This reason should come from accounting rules. Credit cards are also called "debit cards". Why a credit card? Because the credit card balance is recorded in the lender. So the lender has a balance, the credit card shows a positive number, and the borrower has a balance showing a negative number.
Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.
main feature
1. Cash deposit in advance is not allowed. You can enjoy an interest-free repayment period and can repay in installments (minimum repayment amount). Join VISA, MasterCard, JCB and other international credit card organizations, which are universal. It is one of the fastest-growing financial services, and it can replace the traditional cash circulation in a certain range.
2. It has both payment and credit functions. Cardholders can use it to buy goods or enjoy services, and they can also use credit cards to obtain certain loans from card issuers. It is a high-tech product integrating financial business and computer technology.
3. It can reduce the use of cash currency. It can provide settlement services, facilitate shopping and consumption, and enhance the sense of security. It can simplify the collection procedure and save social labor. Can promote commodity sales and social needs.
What does it mean that the credit card balance transaction is too large?
I just can't brush it. A single swipe is too big, or your card belongs to the attention card, which is the limit. In some merchants, you can't swipe a big card!
What does it mean that the amount of credit card is too large?
There are generally two situations in which the credit card transaction amount exceeds the limit: one is that your limit is insufficient; The other is that your card has a single upper limit, beyond which it will be restricted.
The reasons for this are:
1. Customer Settings Single Line.
2. Online transactions are still due to the control limit of bank risks.
3. Because the customer's bad credit card records are monitored by the bank, the bank limits the single amount in certain merchants (some people will use credit cards to do business, because credit cards have an interest-free period, in fact, this bank can monitor).
The transaction limit of each credit card used by the cardholder shall be granted by the issuing bank according to the credit status of the cardholder. Business exceeding the trading limit can only be accepted by special merchants and business institutions authorized by the issuing bank. The trading limit of specialized banks is stipulated according to the transaction type and card type.
Extended data
When using a credit card, please follow the following methods:
1. When you swipe your card, please don't put it away from your sight to avoid misuse or theft.
2. Don't sign a blank or unfilled bill at will.
3. Before signing, please be sure to confirm whether the amount listed in the signed bill is correct, and pay attention to whether the consumption currency and the amount expressed in words and figures are correct.
When using a credit card, you must sign to confirm the consumption. Generally, you don't need to show your ID card or enter your password.
5. When the transaction needs to be rewritten or cancelled due to the wrong signing, please ask the merchant to tear up all the original signing and keep the return voucher given by the merchant to avoid future occurrence.
6. After signing the account, please confirm that the credit card returned by the salesperson of the special merchant is indeed his own credit card.
7. After the transaction is completed, please keep the root contact of the signing cardholder for checking with the credit card statement sent by the bank.