What should I do if the credit card’s available limit is a negative number?

Have you ever encountered this situation when using your credit card? When you check the credit card’s available limit, it turns out to be a negative number. Ms. Zhang encountered this situation. For this reason, she specifically asked, what should I do if the available credit limit on my credit card is negative?

Two days ago, when Ms. Zhang was paying for something in the supermarket, the cashier told Ms. Zhang that her credit card limit was not enough, and finally gave her cash. Later, Ms. Zhang checked it herself. It turned out that Ms. Zhang found that she didn’t have enough money when she swiped her card, so she applied for a temporary limit from the bank. The temporary limit expired a few days ago, and the final repayment date has not yet reached, so she applied for a temporary limit. As a result, her credit card balance became negative.

At the same time, in addition to the situation where the temporary limit just expires, excessive consumption of the credit card will also cause the credit card limit to become a negative number. For example, if your credit card has a fixed limit of 5,000, if you spend more than the fixed limit by swiping your card, your credit card limit will become a negative number.

What to do about the negative credit card limit? Whether it is a temporary limit expiration or excessive consumption, as long as the money is paid back, the credit card can continue to be used.

When the available credit limit on your credit card becomes negative, don’t panic. The most direct way is to call the hotline on your credit card to find out the reason and repay the amount when it is due. At the same time, it is introduced that

can handle credit cards from various banks quickly and safely!

What's wrong with the negative balance on your credit card?

This means that if you still have a balance on your credit card after repayment, it will show a negative number on your bill.

If you still owe money, a positive number will be displayed.

1. Many people will find a negative number when checking their balance. Some people think that this is because they owe money. In fact, it is not. If the credit card displays a negative number on the self-service machine, it means that there is too much money in your account. When depositing money, the positive number displayed is the balance in your account.

2. If the credit card balance shows -1000, it means that you have deposited 1,000 yuan more, not that you owe 1,000 yuan. ,

3. The excess money deposited on the credit card is called overpayment. It is recommended not to withdraw it in a hurry. It can be used for the next repayment or directly spent. Most local banks are free to withdraw the overpayment. However, some banks charge fees, which are based on the bank's charging standards.

Why is the credit card balance a negative number?

A negative balance on the credit card bill means the money exceeds the credit limit, which is what we often call overpayment. This amount can increase the credit card balance. The available credit can be used directly for consumption. It should be noted that the overpayment can only be transferred to the savings card of the same person in my name, and it is not free. A certain handling fee is required. The specific rate is subject to the regulations of the card-issuing bank.

The overpayment can be used directly for consumption. Generally, when making consumption, the overpayment on the credit card will be deducted first, and then the credit limit will be deducted. When the overpayment is greater than the consumption amount, it will not form an overdraft, and the consumption does not need to be repaid on the next credit card bill. [img]

What does it mean when a credit card account balance is negative?

There are three situations when a credit card balance becomes a negative number: 1. Credit card overpayment. 2. The temporary quota expires. 3. Excessive use. These situations will cause the credit card account balance to become negative, so you need to pay attention.

These three situations are explained in detail below:

1. Credit card overpayment

If the amount due for the current period of using the card is a negative number, then there is no need to pay back the money. In the past, overpaying or overpaying a credit card was called credit card overpayment. When an extra amount of money is deposited when repaying a loan, it is called an overpayment. This amount will be deducted first when the next bill is settled. Therefore, if the money repaid is less than the amount consumed, then the amount payable for the current period is negative.

2. Temporary limit expiration

In the case of temporary limit, the total limit of the credit card is temporarily fixed. After the temporary limit expires, it reverts to the fixed limit and then deducts its available limit, resulting in a negative available limit.

Most banks stipulate that the interim amount due will be charged to the current bill, which requires repayment in full, not just the minimum amount.

3. Excess usage

In order to encourage cardholders to spend, some banks' credit cards will provide a certain excess, allowing cardholders to spend more than the card limit. For example, the limit of a card is 10,000 yuan. When we accumulate 10,050 yuan in consumption, it is equal to more than 50 yuan. If the cardholder's spending exceeds the card limit, the card's account balance will be negative.

How to repay when the credit card repayment amount is negative

When a negative number appears on the credit card bill, it shows that there is a deposit balance, which means there is an overpayment, so there is no need to repay in this period. Usually, there is a formula like this: Total amount of credit card repayment in the current period = Balance of repayment in the previous period - Repaid amount/Other entry amount/Other expenses.

In addition, don’t forget to go to the tax department to handle tax refund procedures. When you buy a commercial house, all family members who can get tax refunds should be written into the house purchase contract as real estate rights holders, and apply for "house buyer's paid personal income tax base deduction" after signing the contract and paying the house price.

Obtain your own "General Tax Payment Statement". After repaying all the loans in advance, you can obtain the real estate certificate. You should go to the tax department to handle tax refund procedures within 6 months after completing the real estate title certificate.

Extended information:

Processing procedures:

1. Full repayment in advance: After the loan bank has reviewed the relevant materials and they are correct, the procedures for full repayment in advance will be processed.

2. Partial repayment in advance and the loan term remains unchanged: The lending bank instructs the borrower to fill in the relevant agreement. If the original loan guarantee method is mortgage insurance and the mortgage registration has not been completed, you need to bring the original policy, your ID card and relevant agreements to the insurance company designated in the city center to go through the insurance reduction procedures.

3. Borrowers who choose mortgage insurance as the original loan guarantee method and have completed mortgage registration, and borrowers who choose non-mortgage insurance, apply for early partial repayment and shorten the loan term: the lending bank guides the borrower to fill in the relevant agreement , the signed agreement should be sent to the corresponding sub-center in a timely manner by the lending bank.

Baidu Encyclopedia - Early Repayment

This is the end of the introduction about what to do with a negative credit card balance and why there is a negative credit card limit. I don’t know if you will find the information you need. Already?