For credit cards, "spend first, then repay" is allowed, and the overdraft limit is the same as the available credit card limit.

The longest overdraft period of a credit card is 60 days. Credit card overdraft interest shall be charged at the rate of five ten thousandths of daily interest within 15 days from the date of signing the contract or the date of bank entry (inclusive), and at the rate of five ten thousandths of daily interest after 15 days, and at the rate of fifteen thousandths of daily interest after 30 days or when the overdraft amount exceeds the prescribed limit. The overdraft interest is not divided into sections, and the interest is calculated according to the highest interest rate grade or the highest overdraft amount.

Extended data

Overdraft classification

1, credit card overdrawn in good faith

Refers to when the credit card holder has insufficient funds or no funds in the account of the issuing bank, according to the credit card regulations of the issuing bank or with the approval of the issuing bank, the part exceeding the balance of funds in his credit card account is withdrawn and the principal and interest are returned within the specified time.

2. The credit card is maliciously overdrawn

Malicious overdraft of credit card refers to the behavior that the cardholder overdraws beyond the prescribed limit or term for the purpose of illegal possession, and refuses to return it after being urged by the issuing bank. Under normal circumstances, malicious overdraft is a breach of contract, and you need to bear the liability for breach of contract according to the credit card collection contract.

Malicious overdraft behavior includes two basic behaviors: first, overdraft exceeding the prescribed limit, that is, overdraft exceeding the provisions of the credit card charter or the permission of the issuing bank. Second, the overdraft exceeds the prescribed time limit, that is, the principal and interest are not returned within the prescribed time. Generally speaking, malicious overdraft of credit cards will leave a bad credit record in the issuing bank, which will affect the personal credit of cardholders.

Baidu encyclopedia-credit card overdraft