Individuals can apply for credit card overdraft rights directly from the bank to achieve the purpose of credit card overdraft. I can directly bring my personal information to the bank for review. The bank staff will review the cardholder's personal credit and then grant a certain amount of overdraft.

Credit card repayment methods:

1. Pay off all the money within the current account period, and the bank will not charge interest. If you apply for bill installment from the bank, you have installment options of 3, 6, 12, and 24 months (according to bank regulations), and the installment fee is higher.

2. Apply to the bank for installment repayment, but you must repay at least RMB 10 per month (according to the minimum repayment amount stipulated by the bank), which can reduce the handling fee.

Extended information:

Credit card overdraft regulations:

1. The overdraft cash withdrawal limit is set according to your card usage. Different banks have different cash withdrawal standards. Similarly, the lowest one is 30 which does not exceed the credit limit, and the highest one which has a credit limit of 100 can be withdrawn.

2. In addition to cash withdrawal fees (cash withdrawal fees vary among banks), overdraft withdrawals at home and abroad must also pay interest and do not enjoy interest-free treatment. Overdrafts can be borrowed and repaid at any time, and interest is calculated on a daily basis, with a daily interest rate of 5/10,000. No interest will be calculated if there is no overdraft, and no interest will be calculated if the overdraft is repaid on the same day. Interest will be calculated for the number of days of overdraft.

3. If the cardholder repays overdue, interest will be calculated at 0.05% per day from the next day of consumption, and compound interest will be accounted for overdue payments. Therefore, the longer the overdue period, the higher the daily interest will be.

China Economic Net - Guangfa can withdraw cash in full. Which credit card local overdraft withdrawal fee is the best?

Baidu Encyclopedia - Credit card overdraft