Will credit card overpayment consumption be included in the bill?

Credit card overpayment consumption will not be included in the bill. Overpayments on credit cards are overpayments. This will only increase the user's available limit and will not be directly deducted from the amount owed after the next bill comes out. For example, if the credit card limit is 30,000 yuan, and the last bill was overpaid by 100 yuan, the available credit card limit is 30,100 yuan.

In addition, interest will not be calculated on overpayments stored in credit cards, so it is better for users to repay the credit card in full.

Overpayment is a Chinese vocabulary, the pinyin is yìjiǎokuǎn. Refers to the funds that credit card customers overpaid when repaying or the funds stored in the credit card account. A certain amount of fees must be paid to withdraw the overpayment. This amount can increase the available limit of your credit card or be used directly for consumption repayment. If there is an overpayment on the credit card, the overpayment will be deducted first and then the credit limit. If the overpayment is greater than the consumption amount, there will be no overdraft. No interest is accrued on overpayment.

In fact, banks do not encourage cardholders to charge money to their credit cards because credit cards adopt a consumption-first-repayment model. Therefore, the bank stipulates that a certain handling fee will be charged for overpayment withdrawal. At the same time, the handling fees for cash withdrawals from credit card overpayments vary from bank to bank.

As for the handling fees for "overpayment" of cash withdrawals by credit card holders, the charging bank stated that although the credit card holders withdraw their own money, it takes up the bank's relevant resources. Because unlike ordinary debit cards, credit cards are cumbersome in terms of deposit and withdrawal account processing, and credit cards are used to encourage customers to spend, not for cardholders to use them as savings accounts, so the charges are reasonable. Moreover, "overpayment" does not bear interest. In other words, there is no benefit to "recharging" your credit card in advance and then spending it. If the cardholder wants to increase a certain credit limit, he or she can apply for a temporary limit from the bank's customer service center. There is no need to rely on "overpayment" to increase spending power.

On March 5, 2012, the Customer Service Committee of the China Association for Trade in Services released survey results. 96.47% of customers expressed their incomprehension about “repaying too much money to a credit card and charging a handling fee when withdrawing it.” 48.06% of them felt very angry and believed that the bank had violated their property, and the vast majority showed helplessness. Basically all customers hope that banks can cancel this overbearing clause.

In April 2012, among the credit card services of 14 well-known domestic banks including Bank of China, ICBC, China Construction Bank, Agricultural Bank of China, Bank of Communications, and China Merchants Bank, only four banks did not allow users to make overpayments within their own banks or locally. A withdrawal fee is charged, and other banks charge mandatory fees.

Can the overpayment from a credit card (debit card) be spent?

Credit card (debit card) overpayments can be spent. Users only need to pay directly with credit cards (debit cards) when making purchases. The system will deduct the overpayments first, and then Then deduct the credit card (credit card) limit. In addition, the excess payment can also be withdrawn for use, but you need to pay a handling fee to withdraw the excess payment, so it is more cost-effective to consume it directly.

Of course, as long as users pay attention to credit card (debit card) repayments and deposit just enough to repay the credit card (debit card), there will be no overpayment problem.

What is the overpayment of a credit card?

The overpayment of a credit card refers to the funds that credit card customers overpay when repaying or the funds deposited in the credit card account. It takes a long time to withdraw the overpayment. Pay a certain amount of fees.

According to Article 7 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks": A credit card refers to a credit card that records cardholder account information, has bank credit lines and overdraft functions, and provides cardholders with relevant banking services. All types of media.

Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement , cash deposit and withdrawal and other full or partial functions of the electronic payment card.

On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.

What is a credit card overpayment?

A credit card overpayment can be simply understood as the repayment amount is greater than the bill limit on the credit card repayment date, which means that the cardholder has a credit card payment limit. Overpayment during repayment. For example, on the credit card repayment day, 100 yuan should be repaid, but 120 yuan is transferred during the repayment. The extra 20 yuan is called overpayment.

Credit card overpayments may also be caused by cardholders unintentionally depositing more money. Although there is no interest or other income from depositing overpayments on credit cards, it is less cost-effective than deposits on debit cards. However, there is a certain handling fee for withdrawing the deposits from the credit card, so it is recommended that cardholders who have no urgent needs can leave the deposits accidentally deposited in the credit card for consumption or repayment. When there is an overpayment on a credit card, the overpayment will be used first when swiping the card for consumption.

In normal times, it is best for cardholders to avoid depositing money into a credit card. Although depositing money into a credit card will not cause any actual harm, this is not the main function of a credit card. The main function of a credit card is Encourage cardholders to consume, and using overpayment to consume will lose the essence of a credit card, and it is also very inconvenient to access the deposits in the payment card. At present, many banks have launched free service for the first withdrawal of cash, but generally do not support inter-bank withdrawals. Cash withdrawals can only be made free of charge at the bank's ATM. If you accidentally deposit money into a credit card, you can call the bank to inquire about the credit card cash withdrawal process and charging standards, and whether there is a free policy.

If you want to withdraw the overpayment from your credit card, you can withdraw cash at bank branches or self-service terminals (ATM), or handle cash through mobile banking, online banking, branches and self-service terminals (STM, ATM) Transfer out, transfer the excess payment to your own debit card of the Bank or other credit cards under the name of the Bank. For specific operation procedures, you can consult the customer service of the bank corresponding to your credit card by phone or in person to obtain more detailed guidance.

Note: When canceling a credit card, there must be no overpayment in the card. If there is an overpayment, the cancellation will fail. You must make sure that there is no more or less money in the card, so that you can Card canceled successfully.

What does credit card overpayment mean?

1. Credit card overpayment refers to the funds overpaid by credit card customers when repaying or the funds deposited in the credit card account. You will need to pay a certain amount of fees to withdraw excess payment. This amount can increase the available limit of your credit card or be used directly for consumption repayment.

2. Handling fee:

3. On March 5, 2012, the Customer Service Committee of the China Association for Trade in Services released survey results. 96.47% of customers were concerned about "paying back more credit cards." "There is still a handling fee when withdrawing money" expressed that they could not understand it. 48.06% of them felt very angry and believed that the bank had infringed on their property. The vast majority of people showed their helplessness. Basically all customers hope that banks can cancel this overbearing clause.

4. In April 2012, among the credit card services of 14 well-known domestic banks including Bank of China, Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of Communications and China Merchants Bank, only four banks allowed users to withdraw overpayment from their own banks or locally. There is no withdrawal fee for withdrawals, and other banks charge mandatory fees.

For more information about what overpayment on a credit card means, go to: View more content

What is overpayment on a credit card?

Credit card "overpayment" refers to the funds that the cardholder deposits in the credit card account when the credit limit on the card has not been used, or the funds that are repaid to the credit card account due to the use of the credit card credit limit. The remaining funds after repaying the debt. The overpayment of a credit card is equivalent to increasing the credit limit of the credit card. When the cardholder swipes the card for consumption, the overpayment limit will be used first. After the overpayment is used up, the credit limit of the credit card will be used. When the overpayment amount is greater than the consumption amount, the credit card will not form an overdraft.

1) According to the regulations on the use of credit cards, cash withdrawal fees are basically charged for ATM withdrawals. The usual standard is 1% of the cash withdrawal amount, with a minimum of 10 yuan; overseas cash withdrawal fees are higher.

2) If you withdraw money from an ATM machine with "overpayment", you will still be charged a cash withdrawal fee according to the credit card cash withdrawal standards. In this case, you have to go to the counter and follow the "overpayment claim" procedure, and the handling fee is relatively low.

Infinite Card/Platinum Card: Five thousandths of the withdrawal amount, minimum RMB 5 yuan/transaction or USD 1 yuan/transaction, no more than RMB 50 yuan or USD 10 yuan/transaction

Assume that the credit card already has I have an overdraft of 1,000 yuan. If I deposit 3,000 yuan at this time and then withdraw 3,000 yuan, how will the bank charge?

If you need to withdraw 3,000 yuan from your own funds as "overpayment", the other 1,000 yuan will be calculated as a cash advance using your credit limit. Assuming that all withdrawals are made at ATMs, a cash advance fee will be incurred, calculated as 1%, which is 30 yuan; if you go to the counter to withdraw, the 2,000 yuan can be paid as a handling fee in the form of overpayment on the card, which is calculated as 0.5% It is calculated as 10 yuan, and the other 1,000 yuan is still paid as a cash advance fee, which is calculated as 10 yuan at 1%, for a total of 20 yuan.

If a cardholder encounters an "overpayment" situation, it is best to consume the overpayment by swiping the card to avoid unnecessary expenses.

This is the end of the introduction about credit card overpayment consumption and whether it is necessary to repay the credit card overpayment consumption. I wonder if you have found the information you need?