Card over-limit consumption, also known as credit card over-limit consumption, generally refers to the credit limit of the credit card exceeded by the user after using the credit card. Generally speaking, banks allow cardholders to spend up to 10% of the credit limit of credit cards. What if your credit card is overspent?

What about the excess credit card?

Generally speaking, credit card overspending will not cause too many serious consequences, but cardholders have to pay some extra fees, which will affect the use of credit cards to some extent.

[1] Overconsumption of credit cards will result in an over-limit fee, which will be charged directly by the bank, which is related to the handling fee of the cardholder's over-consumption.

[2] After the credit card is overdrawn, the normal use of the credit card can only be resumed after the credit card debt is paid off, and the cardholder cannot continue to use the credit card until it is paid off. The over-limit part cannot be repaid in installments or the minimum repayment amount, and must be repaid in one lump sum.

Because credit card overdraft can not be repaid in installments or the minimum repayment amount, it invisibly increases the credit card repayment pressure of cardholders. Therefore, it is suggested that cardholders must consider their actual repayment ability when making overspending consumption, so as not to adversely affect personal credit.