Do I need to repay my credit card immediately if it is overdrawn?
You don't need to pay in advance. You can start paying back the bill as soon as it comes out and pay it back before the end of the final repayment date.
It should be noted that the credit card excess is included in the minimum repayment amount of the bill and needs to be paid in full. Installment and minimum repayment amount are not supported. The credit card used can only be repaid in installments or the minimum repayment amount if the fixed amount meets the requirements, so everyone should measure their repayment ability before using the excess.
What if the credit card is overdrawn?
First of all, credit card overdraft will only happen on credit cards with over-limit quota. In this case, even if the credit card is overspent, the bill after consumption will be included in the current bill of the credit card, and the cardholder only needs to repay it on time after the bill comes out. Secondly, using a credit card requires paying an over-limit fee, which will also be reflected in the bill. If the credit card itself does not exceed the limit, then there will be no unexpected overrun of the credit card. At most, the credit limit of the credit card is all used up. In this case, the cardholder only needs to repay on time after the bill comes out.
If you want to resume the normal use of the credit card, it is recommended to pay off all the bills of the credit card. If only the part exceeding the limit is paid off and the normal credit limit of the credit card has not been restored, then the credit card will be in a state of no credit limit, and the cardholder will not be able to use the credit card until all the debts are paid off.
However, we should remember that although credit cards can be overused, they are limited. Try not to exceed too much.