There is no limit on the application time interval for temporary limit adjustment of China Merchants Bank credit card. Customers can log in to credit card online banking at any time and click "Account Management" - "Account Limit Management" - "Temporary Limit Adjustment" to apply. The bank will review the cardholder based on their consumption, repayment and other card usage conditions, and a temporary limit will be obtained upon approval.
When the customer's fixed limit cannot meet consumption needs, the customer can apply for a temporary limit from the bank, which will take effect immediately after approval. The temporary quota is valid for a certain period of time, and will automatically revert to the original quota after the period is exceeded. After the temporary limit expires, the used temporary limit (the portion exceeding the fixed limit) does not enjoy the revolving credit facility and will be included in the minimum payment amount of the latest bill and must be paid off in one lump sum on the due payment date.
Extended information:
Should the temporary credit limit be paid off in time? Most banks charge over-limit fees
The temporary limit raised by the bank will not be too high. The adjustment is mostly 30 to 50. Unlike the fixed credit limit of a credit card, which is valid for a long time, its validity period is only from 20 days to 3 months. After the validity period expires, it will automatically return to the credit limit before the adjustment. If the repayment exceeds the validity period, it will become an "over-limit" and most banks will charge an over-limit fee of 5%.
There are also bank regulations that if the debt exceeding the original limit is not repaid by the due date, no over-limit fee will be charged, but the card will not be usable during this period and will affect the personal credit record.
China Merchants Bank-Online Customer Service-Credit Card Business-Temporary Limit Adjustment
People's Daily Online-The temporary credit card limit should be paid off in time. Most banks charge over-limit fees