When using a credit card, if the cardholder accidentally overdrafts, the situation will be different. Once the preset limit is exceeded, the bank will charge a fee for the excess, usually 5% of the limit, and the fee is calculated monthly until the balance is repaid in full. For example, if your credit card limit is 4,000 yuan and the consumption amount reaches 5,000 yuan, then the excess 1,000 yuan will be charged an over-limit fee of 50 yuan, which will undoubtedly increase the financial burden of the cardholder.

When encountering temporary large-amount consumption needs, cardholders can apply to the card-issuing bank for a temporary limit increase. However, it should be noted that this kind of limit usually has a validity period. After expiration, it will automatically return to the original limit, and the temporary increase needs to be repaid in advance during repayment. For consumption that cannot be repaid in one go, bill installment is a solution, and you only need to pay a certain handling fee to repay it in installments.

In addition, according to the regulations of the Central Bank, banks usually allow credit card consumption limits to fluctuate by 10% based on the original limit, that is, a credit card of 10,000 yuan can be swiped to 11,000 yuan. The excess may incur over-limit fees. However, China Merchants Bank is an exception. Its credit card cannot exceed the limit. Even if the limit is temporarily increased, the excess needs to be repaid in the same month, and no additional over-limit fees will be charged.

In general, excessive credit card overdrafts will involve additional fees, so be sure to control them within the limit when using them. If you have large consumption needs, you should plan in advance and make reasonable use of services such as temporary limits or bill installments. .