How much the limit can exceed depends on the cardholder's comprehensive use of the card. In addition, the over-limit limit is also affected by the card level. For example, the overrun ratio of gold card and ordinary card is 10% of the current credit limit, and the overrun ratio of platinum card (inclusive) or above is 5% of the current credit limit. It should be noted that the over-limit limit cannot be used for transfer and cash advance.
Credit card limit, also known as credit card available limit, refers to the maximum amount of credit card you can use, including credit limit (that is, the maximum overdraft limit of credit card) and the amount deposited in credit card.
The available amount is comprehensively judged by the user's spending power and repayment status. With good credit and timely repayment, banks will naturally increase the credit limit and encourage users to spend. So there will be changes.
The amount of any credit card depends on the effective income provided by the individual during the application process and the value of the asset guarantee. The credit limit of a credit card is positively related to the applicant's income and secured assets, that is, the higher the income and secured assets, the higher the credit limit. Therefore, the applicant must provide proof of income, provident fund social security and asset guarantee statement. Asset guarantee includes fixed assets such as real estate and automobiles, as well as current assets such as savings and bonds.
Credit card available limit refers to the unused credit limit of your credit card. The available amount will decrease with each consumption of the cardholder and recover with each repayment of the cardholder.
The calculation method of credit card available limit is: available limit = credit limit approved by the bank-outstanding debt on the bill-transaction amount that has not been recorded but has occurred-other related interests and expenses.
Unpaid recorded amount refers to the amount of credit card transactions that have been booked but not returned; Cumulative used unrecorded amount refers to the amount of credit card transactions that have occurred but have not been accounted for; Other related interests and expenses refer to interest such as cash withdrawal or installment payment.
For example, if the credit line is 6,543,800 yuan, the unpaid paid amount is 50,000 yuan, and the used unrecorded amount is 20,000 yuan, the available line is 30,000 yuan.
Although banks emphasize the interest-free period when promoting credit cards, most people are not very clear about the rules of interest-free period, thus spending a lot of money. For example, during the Spring Festival, Xiao Zhang bought a new mobile phone and swiped 4,000 yuan with a credit card. At the time of repayment, there was only 3999.7 yuan in the account. After the bank deducted money, Xiao Zhang still owed the bank 0.3 yuan.
Maybe this is nothing in real life, but banks don't think so. Consumers have to pay interest if they fail to repay in full, and they do not enjoy the interest-free period (daily interest = the remaining unpaid amount of the day * interest rate). It is recommended that you pay in full when you repay, so as not to cause greater losses.