Can ordinary credit cards be overdrawn?

Credit cards can only be overdrawn by a limited amount and cannot be used in excess. If the limit is not enough, you can apply to the bank for a temporary limit, and you can continue to overdraw after passing it.

classification of credit card overdraft:

1. Credit card goodwill overdraft

refers to that when the credit card holder has insufficient funds or no funds in the account of the card-issuing bank, he will withdraw money beyond the fund balance in his credit card account according to the Credit Card Articles of Association of the card-issuing bank or with the approval of the card-issuing bank, and return the principal and interest within the specified time.

A bona fide overdraft must meet the following two basic conditions at the same time:

(1) Within the limit stipulated in the Credit Card Articles of Association of the issuing bank or authorized by the issuing bank. According to the relevant provisions of the Credit Card Charter of major commercial banks in China, the overdraft limit is generally 1, yuan, 5, yuan and 1 yuan according to different types of credit cards. The overdraft limit of credit cards issued by commercial banks in China is much lower than that of western developed countries, and the credit function of credit cards is not strong, which is related to the underdeveloped personal credit system in China and is also a last resort for commercial banks to avoid malicious overdraft risk.

(2) repay the principal and interest within the specified time. China's commercial banks stipulate that the time limit for repayment of principal and interest is one month. Credit card overdraft in good faith is essentially that the cardholder borrows money from the issuing bank, which provides credit services to the cardholder, which is a legal act and naturally does not constitute a crime.

2. malicious overdraft of credit card

malicious overdraft of credit card refers to the behavior that the cardholder overdraws beyond the prescribed limit or time limit for the purpose of illegal possession, and still refuses to return it after being urged by the issuing bank. Under normal circumstances, malicious overdraft is a breach of contract, and it is necessary to bear the liability for breach of contract in accordance with the credit card collection contract.

malicious overdraft behavior includes two basic behaviors: first, overdraft beyond the prescribed limit, that is, overdraft beyond 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, the malicious overdraft of credit cards will leave a bad credit record in the issuing bank and affect the personal credit of cardholders.

On November 28th, 218, the Supreme People++and the Supreme People's Procuratorate promulgated the Decision of the Supreme People++and the Supreme People's Procuratorate on Amending the Interpretation of Several Issues Concerning the Specific Application of Laws in Handling Criminal Cases of Impairment of Credit Card Management, which will take effect on December 1st. Among them, the malicious overdraft credit card, the amount of which is more than 5 thousand yuan but less than 5 thousand yuan, will be considered as a "large amount" of malicious overdraft credit card stipulated in the criminal law; If the amount is more than 5, yuan but less than 5 million yuan, it shall be deemed as "a huge amount" as stipulated in the Criminal Law; If the amount is more than 5 million yuan, it shall be deemed as "extremely huge amount" as stipulated in the criminal law.

can I overdraw my credit card?

I can overdraw my credit card. China's "Criminal Law" stipulates the crime of credit card++,which means that the cardholder may be suspected of credit card++if the amount of malicious overdraft reaches more than 1, yuan for the purpose of illegal possession. The "malicious overdraft" mentioned here refers to the behavior that the cardholder overdraws beyond the prescribed limit or time limit for the purpose of illegal possession, and still refuses to return it three months after being urged by the issuing bank twice. Article 196 of the Criminal Law engages in credit card++activities under any of the following circumstances, and if the amount is relatively large, it shall be sentenced to+++of not more than five years or criminal detention, and shall also be fined not less than 2, yuan but not more than 2, yuan; If the amount is huge or there are other serious circumstances, it shall be+++for more than five years and less than ten years, and a fine of more than 5, yuan and less than 5, yuan shall be imposed; If the amount is especially huge or there are other particularly serious circumstances, the offender shall be sentenced to more than 1 years+++or+++,and shall also be fined not less than 5, yuan but not more than 5, yuan, or his property shall be confiscated: (1) using a forged credit card or using a credit card fraudulently obtained with false identification; (2) using an invalid credit card; (3) Fraudulent use of another person's credit card; (4) Malicious overdraft.

can a credit card be overdrawn?

1. Credit cards can be overdrawn, while savings cards can only be spent by depositing a certain amount of money.

2. You can choose to pay without secret for credit card swiping, and you must enter a password for savings card.

3. Money deposited in a credit card has no current interest, while money in a savings card has current interest.

4. There is a handling fee for cash withdrawal by credit card, but there is no handling fee for cash withdrawal by savings card.

5. The annual fee for credit cards is relatively high. Some banks have annual fees for savings cards, and most banks are exempt from annual fees.

6. It is more difficult to apply for a credit card than a savings card. You need proof of income to apply for a credit card, but you can apply for a savings card as long as you have civil capacity.

In most cases, citizens who have full capacity for civil conduct (citizens aged 18 or above in Chinese mainland) and have a certain direct source of income can apply for a credit card from the issuing bank. Sometimes, a legal person can also be an applicant

The object of applying for a credit card can be divided into units and individuals. The applicants should be institutions, enterprises and business units, foreign-funded enterprises and individual industrial and commercial households with independent legal personality within the territory of China. Each unit can get a main card and several (5-1) supplementary cards when applying for a credit card.

to apply for a credit card, an individual must have a fixed occupation and a stable source of income, and provide a guarantee to the bank. The forms of guarantee include personal guarantee, unit guarantee and personal fund guarantee.

generally, the application method is to fill in a credit card application form, and the contents of the application form generally include the name, basic information, economic status or income source, guarantor and its basic information of the applicant. And submit certain copies of certificates and certificates to the issuing bank.

after the customer truthfully fills in the application form, he/she should submit the completed application form as well as the relevant credit certificate. The application form is accompanied by a contract for using a credit card. The applicant authorizes the issuing bank or relevant departments to investigate its relevant information, submit a statement on the authenticity of the information, the privacy protection policy of the issuing bank, etc., and must have the applicant's autograph.

after receiving the application form and relevant materials submitted by the applicant, the issuing bank shall review the applicant's credit standing. The contents of the review mainly include whether the contents of the application form are true or not, evaluating the credit degree of the applicant, and reviewing the relevant information of the guarantor for the individual.

usually, the bank will examine the applicant's various information and economic situation according to the application materials to judge whether to issue a credit card to the applicant. The factors considered are the applicant's past credit history, the applicant's known assets, professional characteristics, etc.

The specific factors and process of the issuer's audit are trade secrets, which are generally difficult for the outside world to understand. The standards of different card-issuing banks are also different. Therefore, the same materials may have different credit lines and different types of credit cards in different banks, and even some banks will pass the examination and some banks will refuse to issue them.

Can a credit card be overdrawn?

Yes, a credit card overdraft is a short-term overdraft given by a credit card issuer to a cardholder within the specified limit when shopping with a card. For credit cards, it is allowed to "consume first, then repay", and overdraft is an important feature. For debit credit cards, it should be "deposit first, then spend", but on the premise that it is determined to be an overdraft in good faith and repayment is guaranteed, the cardholder is also allowed to overdraw an appropriate amount in a short period of time when the money is urgently needed. Overdraft interest is generally much higher than bank loans in the same period, and card issuers also have a set of measures to prevent and recover overdraft risk losses.

Extended information:

Conditions for handling credit cards:

1. Adults over 18 years old.

2. If you don't have a credit card, you are required to provide the company's financial certificate, your income status and other relevant certificates. If you already have a credit card, you can use it to handle the card, which is convenient for many steps.

3. You must provide your ID card.

credit card review stage:

wait patiently. This period of time is the audit stage of bank staff, so you should pay a phone call back to your own phone number, home phone number, company phone number and friend phone number to confirm the authenticity of the information.

You can check the progress of the credit card application in official website of the card bank after calling to confirm.

Credit card release notice:

If your credit card passes, the bank will send you a message informing you to check your card within the specified time.

if your credit card fails to pass the audit, you will also receive the information that failed the audit.

receive the card for activation:

it can be divided into telephone activation, SMS activation, network activation and other forms to activate your card, and set key information such as inquiry password, login password and transaction password. When everything is ready, you can start using your credit card.

To apply for a credit card, you need to provide the following information (not everyone needs it at the same time, but it is more likely to be successful)

1 copy of personal ID card

2 proof of income of the company (if it is a well-known enterprise, a state-owned enterprise, a lawyer, a teacher in a public school, a doctor or nurse in a public hospital, a civil servant and other people with stable income only need a work permit)

3 proof of residence (such as a copy of real estate license and a copy of water and electricity invoice, Copy of rental contract, etc.)

If any of the following proofs will increase the credit overdraft limit

1, deposit certificate

2, asset certificate

3, copy of other bank's credit card

Let's stop here for the introduction of credit card overdraft.