CITIC Bank credit card can be overdrafted.

CITIC Bank credit card overdrafts generally come in two forms, one is consumption and the other is cash withdrawal. When a cardholder makes a consumption overdraft, the maximum consumption limit is generally the credit limit of the credit card. The monthly consumption amount is included in the current bill and is repaid on the repayment date. When a cardholder withdraws cash from an overdraft, the maximum amount that can be withdrawn is generally 50% of the original credit limit. Generally, after withdrawing cash, interest will be charged on the cash withdrawal part at a rate of 0.5% per day.

1. The meaning of credit card cash withdrawal

Credit card cash withdrawal is different from credit card cash withdrawal. Credit card cash withdrawal is one of the inherent functions of the credit card itself. Cardholders can use the credit card to withdraw cash from the bank. Credit card cash withdrawal Cash withdrawals mainly include overdraft withdrawals and overpayment withdrawals. Overdraft withdrawals require interest, and interest is calculated from the day you withdraw cash, while overdraft withdrawals do not require interest and only require a partial handling fee, depending on the regulations of each bank. It should be noted that the bank card logo under the Visa International Credit Card Organization is VisaElecronInterlinkPlusVisa cash. Among them, Visa's credit card allows cash withdrawal and overdraft. Debit cards under ElecronVisa can withdraw cash but cannot be overdrawn. PlusVisa's ATM cards can only withdraw cash and cannot be overdrawn. InterlinkVisa's Interlink debit card allows cash withdrawals but cannot be overdrafted.

2. Credit card cash withdrawals mainly include overdraft cash withdrawals and overdraft cash withdrawals

Overdraft cash withdrawals are small cash loans provided by banks to cardholders. They are used when cardholders are in urgent need. Help cardholders flexibly allocate funds at any time.

Cash withdrawal of overpayment refers to the funds that credit card customers overpaid when repaying or the funds deposited in the credit card account. A certain amount of handling fee is required to withdraw the overpayment. This amount can increase the available limit of the cardholder's credit card or be used directly for consumption repayment. If there is an overpayment on the credit card, the overpayment will be deducted first and then the credit limit. If the overpayment is greater than the consumption amount, there will be no overdraft.

The overdraft cash withdrawal limit is set according to the cardholder's card usage, and the maximum limit does not exceed 50% of the cardholder's credit limit. The daily ATM cash withdrawal limit per person per card is 2,000. In addition to the cash withdrawal fees for credit card withdrawals, interest must be paid for overdraft withdrawals at home and abroad. Some banks can enjoy interest-free treatment.