Credit Card Limit Generally speaking, the credit card available limit refers to the maximum amount that can be used by your credit card. It includes the credit limit (that is, the maximum overdraft limit of the credit card) and the amount deposited into the credit card.

Credit card withdrawals only have a limited amount and no limit on the number of times. The amount of cash withdrawal is not the same as the credit card limit. The credit card regulations of each bank are different.

Credit card cash withdrawal is one of the inherent functions of the credit card itself. Cardholders can use the credit card to withdraw cash from the bank. Credit card cash withdrawals mainly include overdraft cash withdrawal and overpayment cash withdrawal.

Interest is required for overdraft withdrawals, and interest is calculated from the day you withdraw cash. However, interest is not required for overdraft withdrawals, and you only need to pay part of the handling fee, which depends on the regulations of each bank. .

Extended information:

According to different repayment methods, credit cards can be divided into credit cards and quasi-credit cards

1. Credit cards.

When the card-issuing bank provides bank credit, it is first used as an overdraft, and then repaid or paid in installments. Most of these cards are used internationally. That is to say, the way that cardholders are allowed to pay off their credit card accounts without deposits is "spend first, deposit later". Most of these cards are used internationally.

2. Quasi-credit card.

It is a credit card issued by a bank that deposits first and then consumes. When applying for a credit card, cardholders need to deposit a certain amount of money in the card-issuing bank for backup. Cardholders need to use the deposit balance as a basis when using the card. Overdrafts are generally not allowed.

A credit card is overdue, that is, the credit card is not repaid on time after consumption. Consequences of overdue payment:

1. Liquidated damages will be incurred, usually 5% of the minimum repayment amount and the unpaid portion.

2. The interest is high, and the interest is compounded. The interest rate is very scary when the debt is large.

3. Overdue credit records will be stained, resulting in the inability to handle financial needs such as house purchases and loans within the next two years.

4. If the payment is overdue for more than 3 months, and the amount exceeds RMB 10,000, and the bank has failed to pay multiple reminders, you will not only have to bear the repayment, but may also bear criminal liability.

Reference: Baidu Encyclopedia-Credit Card Limit