If a credit card continues to be used after the limit is used up, it is called credit card overdraft. For example, people often overdraw their consumption, but cash withdrawal can also be called overdraft cash withdrawal.

1. Credit card overdraft consumption:

Generally, credit cards can still continue to spend after the limit is used up, because credit cards generally have an overdraft limit, and whether they are overdraft consumption or not, they have an interest-free period. As long as they are repaid before the due repayment date, they will not charge interest, and once they are overdue, they will need to charge interest of five ten thousandths per day.

For example, the billing date of my credit card is the 5th of each month, and the repayment date is the 25th of each month. However, I made a transaction in 1 yuan on the 2nd of this month, and then returned it to 1 yuan on the repayment date, so the interest to be charged on the billing date of next month is = 1× .5 %× 22 (3rd-24th)+9× .5.

2. Credit card overdraft withdrawal:

There is no interest-free period for credit card overdraft withdrawal, so interest will be charged for each withdrawal, and its interest is also calculated at .5% per day.

For example, if I overdraw my credit card and withdraw 1 yuan, I will charge .5 yuan interest every day.

if you borrow money, it is convenient and easy to borrow money from the platform. Du Xiaoman's credit service products have money to spend, providing users with safe, convenient, unsecured and unsecured credit services. If you borrow money, you can go to the Xiaoman APP (the official measurement below). The daily interest rate of consumer loans with money is as low as .2%, and the annualized interest rate is as low as 7.2%, and the maximum loan is 2,! It has the characteristics of simple application, low interest rate, fast lending, flexible borrowing and repayment, transparent interest and fees, and strong security.

Reference: official website, who is full of money and flowers

To share with you the application conditions for consumer products with money and flowers: it is mainly divided into two parts: age requirements and information requirements.

1. Age requirement: 18-55 years old. Special note: If you have money to spend, you refuse to provide installment loans to students at school. If you are a student at school, please give up your application.

second, information requirements: you need to provide your second-generation ID card and your debit card during the application process.

note: the application only supports debit cards, and the application card is also your loan bank card. My identity information needs to be the second-generation ID card information, and I can't apply with temporary id card, expired ID card or first-generation ID card.