When many people use credit cards, when the original limit is not enough, they will choose to apply for a temporary limit. So what should you do if the temporary credit limit expires and you are unable to pay it back? Let’s find out with us.

What to do if the temporary credit limit on your credit card expires and you still can’t make it up

The only solution is to repay it. If you don’t want to overdue, you have to bite the bullet and pay it back. Anyway, you have to find ways to do it. To raise money and repay the loan, here are some tips on how to do it:

1. Ask relatives and friends to borrow money. When borrowing money, you can make an IOU and agree on the repayment period, and you can also give some interest. They can lend you money with confidence;

2. If you can’t borrow money, you can also withdraw cash with your credit card and then repay the loan. However, this cost is relatively high, and you will have to pay cash withdrawal fees and a Interest is calculated daily;

3. Another more feasible method is to apply for a credit card cash installment, and use the money to pay off the temporary amount of debt first, and then repay it in installments;

4. If you lose the ability to work, you can negotiate with the bank for repayment to see if the debt can be suspended, and then the debt will be paid off in 5 years. During this period, you must repay according to the agreement.

What will happen if the temporary limit is not met?

If the temporary limit is not met after the expiration of the temporary limit, the credit card will be regarded as overdue. The card issuer will calculate interest from the date of consumption. If the repayment is not made in time, Partially, an over-limit fee of RMB 5 is required. In addition, if only part of the loan (including the temporary limit) is repaid during the interest-free repayment period, but it is lower than the minimum repayment amount, the bank will charge the cardholder all the overdraft interest instead of repaying the interest paid on part of the loan, and will also repay the interest. It will leave a bad record.

To sum up, if the temporary limit of the credit card is not enough, it is equivalent to overdue. When you repay later, you will have to pay more over-limit fees.