What should I do if my credit card exceeds the credit limit?

As long as the card payment is successful, the overused credit card limit will be included in the current credit card bill, and the outstanding balance will be paid off before the repayment date. That’s it. Generally speaking, a fixed credit limit of 20 is used over the credit card limit, but the over limit can only be used when the user's credit limit is insufficient when swiping the card for payment. Credit card cash advances, etc. do not support over limit. If the credit card exceeds the limit, 5% of the amount exceeding the fixed limit will be charged as an over-limit handling fee. The amount used above the fixed limit also enjoys an interest-free repayment period, but it must be paid off in one go.

Credit card types:

Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the issuing bank's name, validity period, number, cardholder's name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

According to different card issuers, they can be divided into bank cards and non-bank cards

Bank cards. This is a credit card issued by a bank. Cardholders can shop at the card-issuing bank's special merchants, and can also withdraw cash at any time at any branch of the card-issuing bank or at places with ATMs.

Non-bank card.

This type of card can be specifically divided into retail credit cards and travel and entertainment cards. Retail credit cards are credit cards issued by commercial institutions, such as department stores, petroleum companies, etc., which are specially used for shopping in designated stores or refueling at gasoline stations, etc., and are settled regularly. Travel and entertainment cards are credit cards issued by the service industry, such as airlines, travel companies, etc., used for purchasing tickets, meals, accommodation, entertainment, etc.

According to the different objects of issuance, it can be divided into corporate cards and personal cards

Corporate cards. Company cards are issued to various industrial and commercial enterprises, scientific research and education institutions, national party and government agencies, military units, groups and other legal entities.

Personal card. Personal cards are issued to urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable sources of income. A personal card is applied for in the name of an individual and he/she bears all responsibilities for using the card.

According to the credit status, status and other credit conditions of the cardholder, it can be divided into ordinary cards and gold cards

Ordinary cards. Ordinary cards are issued to cardholders with average financial strength, credibility and status, and their various requirements are not high.

Gold Card.

Gold card is a high-end credit card that pays high membership fees and enjoys special benefits. Cards are issued to those with higher credit standing, stronger repayment ability and credit, or those with a certain social status. The authorization limit of the gold card starts from a higher level, and the additional service items and scope are much wider, so the requirements for relevant service fees and security deposits are also relatively high.

How to solve the problem of exceeding the limit of credit card amount

Credit card holders can use a certain amount of funds beyond the original limit of the credit card, that is, the card holder can use the card beyond the limit; but the bank will charge a certain amount for the excess amount. Limit fee, credit card over-limit fee is 5% of the over-limit part. However, it should be noted that:

1. Cardholders must apply for and activate credit card services beyond the credit limit;

2. Cardholders who have not opened credit card services beyond the credit limit can Activate this function through customer service hotline, personal online banking and other channels

3. The over-limit portion enjoys an interest-free period, but it must be fully repaid on the due date, that is, the over-limit portion cannot be repaid according to the minimum amount. to repay.

Credit card over limit

Credit cards can be used for overdraft consumption, but credit cards have an available limit, which can generally only be used within the limit. The corresponding limit will be restored after repayment . But if the credit card limit is not enough, there is an over-limit limit for emergencies

What does it mean to exceed the credit card limit?

According to the literal meaning, credit card over-limit means exceeding the limit, that is, the limit beyond the maximum overdraft limit of your credit card.

Not every bank has this limit, and the over-limit regulations and fees are different.

For example: Your credit card limit is 10,000 yuan, but you have already used 9,000 yuan. If you still want to spend 1,100 yuan now, you will have to use the over-limit limit. There is no limit. The limit is only 1,000 yuan.

A bank card exceeding the limit means exceeding the maximum withdrawal and payment limit of the bank card.

According to the "Bank Card Business Management Measures":

Article 45

Card-issuing banks shall comply with the following credit card business risk control indicators:

(1) The amount of a single overdraft incurred by the same cardholder shall not exceed 20,000 yuan (including the equivalent) for personal cards, and shall not exceed 50,000 yuan (including the equivalent) for corporate cards.

(2) The monthly overdraft balance of the same account for personal cards shall not exceed 50,000 yuan (including the equivalent), and for corporate cards shall not exceed 3% of the card-issuing bank's comprehensive credit limit for the unit. For units that have no comprehensive credit limit to refer to, their monthly overdraft balance shall not exceed 100,000 yuan (including the equivalent).

(3) The overdraft limit of the card shall not exceed 80% of the cardholder’s deposit (including the pledge amount of the savings certificate). (4) The average monthly overdraft balance that occurs for more than 180 days (including 180 days, the same below) from the date of implementation of these measures shall not exceed 15% of the average monthly total overdraft balance.

Article 46

The maximum overdraft period for a quasi-credit card is 60 days. The minimum repayment amount for the first month of a credit card shall not be less than 10% of the overdraft balance of the month.

Extended information:

According to the "Bank Card Business Management Measures":

Article 24

Commercial banks handle bank cards Acquiring business shall charge settlement fees from merchants according to the following standards:

(1) Hotels, catering, entertainment, tourism and other industries shall not be less than 2% of the transaction amount;

(2) ) other industries shall not be less than 1 of the transaction amount.

What to do if your credit card limit is exceeded?

The portion of credit card repayment that exceeds the limit is generally called "overpayment". This part of the money is in the form of a negative number on the available limit of the credit card. Display, for example, if you use a credit card to spend 100 yuan, but you repay 500 yuan, then your next balance will show "-400 yuan". The money that exceeds the repayment limit will be stored in your credit card and will not generate interest or handling fees. Generally, there are three ways to deal with this money:

1. Withdraw cash

Withdraw the excess money. However, this operation will generate a certain fee. Different banks have different charging standards. For example, Guangfa Bank, no matter you withdraw cash at Guangfa Bank’s ATM machine or its bank counter, whether it is within the bank or an inter-bank, local or bank. No handling fee is charged for any region, as long as you are in mainland China. Other banks, such as Industrial and Commercial Bank of China, China Construction Bank, Bank of Communications, Hua Xia Bank, etc., do not charge handling fees if you handle cash withdrawals at local ATM machines or bank counters. However, if there is one item that does not If the above situation is met, a certain handling fee will be charged. Therefore, you should consult your credit card bank for specific handling fees.

2. Keep the money in the card

Use the card to pay when you buy something. This method can be used if the amount of excess money is not large, and using the money on your credit card to make purchases will not incur interest or fees.

3. Keep the money in the card as a deduction for the next payment

If you leave the money in the card without spending it, it is equivalent to being added to your loan limit. , this part of the amount will be deducted first when borrowing in the next period. In fact, the principle of this is the same as method 2.

If your credit card will continue to be used and the amount of overpayment is not large, it is recommended that you keep the money in the credit card, because the credit card itself is designed for people to prepay consumption. There will be no interest for depositing money in it, but on the contrary, a certain amount of handling fees will be paid for withdrawing money.

Using a credit card to spend this money will neither generate interest nor fees, nor will it affect your credit limit.

It is also recommended that you choose a repayment method that is more suitable for your consumption situation during the next credit card repayment period, so as to avoid the worry of overpayment.

Usage

Swiping cards at POS machines

Swiping cards at POS machines is the most common way to use credit cards, and it is a way of swiping cards online. When swiping a card, the operator should first check the credit card's validity period and cardholder's last name and other information.

Then, select the corresponding POS machine according to the card issuing bank and the currency type to be paid, and slide the magnetic stripe of the magnetic stripe credit card on the POS machine, or insert the chip credit card into the card slot to connect to the bank, etc. To make a payment, enter the appropriate amount. After the remote payment accepts the information, the POS will print out a receipt for the card payment (at least two copies). The cardholder should sign the receipt after checking that the information on the payment receipt is correct.

After the operator checks the signature on the receipt and the signature on the back of the credit card (including that the name completely matches and the handwriting basically matches), the operator gives the credit card and a copy of the card payment receipt to the cardholder. At this point, the POS machine The card swiping process is completed.

RFID machine taps the card

Tapping the card on the RFID machine is a new type of credit card usage method, and it is also a networking method. When tapping a card, the operator should first check the credit card's validity period and cardholder's last name and other information.

Then, select the corresponding card machine according to the card issuing bank and the currency type to be paid, enter the corresponding amount, and place the credit card flatly no more than 10cm above the sensor. The RFID machine will emit a signal after sensing the credit card, and then continue the operation process. After the remote payment accepts the information, the printer (if connected) will print out a receipt for tap-card payment, but unlike the previous method, the cardholder does not need to sign, such as The previous method is faster and more convenient. At this point, the card sensing program on the RFID machine is completed.

Manual order pressing

Manual order pressing is usually used when there is no POS machine or the Internet is not available. The order pressing operation must have a pressure-sensitive copy of the "direct purchase order" (at least two copies) and a telephone number. The inspection work before pressing the order is the same as that of the POS machine.

Then, the operator will use the credit card pressing device to print the name and name raised on the credit card onto the purchase form, and write the amount, date and other information, and then call the acquiring bank's authorization hotline. Report the card information to apply for authorization, write the authorization code obtained on the purchase form, and then the cardholder signs it after confirming it is correct.

After checking the signature, the operator hands the credit card and purchase order copy to the cardholder. At this point, the manual order pressing process is completed. Authorization calls are usually made immediately.

In some areas with poor communication or good credit ethics, merchants may encounter situations where merchants will deliver goods to complete the transaction after the customer signs the card. The authorization will be completed in the future, but the merchant is at risk of encountering the credit card (if the customer pays with an invalid card, it will not be discovered immediately without applying for an authorization code immediately).

Online payment

From the perspective of cardholders, online payment is considered to be the riskiest among several credit card payment methods, because people with bad intentions may use Steal user information through phishing, eavesdropping on network information, and fake payments. When paying online, you need to enter the validity period of the credit card, the Visa CVV2 code/MasterCard CVC2/UnionPay CVN2 number next to the signature column on the back of the card, the online transaction password, and sometimes you need to enter your name, a verification code randomly generated by the web page, etc. After the input is completed, click Submit to complete the online payment. With the development of the Internet, the security of online payment and credit card payment has gradually improved, which has also set off the trend of online consumption.

TV and telephone transactions

Similar to online payments, the requirements, validity period, Visa CVV2 code/MasterCard CVC2/UnionPay CVN2 and other information are required.

Pre-authorization

Pre-authorization is generally used to pay a deposit, that is, freezing a part of the available credit card limit as a deposit. The process of pre-authorization is similar to that of manual order pressing, but the content of the call requires pre-authorization of the corresponding amount. It does not require payment, and there is no need to press the order. You only need to issue a certificate of receipt of the deposit.

Generally, pre-authorization will be canceled by the merchant during checkout. If the merchant forgets to cancel, you can call the merchant to request cancellation. You cannot cancel by calling the authorized agency. Or, wait for the bank to automatically cancel the pre-authorization (generally ranging from 7 to 30 days)

How should I reduce the limit of my Bank of China credit card if it is too high?

How to handle the long-term credit limit reduction of Bank of China credit card:

If you need to lower your credit card limit, you can call the Bank of China credit card customer service hotline 4006695566 to apply. Once the adjustment is successful, you may not be able to restore the original limit. .

The above content is for your reference, please refer to actual business regulations.

What should I do if my Agricultural Bank of China credit card limit is exceeded?

If the bank reports that the card exceeds the limit, it may be due to the following two reasons:

1. The amount of consumption exceeds the maximum credit limit of the card.

2. This consumption exceeded the single payment limit.

If the credit card exceeds the limit due to insufficient credit, you can pay with another card; if it is due to the single payment limit, you can modify the payment amount and divide it into multiple payments.

Supplementary information:

1. Solution to the bank’s feedback that this card exceeds the limit:

1. Modify the bank card limit

Encountered If your bank card is limited, you can modify the limit. There are two main methods:

One is to bring your bank card and ID card to a nearby bank branch and ask the staff to help modify the limit of the bank card.

Another method is to log in to online banking to make modifications. As long as you log in to your personal online banking account and find payment management, you can perform related operations. However, this method is only applicable to those who have already opened the account. Customers who have an online banking account.

2. Switch payment methods

The bank card limit is to control your consumption. Therefore, when the bank card consumption is limited, you can choose to change to another payment method to complete the consumption. Such as changing bank cards or using balance accounts.

3. The transfer amount should not be too large at one time

Bank cards also have limits when transferring. This is to avoid risks arising from transfer amounts that are too large, so it is better to use bank cards to transfer money. Sometimes, just don't transfer too much money at one time, or use multiple small transfers instead.

4. Apply for a bank card with a high limit

If your bank card has a low limit, you can also choose to apply for a high-limit bank card, which is also a solution to the limit. One of the most direct and effective ways.

2. How to lift the bank card limit

1. Bring your bank card and ID card to a nearby bank branch and ask the staff to help modify the bank card limit.

2. Log in to online banking to make modifications. Just log in to your personal online banking account and find payment management to perform related operations. However, this method is only applicable to customers who have opened an online banking account. .

3. Can I still receive money if my bank card has reached its limit?

Generally, you can still receive money if your bank card account has reached its limit. Users with limited bank card limits often make transfers. The transaction limit, and more importantly, the limit of online transactions, there is still no limit if the user operates through the bank counter. The bank card limit does not limit account collection, so if others transfer money, the user can still receive funds.

What should I do if the total credit limit of my credit card is too high? What is the total credit limit of a credit card that is too high?

Banks play a very important role in our lives and can be said to be closely related to our lives, and credit cards can also be said to be available to everyone. For example, when we go to the bank to apply for a card or other business, we always hear the total credit limit. Sometimes the bank will say that the total credit limit is too high. So what should you do if the total credit limit of your credit card is too high? Also, how much of the total credit limit is too high?

What is the total credit limit?

To put it simply, the total credit limit of a credit card is the total credit limit provided by the bank to the user based on the user's comprehensive situation.

For example, if you apply for three cards at a certain bank, the sum of the credit limits of these three cards is your total credit limit.

What is the total credit limit of a credit card that is too high?

When we apply for a card, the bank may reject it because your total credit limit is too high. In fact, there is no specific number for the so-called total credit limit that is too high. The standards of each bank may be different, and the assessment will be based on the user's assets, social security, financial income, etc.

According to feedback from netizens, some were rejected with a total credit limit of more than 200,000 yuan, and some were rejected with a total credit limit of more than 800,000 yuan. Some netizens also said that generally a total credit limit of several million would be too high.

What should I do if the total credit limit of my credit card is too high?

1. Reduce the credit limit

If the total credit limit of your credit card is too high, in order to avoid "repairing the credit card", you can give it to one or two of your infrequently used credit cards. Reduce the amount.

2. Cancel credit cards and cancel accounts

In order to prevent the total credit limit from being too high, you can also choose to cancel those credit cards that you do not frequently use.

3. Reduce debt

If the bank says that your total credit limit is too high, then it is very likely that you have more debt, such as if your credit card credit limit is too high. , leading to a lot of bills and a lot of liabilities. Therefore, in order to avoid the total credit limit being too high, it is necessary to reduce debt.

The above is the answer to "What should I do if the total credit limit of my credit card is too high? How much is the total credit limit of my credit card?" Generally speaking, if you hold too many credit cards or have too much debt, your total credit limit may be too high. If you don’t want your card to be rejected because your total credit limit is too high, you can use the above methods to reduce your total credit limit.

This is the end of the introduction on what to do if your credit card limit is too high and what to do if your credit card limit is higher. Did you find the information you need?