A credit card refers to a credit card in which the card-issuing bank gives the cardholder a certain credit limit, and the cardholder can consume within the credit limit first and then repay. A credit card is a credit card in the true sense, with functions such as credit consumption, transfer settlement, and cash deposits and withdrawals. Credit Card, also called credit card.

Characteristics of credit cards: consume first and repay later, enjoy an interest-free payment period, and have a minimum repayment amount. Customers can repay in installments if they have overdrafts.

Credit card holders must first deposit a certain amount of reserve fund as required by the bank. When the reserve fund is insufficient to pay, the credit card holder can overdraw the credit card within the credit limit specified by the card-issuing bank. Generally, the maximum overdraft amount is 30,000- 50,000 yuan, the maximum overdraft amount is different in different banks, and depending on each person's credit record, the maximum overdraft amount will also be different.

Extended information:

Handling of overdrafts that are not expected to be repaid:

After overdraft, overdraft interest will be charged, 0.5% per day, for 3 days Month, if there is no repayment within 3 months, it will be considered as a financial fraud crime. Generally, those who do not repay within 1 month will be classified as a black account by the bank for observation. The earlier the repayment, the better. The maximum period is 3 months.

As for the repayment amount and period, the general overdraft exemption period is one month, and there will be a minimum repayment amount on the bill. Generally, the amount set by the bank is 10% of the total overdraft amount of the previous month. If After paying this minimum repayment amount, the remaining part can be included in the repayment amount of the next month. In addition to the daily interest of 1/10,000, there is also a late payment fee for overdrafts, starting from ten yuan.

In addition, the credit limit, if no corresponding property certificate and guarantee are provided when applying for a credit card, will be calculated according to the current bank’s minimum overdraft limit, which is around 5,000. The overdraft limit will be adjusted in the future based on the individual’s overdraft and Depending on the creditworthiness of the repayment, the bank will help make corresponding adjustments.