdraft interest is not divided into sections, and the interest is calculated according to the highest interest rate grade or the highest overdraft amount.