1. The concept of credit card overpayment
Overpayment refers to the extra money paid by credit card customers or the money deposited in credit card accounts, which can increase the available credit card limit or be directly used for consumer repayment. If there is overpayment in the credit card, the overpayment will be deducted first, and then the credit line will be deducted. If the overpayment is greater than the consumption amount, there will be no overdraft. Overpayment is interest-free.
2. Precautions for Overpayment
1. Overpayment is a credit card deposit, and the bank does not calculate and pay interest, which is completely different from a savings card.
2. according to the regulations, there is a charge for withdrawing cash from credit cards. The charging problem should be viewed from two aspects:
1) In the regulations on the use of credit cards, the withdrawal fee is basically charged for ATM withdrawals, and the usual standard is to charge .5% of the withdrawal amount at the lowest 5 yuan; The overseas cash withdrawal fee is higher.
2) if there is "overpayment", the withdrawal fee will still be charged according to the credit card withdrawal standard. In this case, it is suggested that the cardholder transfer the overpayment on the credit card to the debit card of the same name of any bank, and then withdraw cash from the debit card. This will reduce the handling fee.
3. Cash withdrawal method for overpayment
1. Counter cash withdrawal: Cardholders can bring their ID cards and credit cards to the business hall of the bank, apply to the counter staff for cash withdrawal, and then enter the withdrawal password as required to take it out.
2.ATM withdrawal: the cardholder can take his credit card to the ATM, insert the credit card, enter the withdrawal password, and then follow the interface prompts to withdraw money.
IV. Will the overpayment be repaid automatically?
Overpayment will not be repaid automatically, but when the cardholder swipes the credit card, he will deduct the overpayment first, and then use the quota to spend. Overpayment means that the cardholder pays the credit card more or the money stored in the credit card, which the cardholder can choose to take out or keep in the credit card account for consumption. It should be noted that the overpayment is different from the money in the savings card, which does not calculate interest, and the money in the savings card has interest.