The negative balance of credit card is actually the money that exceeds the credit limit, which is what we often call overpayment. Generally, it is because there is money in the credit card, or you pay more when you repay, so you don't have to worry that the negative balance is money owed to the bank. But what I want to say here is that the credit card balance is negative. This extra money can be spent directly by credit card, or it can be taken out in cash, but there may be a handling fee when it is taken out, mainly depending on how the bank stipulates.
Another reason why the credit card balance is negative is that the credit card has a temporary limit, so it will also be shown as negative when repaying. For example, a user's overdraft card quota is 20,000 yuan. Due to the recent shortage of large funds, he applied for a temporary quota of 5,000 yuan, and brushed 23,000 yuan before the temporary quota expired. Then your available overdraft card credit line is "somewhat negative" before the repayment date, and it is shown as-3,000 yuan.
In addition, some overdraft card offer 10% over-limit usage quota, that is, the total overdraft card quota you can use is actually the original quota plus 10%. And this extra 10% will be displayed as a negative number.
1. Overpaid credit cards cannot be idle. Even if some credit cards are free of annual fees for life, there is no need to worry that the annual fees will be deducted if they are not used for a long time, which will easily lead to bad debts and affect credit.
2. The validity period of the temporary quota of different financial institutions is different. For example, China Merchants Bank is generally 30 days, China Everbright is 45 days, Xingye is 1 month, and the construction period is 3 months. There will be a SMS reminder when the temporary quota is opened, and you can also log in to the financial institution or pay attention to the service number to inquire about the specific deadline. After the temporary limit expires, the fixed limit will be automatically restored. If there is no repayment at that time, the available overdraft limit is negative, and you can no longer use the credit card. You can continue to use it after paying off the money.
What does it mean that the credit card limit is negative?
The available credit card limit is negative, which means that the user's credit card consumption limit has exceeded the credit card credit limit. For example, if the credit amount is 2000 and the used credit amount is 2020.9, the available credit amount is -20.9, which exceeds the limit by 20.9 yuan. Many banks will charge a certain fee when the credit card is used beyond the limit, and must return it on time after exceeding the limit.
Credit card, also called debit card, is a credit certificate issued by a commercial bank or credit card company to eligible consumers. It is a card with name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.
The credit card stipulated in the relevant laws of our country (Interpretation of the Provisions of NPC Standing Committee on Credit Cards) refers to the electronic payment card issued by commercial banks or other financial institutions with all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc. 20 17 12 1, the English translation and writing standards for public services were formally implemented, and the English names of credit cards were specified.
superiority
Compared with ordinary bank savings cards, the most convenient way to use credit cards is for ordinary consumption, and there is no cash in the cards. In many cases, it is enough to return the consumption amount on time.
You can spend without deposit overdraft, and enjoy an interest-free period of 20-56 days to repay on time without any charge (most banks will charge 0.5% interest on the day of cash withdrawal, and there will be a 2% handling fee, but ICBC will only charge interest).
It is not only safe and convenient to swipe your card when shopping, but also a bonus gift.
Special merchants who hold cards in banks can enjoy preferential treatment.
Accumulate personal credit, add credit records to credit files, and benefit for life.
Access to the whole country is barrier-free, and you can withdraw money or spend money by credit card on ATM and POS machines with UnionPay logo; (Note: Credit cards are only suitable for credit card spending. It is best not to withdraw cash, which is expensive and uneconomical. )
Credit card spending, some credit cards get existing points, and various discounts and lottery activities throughout the year, so that you can always have surprises as long as you use the card; (Most credit cards have no points for online payment, but online payment is very convenient and fast. )
Mail the statement free of charge every month, so that you can grasp every consumption expenditure transparently; (Now advocating environmental protection, you can cancel the paper statement and change it into an electronic statement. )
Unique supplementary card function, suitable for husband and wife to jointly manage money or master children's financial expenses.
The free choice of one card and two currencies is popular all over the world, and consumption abroad can repay in RMB.
400 telephone or 5-digit short number prefixed with "9" provides 24-hour service, and the report of loss takes effect immediately, with zero risk of card loss.
Validity period: It is known that the validity period of domestic credit cards is generally three to five years.
Use the third-party platform (the domestic platform supporting credit card bill management is mainly Jujindou) to conduct business cooperation and provide preferential services for cardholders.
What if the available credit card limit is negative?
Have you ever encountered this situation when using a credit card? When inquiring about the available credit card limit, it was actually negative. Ms. Zhang encountered this situation, so she specifically consulted, what should I do if the credit card available amount is negative?
Two days ago, when Ms. Zhang paid for something in the supermarket, the cashier told Ms. Zhang that her credit card limit was not enough and she finally gave cash. Later, Ms. Zhang checked it herself. It turned out that when Ms. Zhang swiped her card, she found that the money was not enough, so she applied to the bank for a temporary quota. A few days ago, the temporary limit expired, and the final repayment date has not yet arrived, and her credit card limit has become negative.
At the same time, in addition to the temporary limit that has just expired, credit card spending beyond the limit will also turn the credit card limit into a negative number. For example, your credit card has a fixed limit of 5000 yuan. If you spend money by credit card and the amount exceeds the fixed limit, your credit card limit will become negative.
What about the negative credit card limit? No matter whether the temporary limit expires or the consumption exceeds the limit, the credit card can continue to be used as long as the money is paid back.
Don't panic when the available credit card limit becomes negative. The most direct way is to call the hotline on the credit card, find out the reason and repay the loan. At the same time,
You can handle all credit cards quickly and safely!
What does credit card negative limit mean?
The available credit card limit is negative, which means that the user's credit card consumption limit has exceeded the credit card credit limit. For example, if the credit amount is 2000 and the used credit amount is 2020.9, the available credit amount is -20.9, which exceeds the limit by 20.9 yuan. Many banks will charge a certain fee when the credit card is used beyond the limit, and must return it on time after exceeding the limit.
Credit card limit is negative.
I. Expiration of temporary quotas
First of all, the first reason is that when the credit card has a temporary limit, the displayed total amount = fixed temporary limit. If you use the temporary quota first in this case, but the temporary quota expires before you pay off the money at this time, then the total amount will become negative.
Second, the over-limit use quota
In the second case, the cardholder uses up the credit card limit and intentionally overdraws. At this time, before repayment, the cardholder's credit card limit will also be displayed as negative.
Three. Overpayment
In the third case, if the cardholder deposits money into the credit card, or the repayment amount exceeds the consumption limit, there will be credit card overpayment, and this amount will also be displayed as a negative number. After using the credit card, the overpayment is also deducted first. In this case, you only need to swipe your card to spend the excess amount, and then deduct the amount in the card. I believe that many small partners have encountered this situation.
note:
1. Overpayment is a credit card deposit, and the bank does not calculate and pay interest, which is completely different from a savings card.
Second, credit card withdrawals are charged according to regulations. The charging problem should be viewed from two aspects:
1. In the regulations on the use of credit cards, ATM withdrawals are basically charged. Usually the standard is 0.5% of the withdrawal amount, and the minimum charge is 5 yuan; The handling fee for overseas cash withdrawal is higher.
2. If there is "overpayment", the withdrawal fee will still be charged according to the credit card withdrawal standard. In this case, it is suggested that the cardholder transfer the overpayment on the credit card to the debit card of the same name of any bank, and then withdraw cash from the debit card. This can reduce the handling fee.
Regarding the handling fee for credit card holders to withdraw "overpayment", the charging bank said that although credit card holders took their own money, they occupied the relevant resources of the bank. Because credit cards are different from ordinary debit cards in handling deposit and withdrawal accounts, and credit cards are used to encourage customers to spend instead of letting cardholders use them as savings accounts, the charges are reasonable.
What does it mean that the available credit card limit is negative?
The available credit card amount is negative, which means that the repayment amount is greater than the amount owed, and the excess will be displayed as negative.
There is also an upper limit on the credit card limit. Once you use a credit card to spend, use up the credit card limit or even exceed the limit, then the excess will naturally be displayed as a negative number.
Calculation method of credit card available limit: available limit = credit limit approved by the bank-unpaid bill debt-unrecorded but occurred transaction amount-other related interests and expenses.
Extended data:
Credit card negative limit is generally caused by the following reasons: the temporary limit expires. That is, the temporary limit will expire when it is used up, and a negative number will be displayed before repayment; Overlimit overdraft, overdraft exceeds a fixed amount, which will be displayed as negative before repayment.
There is also an overpayment. When the credit card repays, it will form an overpayment part, resulting in a negative line. The overpayment takes precedence over the quota and is deducted when spending.
What does credit card negative limit mean?
1. The credit card limit is negative, indicating that the user's credit card consumption limit has exceeded the credit card credit limit. For example, if the credit line is 2000 and the used line is 2020.9, then the available line is -20.9, which exceeds the limit by 20.9 yuan. Many banks will charge a certain fee when the credit card is used beyond the limit, and must return it on time after exceeding the limit.
2. Credit cards must be returned on time after daily use, and there can be no overdue repayment, because there will be penalty interest after overdue repayment, and the longer the time, the more penalty interest. And after the deadline, the bank will collect the money. The common collection method is to call the borrower and urge them to pay back.
3. If the credit card can't be repaid on time, you can use installment or minimum repayment amount. When using installment payment, certain conditions must be met. When handling staging, users can choose the number of staging according to their actual situation. The handling fee for different installments is different, which needs your attention.
4. When the credit card is overdue, the overdue record will be uploaded to the credit information center. If the credit information goes bad, it will affect the subsequent application for various loans, such as car loans or mortgages. Moreover, after the arrears are returned, this overdue record will continue to be kept in the credit information for 5 years, and will automatically disappear after 5 years.
Credit card limit is negative.
I. Expiration of temporary quotas
First of all, the first reason is that when the credit card has a temporary limit, the displayed total amount = fixed temporary limit. If you use the temporary quota first in this case, but the temporary quota expires before you pay off the money at this time, then the total amount will become negative.
Second, the over-limit use quota
In the second case, the cardholder uses up the credit card limit and intentionally overdraws. At this time, before repayment, the cardholder's credit card limit will also be displayed as negative.
Three. Overpayment
In the third case, if the cardholder deposits money into the credit card, or the repayment amount exceeds the consumption limit, there will be credit card overpayment, and this amount will also be displayed as a negative number. After using the credit card, the overpayment is also deducted first. In this case, you only need to swipe your card to spend the excess amount, and then deduct the amount in the card. I believe that many small partners have encountered this situation.
That's enough for the introduction that the credit card available limit is negative.