According to the regulations of the central bank, banks can control the maximum credit card spending at 1 10% of the preset credit line, which is equivalent to 10%. Therefore, if the credit card limit is used up, it can still be overdrawn.
However, it should be noted that:
1, the extra 10% consumption limit is not free, and the bank will charge a certain percentage of "overrun fee" for this amount;
2. The charge for the credit card overrun fee is usually 5% of the credit limit. The minimum overrun fee for RMB account is 10 yuan, and the maximum overrun fee is 200 yuan. That is to say, if the credit card has a fixed limit of 20,000 yuan, the cardholder can still overdraw 500 yuan for consumption after using this limit, but he must pay the over-limit fee from 500 yuan to 25 yuan.
3. After applying for a temporary credit line, you must first pay off the part exceeding the original fixed credit line. Because the temporary credit line is not included in the minimum repayment amount, you can't just repay 10% of the total amount, otherwise high interest will be generated, and cardholders need to pay special attention.
Extended data
China merchants bank credit card
The most important condition for applying for a credit card is a stable job and income. The necessary application documents are copies of identity certificate and work certificate. If you can provide other financial documents, it will be more helpful to understand your personal situation and judge the credit limit. The specific application materials are as follows:
1, identification: generally, it is an ID card (if you use a new ID card, you need a copy of the front and back), and soldiers need to provide a copy of the military ID card;
2. Work certificate: it can be the original work certificate issued by the employer (please indicate the specific company name, department, position and income, and affix the official seal or personnel seal of the company), or a copy of the work permit/card verified and marked by the sponsor; ?
3. Proof of financial resources: it can be a payroll record issued by a bank, an income tax withholding certificate, or a market value certificate of a house, a car, a deposit or an investment (such as a copy of the real estate license/car driving license/bank time deposit certificate) and other materials that can prove your economic level. Other documents for reference include: personal account list of social insurance in the last 6 months, water, electricity and gas bills, credit card bills of other banks, etc.