The term "maxing out" is familiar to anyone who uses a credit card. So if the fixed limit is used up, can I still use it?

In the last issue, we mentioned that if the fixed credit limit on your credit card is not enough, you can apply for a temporary limit. However, in addition to applying for a temporary limit, there is actually another method that is often ignored.

What is the over limit?

"Maximizing" means that the credit card's limit has been exhausted. For example, if the credit limit is 10,000 yuan, and you spend 10,000 yuan with the card, it is equivalent to maxing out the credit.

In addition to applying for a temporary limit, in fact, the bank will also give the cardholder a consumption that exceeds the credit card overdraft limit. The credit limit is generally 10% of the credit limit, which means that even if the credit card is "maxed out", you can still continue to use it a little more

But previously, if the credit limit was exceeded, the bank would treat the user as follows: 5% of the over-limit amount will be charged an "over-limit handling fee"

With the rapid development of credit society construction, the central bank issued the "Notice of the People's Bank of China on Matters Related to Credit Card Business" in 2016, requiring Banks adjusted various charging standards for credit cards

After the announcement, various banks responded to the central bank’s call and made adjustments successively. In 2017, some banks canceled the “over-limit handling fees” of credit cards

< p>The "over-limit handling fee" is waived, which is especially beneficial to users who frequently use credit cards

However, it should be noted that not all banks have waived this fee, because some banks have strict risk control. So not all banks can allow overdrafts

Take a steady inventory

Which banks can allow overdrafts?

Wenwenjun has summarized some commonly used bank regulations for everyone. You may wish to refer to:

Banks that can exceed the credit limit and do not charge over-limit fees include:

< p>Bank of China, Industrial and Commercial Bank of China, China Construction Bank, Bank of Communications, Industrial Bank, and Agricultural Bank of China

Banks that can exceed the limit, but need to charge over-limit fees include:

Shanghai Pudong Development Bank, The over-limit handling fee of China Guangfa Bank, Everbright Bank, and CITIC Bank is 5% of the over-limit amount

What is special is: Minsheng Bank

All customers of Minsheng Bank do not activate over-limit service by default. If you need to activate the over-limit function, you need to contact the bank’s customer service to ask how to enable it. The specific over-limit amount depends on the card level.

It should be noted that repayment of the over-limit amount generally requires full payment. Repayment in excess of the limit will result in fees or even overdue repayment. In addition, some banks have regulations on the use of excess limits. For example, they cannot be used for transfers and cash advances.

Wenwen Card Manager Tips : Some banks don’t even like users maxing out their credit cards, let alone overdrafts. To use your credit card well, the key is to know more about the relevant information

Use Wenwen Card Manager to teach you how to really use your credit card< /p>