The over-swiping function of China Guangfa Bank’s credit card requires users to actively activate it. After activation, the consumption can be increased by about 10% on the basis of the limit. However, this service is not unlimited and is limited to 1 overage per month. Once the limit is exceeded for the current month, this feature will be automatically turned off and cannot be extended to the next month. The excess portion can only be used for daily consumption and cannot be used for cash withdrawal or revolving credit.

It is worth noting that China Guangfa Bank will charge an over-limit fee of RMB 5 for the over-limit portion, and this fee will be settled in the monthly bill. In addition, although banks such as China Merchants Bank and Guangfa Bank allow over-limit, they will charge high over-limit handling fees. For example, if your credit card limit is 3,000 yuan and your consumption exceeds the limit by 5,000 yuan, you will have to pay an over-limit handling fee of 100 yuan. .

Different from China Guangfa Bank, for banks like Bank of Communications, credit card consumption is strictly controlled within the overdraft limit, and no excess is allowed. If the overdraft limit is insufficient, users can apply for a temporary limit, but the temporary limit can only be used in the current period and needs to be paid off in one go within the next billing cycle. Over-limit consumption is not feasible.

In general, each bank has different regulations on credit card overage, so it is best to understand the specific policies of your own bank before using it to avoid incurring additional fees. The above information comes from the Guangfa Bank credit card related content on Baidu Encyclopedia.