If the card consumption exceeds the fixed limit, it is called over limit.

The consequence is that over-limit fees will be charged. For this amount of money, the bank will charge an over-limit fee of (1000*5) 50 yuan, so it is not cost-effective to overdraft.

If returned on time. There will be no overdue payment.

Extended information:

Credit card over-limit fee is referred to as over-limit fee. It means that the cumulative credit limit used by the cardholder in a billing cycle exceeds the actual approval of the card on the billing date. When the credit limit is exceeded, the cardholder must pay an over-limit fee based on a certain proportion of the excess.

Situation 1: Exceeding the limit due to the use of the over-limit limit

Since the over-limit limit is an implicit limit beyond the credit card limit set by the bank, it is usually not stated explicitly to the user. If you don't know how your credit card limit is being used, you are likely to use the implicit over limit.

If the over-limit consumption cannot be repaid before the over-limit consumption is recorded, the bank will charge an over-limit fee for the excess amount.

Scenario 2: Interest and late payment fees lead to over-limits

Most banks do not set over-limit limits, but over-limit fees may still be incurred because the repayment was not repaid in full last month. The interest and late payment fees incurred will result. Failure to repay in full in the previous period will result in recurring interest and late fees. These fees will increase day by day and eventually cause the debt to exceed the credit limit.

The probability of occurrence of such over-limit is small, and it is easy to be ignored by users and cause disputes. Therefore, cardholders need to pay special attention - if the full repayment of the previous period was not made, they should pay attention to their own limit occupation. Condition.

Scenario 3: Expiration of temporary credit limit leads to overrun

During the long holidays, many banks provide customers with automatic increases in credit card credit limits, or users contact customer service in an emergency Apply to increase the credit limit according to a certain proportion. This part of the limit is called a temporary limit.

Under normal circumstances, after the temporary limit expires, the credit card limit will be restored to the original credit limit. If there is still a portion in the account that exceeds the original credit limit, an over-limit fee will be charged proportionally.

Over-limit fee standards stipulated by the Central Bank

After using the card beyond the limit, credit card holders will not enjoy the interest-free repayment period and minimum repayment amount. Overdraft interest shall be paid based on the prescribed interest rate on the cash transaction amount or overdraft amount starting from the bank accounting date.

The card-issuing bank shall charge an over-limit fee of 5% of the excess of the credit limit if the credit card holder uses the card. my country's card-issuing banks have their own regulations on charging over-limit fees, but the fees generally cannot exceed the relevant regulations of the central bank.

Most banks do not charge over-limit fees for over-limit behavior, and some banks do not even set over-limit fees; but some banks charge over-limit fees, and the charging standards even exceed the regulations of the central bank. It depends on the specific situation. Bank regulations.

Regulations of various banks

Industrial and Commercial Bank of China, China Construction Bank, Bank of Communications, Industrial Bank and other banks will not charge over-limit fees for the time being; Agricultural Bank of China’s over-limit fees have been cancelled, but if customers cannot Repayment in excess of the limit will affect the next application for a temporary increase in the limit;

Bank of China's over-limit fee has also been cancelled, but if the customer cannot repay on time, late fees and interest will be incurred; Bank of Beijing will not charge it for the time being. There is an over-limit fee, but this card will not be usable during the over-limit period;?

China Merchants Bank does not charge an over-limit fee, and the portion used for the temporary limit will be included in the minimum repayment amount of the next bill. , just pay it off in one lump sum on the due payment date. Shanghai Pudong Development Bank charges an over-limit fee of 5 yuan for the excess of the fixed limit;

Guangfa Bank charges an over-limit fee of 5 yuan for the excess of the fixed limit, with a minimum deduction of 10 yuan and a maximum deduction of 200 yuan; China Everbright Bank charges a permanent deduction of 5 yuan for the excess of the fixed limit An over-limit fee will be charged for 5% of the credit limit; ?

CITIC Bank will charge an over-limit fee for 5% of the credit limit. The minimum fee is 5 yuan or 1 US dollar or 5 Hong Kong dollars or 1 euro.

Reference: Encyclopedia-Credit card over-limit fee