Some friends often say that their credit cards are "maxed out." In fact, the fixed amount has been exhausted. The scientific name is actually called credit card over limit. Today, the card friends of Chuangcaishang Forum will talk to you about credit card over limit.

What is a credit card overage limit?

An over-limit credit card refers to a credit card that exceeds the credit limit approved by the bank. If the customer agrees to open a card service that exceeds the credit limit, the credit limit can be increased by 10% on the basis of the original credit limit.

At present, some banks enable over-limit services by default, and cardholders can decide whether to enable this service according to their own needs.

Generally, as long as you receive a credit card, there will automatically be an over-limit amount. If the cardholder is worried that the limit has been exceeded without his knowledge, he can proactively call the bank's credit card customer service hotline to cancel.

What is the over-limit fee?

If the cardholder overdrafts, the bank will charge a certain overage fee for the excess amount, usually 5% of the overage amount, charged monthly until the cardholder pays off the balance.

In other words, if your credit card limit is 4,000 yuan, but you spend 5,000 yuan all at once when you are overdrafted, it will exceed 1,000 yuan. The bank will charge an over-limit fee of (1000 * 5%) 50 yuan for this part of the money. It is not cost-effective to overdraft.

Next, let’s summarize the over-limit situations of several banks:

Agricultural Bank of China

In addition to its famous credit limit in agriculture, credit card Another benefit is that you can exceed your limit once a month, up to a maximum of 20% of the fixed limit. In other words, a credit card with a fixed limit of 10,000 yuan can spend 12,000 yuan. In fact, not every Agricultural Bank of China credit card can exceed the limit.

It is said that cards that allow over-limits have temporary recommended limits. In fact, it means that you can only allow it to exceed the limit if you use it regularly. The over-limit fee is 5% of the over-limit amount.

Bank of China

If Bank of China exceeds the limit, if it exceeds 5% of the credit limit, the minimum fee is RMB 10 or USD 1.

When you need to spend a lot of money, you need to pay special attention to your credit limit. If your credit limit is not enough, you can call Bank of China Credit Card to apply for a temporary credit limit increase.

Guangdong Development Bank

CGB’s credit card is allowed to exceed the limit once a month, and the maximum limit is 10% of the fixed limit. Pay it off in one lump sum on the repayment date. After the current bill comes out, the card will be in over-limit status and can continue to exceed the limit.

China Everbright Bank

Overdrafts with Everbright Bank credit cards cannot exceed the credit card limit, and overdrafts are not supported.

Although overdraft is not allowed, over-limit fees are stipulated. As long as the outstanding principal of the account exceeds 15% of the current credit card limit, the over-limit fee will not be included. Only if the credit limit ratio exceeds 15%, over-limit fees will be charged in accordance with existing rules.

Minsheng Bank

Many people don’t know that Minsheng Bank credit cards can actually exceed the limit because they need to apply. You can send a text message or call human customer service. If you want to exceed the limit, ask customer service yourself.

The over-limit ratio for ordinary cards is about 10% of the quota, and for platinum cards is about 5%.

Bank of Communications

Many people think that Bank of Communications cannot exceed the limit, but it can.

Bank of Communications’ credit card bill can exceed the limit once per issue, but according to feedback, the maximum is only more than 400. Generally speaking, the Bank of Communications' limit is only one percent of the original credit limit.

Postal Bank

Many people also think that Postal Savings Bank does not exceed the limit, but this is not the case. Postal Savings Bank Gold Card users can enjoy a limit of 5% of the original credit limit, but will also be charged a limit of 5%, with a minimum of 5 yuan and a maximum of 200 yuan!

Users of postal universal credit cards are not allowed to spend beyond the limit.

Industrial Bank

Industrial Bank’s credit card can be used beyond the limit. After the card usage exceeds the limit, the cardholder needs to repay the amount in full in the current period. Regardless of whether the repayment is in full, over-limit fees will not be charged separately for the over-limit portion, only overdue interest will be charged. Related Q&A: How to activate the over-limit limit on Agricultural Bank of China's credit card?

To activate the over-limit limit on Agricultural Bank of China's credit card, you can activate this function through the Agricultural Bank of China customer service hotline, personal online banking and other channels.

Agricultural Bank of China credit card holders can use a certain amount of funds beyond the original limit of the credit card, that is, the cardholder can use the card beyond the limit; but the bank will charge a certain over-limit fee, and the Agricultural Bank of China credit card over-limit fee is 5% of the over-limit amount.