2. Use the over-limit line: Many banks automatically open the over-limit line, which is generally 10%. Generally, it can only be used by credit card, and the repayment amount is the used fixed amount plus the overrun line.
The above is the reason why the total credit card debt is higher than the limit.
How long is the credit card valid?
1. Online application: For the credit card that the applicant applies online through the bank's credit card website and the third-party platform that cooperates with the bank, after the card is approved successfully, it is often stipulated that the card can be opened only after the face-to-face examination at the bank's business outlets is successful. The interview time is generally within 3 months after receiving the text message. If the face-to-face review fails, the credit card will be cancelled and the card cannot be opened. After the face-to-face examination is successful, the cardholder can open the card within the validity period of the credit card. The validity period is generally marked on the card surface, with a set of numbers or two sets of numbers.
2. Offline application: that is, go to the bank's business outlets to open the card offline. Whether it is a new user or an old user, as long as the card is approved and the credit card is successfully obtained, you can do it yourself without going to the bank for face-to-face signing. Because when opening the card, the bank has checked the applicant's ID card information and determined that I opened the card. The actual card opening time should also be based on the validity period of the credit card, but at least 2 months before the expiration of the validity period.
Can I cancel my credit card after it is overdue?
If the credit card is overdue and the credit card bill is paid off after consultation with the bank, the cardholder can choose to cancel the account. But strictly speaking, it is not helpful for cardholders to close their accounts. The new credit report will clearly record how much and how long the cardholder's credit card in a bank is overdue. When the cardholder pays off the credit card bill, the bad credit record on the credit information will be cleared at least five years later. If the cardholder chooses to cancel the account, the bad credit record of this card will always exist, which will have a certain impact on the cardholder's future loan business.
After paying off the credit card bill, the cardholder can use the credit card for a period of time, repay the loan on time, and turn in the credit card usage record to cover up the bad record. This paper is mainly about why the total credit card debt is higher than the limit, and the content is for reference only.