For example:
For example, a user's Ping An credit card has a credit limit of 5,000 yuan, which is about 500 yuan. When the card line of 5,000 yuan is used up, customers can spend 500 yuan over the limit.
Of course, whether the consumption can be exceeded and how much it can be exceeded depends on the comprehensive evaluation of the customer's card use by the banking system. When the customer's credit card available limit is negative, it means that the account has been overspent.
However, the over-limit consumption of credit cards does not affect credit, as long as customers remember to repay on time. It should be noted that since May 14, 2020, Ping An Bank has fully included the credit card used in excess of the credit limit in the minimum repayment amount of the bill. Therefore, customers must pay off their bills before the repayment date (inclusive) after using Ping An Credit Card to exceed the consumption limit.
Credit card limit:
Credit card limit, also known as credit card available limit, refers to the maximum amount of credit card you can use, including credit limit (that is, the maximum overdraft limit of credit card) and the amount deposited in credit card.
The amount of any credit card depends on the effective income provided by the individual during the application process and the value of the asset guarantee. The credit limit of a credit card is positively related to the applicant's income and secured assets, that is, the higher the income and secured assets, the higher the credit limit. Therefore, the applicant must provide proof of income, provident fund social security and asset guarantee statement. Asset guarantee includes fixed assets such as real estate and automobiles, as well as current assets such as savings and bonds.
Use attention skills:
1. Pay in full to avoid cyclic interest.
Although banks emphasize the interest-free period when promoting credit cards, most people are not very clear about the rules of interest-free period, thus spending a lot of money. For example, during the Spring Festival, Xiao Zhang bought a new mobile phone and swiped 4,000 yuan with a credit card. At the time of repayment, there was only 3999.7 yuan in the account. After the bank deducted money, Xiao Zhang still owed the bank 0.3 yuan. Maybe this is nothing in real life, but banks don't think so. Consumers have to pay interest if they fail to repay in full, and they do not enjoy the interest-free period (daily interest = the remaining unpaid amount of the day * interest rate). It is recommended that you pay in full when you repay, so as not to cause greater losses.
2. Temporarily increase the credit limit to avoid credit card overdraft.
In fact, every credit card has a hidden limit. When you swipe your credit card, it is easy to use the over-limit amount, and once you use the over-limit amount, it means paying a high over-limit fee. Many consumers have a bad grasp in the process of shopping, and credit cards are often maxed out. I suggest you apply to the bank in advance to increase the temporary limit, which will not only avoid the explosion of credit cards, but also increase the credit limit.
3. The minimum repayment amount must be full to avoid overdue repayment.
In our daily life, we often encounter the situation that the capital turnover is ineffective. At this time, you can choose the minimum repayment limit to repay, which can ensure that your personal credit record will not be affected, and there will not be too many late fees. However, it is important to note that the minimum repayment amount must be paid in full, otherwise you will encounter a high late payment fee.