first of all, we need to know what the over-limit fee is: the over-limit fee for credit cards is short for over-limit fee, which means that when the accumulated credit limit used by the cardholder exceeds the credit limit actually approved by the card on the billing date in a billing period, all the payables in the account will not enjoy the interest-free repayment period, and the cardholder must pay the over-limit fee according to a certain proportion.
Secondly, what does it mean to exceed the limit due to the use of the limit? The limit is an implicit limit other than the credit card limit set by the bank, which is usually not clear to users. Users are likely to use this implicit limit when they don't know their credit card limit usage. If the amount of the over-limit consumption cannot be paid off before it is recorded, the bank will charge the over-limit fee for the over-limit consumption. The over-limit amount can make it more convenient for cardholders to spend by credit card, but if the over-limit amount cannot be paid off before the over-limit consumption is recorded, the bank will charge the over-limit fee for the over-limit amount.
finally, how should we reasonably avoid the over-limit fee? Generally speaking, the credit limit is comprehensively evaluated according to the information filled in by individuals when applying for a credit card and the relevant supporting documents provided, and the main card and the supplementary card * * * enjoy the same credit limit.
there are two ways to apply for increasing the temporary limit: first, the cardholder applies to the bank on the basis of his personal reputation. The bank will inquire about the cardholder's card usage records, such as repayment status, frequent card usage, etc. If it proves to be a quality customer, it can increase the temporary credit limit. Second, the cardholder provides the bank with new financial proof, such as new property proof, to prove that his economic strength and repayment ability have improved compared with when he opened the card. After comprehensive evaluation by the bank, the temporary credit limit can be increased according to the cardholder's requirements. However, it is particularly important to note that temporarily raising the overdraft limit itself is one of the main reasons for the over-limit fee. Therefore, in order to avoid the over-limit fee again, the cardholder must pay off the arrears within the adjustment period, otherwise it will not only effectively and reasonably avoid the over-limit fee, but also incur an extra expense.
In addition, some banks can enjoy interest-free during the temporary credit line adjustment period; However, some banks stipulate that the temporary quota has no interest-free period and cannot enjoy interest-free. Therefore, in order to avoid more troubles caused by the bank's over-limit fees to cardholders, it is best to consult the bank in time after applying for a temporary increase in the credit limit or knowing that it has been temporarily increased, so as to avoid unnecessary losses.
To sum up the above, insiders remind everyone to pay attention to the fact that the temporary amount is required to pay off all the debts within one month, and it is not allowed to apply for installment repayment for the temporary amount. If it cannot be paid in full, it will lead to overrun fees and high interest.