There is no need to repay the loan. If there is an overpayment, it means that no money is owed.

Overpayment is a Chinese vocabulary, the pinyin is yì jiǎo kuǎn. 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 overpayments.

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 withdrawing cash from credit card overpayments vary from bank to bank.

Notes on overpayment

1. Overpayment is a credit card deposit, and the bank will not calculate interest. This is completely different from a debit card.

2. Credit card cash withdrawals are subject to charges according to regulations. The charging issue should be looked at from two aspects:

3. According to the regulations on the use of credit cards, ATM machine withdrawals basically charge a cash withdrawal fee. The usual standard is 0.5% of the cash withdrawal amount, with a minimum of 5 yuan; The handling fees for overseas cash withdrawals are higher.

4. If you withdraw money from an ATM machine under the condition of "overpayment", you will still be charged a cash withdrawal fee according to the credit card cash withdrawal standards. In this case, it is recommended that the cardholder transfer the overpayment on the credit card to a debit card of the same name in any bank, and then withdraw cash from the debit card. This reduces handling fees.

The so-called overpayment refers to the funds that credit card customers overpay when repaying or the funds deposited in the credit card account. A certain amount of handling fee is required to withdraw the overpayment. This amount can increase the available limit of your credit card or be used directly for consumption repayment. Minsheng Credit Card has a lower overpayment withdrawal fee. As long as you withdraw cash from an ATM in the same city, no handling fee will be charged regardless of whether it is across banks. For cross-bank payments, the fee is 1% of the amount, with a minimum of 1 yuan per transaction; ICBC, Bank of Communications, and Guangfa Credit Cards, There will be no handling fee for withdrawing premium funds from ATMs in the same city.