A credit card maxed out means that your overdraft exceeds the original credit card limit. When your credit card causes this kind of "overrun", the bank will charge a management fee for the overrun, which is also very high. I hope that cardholders can do what they can, don't overuse credit cards, and avoid unnecessary expenses and excessive repayment pressure.

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 and statement of asset guarantee.

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.

What do you mean the credit card is maxed out?

A credit card is maxed out, which means all the credit cards are maxed out.

For example, the credit limit of a credit card is 30,000 yuan, and you have maxed out this 30,000 yuan one after another this month, which is equivalent to maxing out the card. But in fact, many banks will give cardholders a spending limit that exceeds the credit card overdraft limit. This part of the limit is called "over-limit limit", which depends on the bank.

Credit cards always have the maximum available amount. If you spend more than the available overdraft limit, your credit card will be maxed out.

There are also credit cards that exceed the limit, which is generally 10% of the credit card limit. After the credit card is maxed out, it will be used and included in the repayment bill.

Extended data

1. If the overrun line is used, some banks will charge a certain overrun fee. Please consult customer service for details, and the cost will be reflected in the credit card bill.

2. After the available credit card limit is used up, some banks will provide temporary credit lines, which have a certain validity period and need to be repaid once they expire.

3. After the credit card is maxed out, it may affect the credit card limit. For example, the Agricultural Bank of China (ABC) directly said that the credit card limit of more than 85% is illegal and will be reduced.

Credit cards are convenient to use, but don't swipe them at will. If you have no repayment ability, it will affect your personal credit information and have a great impact on your future life.

Baidu encyclopedia-credit card limit

How to swipe your credit card?

Credit card maxed out means that the credit card usually gives the cardholder a spending limit that exceeds the overdraft limit of the credit card. For example, the credit limit of a credit card is 1 1,000 yuan, but the amount that this credit card can spend is 1 1,000 yuan, which means that there is an overrun limit of 10%. There is usually an overrun fee for the overrun consumption, and the overrun part cannot enjoy the cyclic interest and must be paid off in the current bill.

Pay too much attention to "overrun" when swiping a card.

Literally, swiping a credit card means using up all the credit cards. For example, a credit card with a credit limit of 10000 yuan will be "maxed out" and can no longer be swiped. Actually, it's not. According to industry insiders, there is a concept that is often overlooked behind the explosion of credit cards, that is, credit cards exceed the limit. Over-limit credit card swiping means that the accumulated credit limit used by the cardholder on the billing date exceeds the credit limit approved by the issuing bank in a billing cycle. Generally speaking, you can swipe your card when the credit limit is used up.

According to the regulations of the central bank, the maximum credit card limit is 10%. Therefore, in a broad sense, a credit card with a limit of 1 0,000 yuan can only be considered as "maxed out" if it is swiped to 1 654,38+0,000 yuan, and it cannot be swiped at all. However, most banks charge a handling fee for over-limit credit cards, which is 5% of the excess.

Therefore, it is necessary to remind credit card holders that after the credit card bill expires, they should control the arrears within the original limit in time, otherwise they will pay the "overrun fee". But for most cardholders with repayment ability, the overdue caused by this negligence can be completely avoided.

In view of the credit card repayment problem, Zhang Yucheng, the customer service director of the Bank Card Center of Shanxi Industrial and Commercial Bank, suggested that the cardholder handle the card in person, which was clearly stipulated in the agreement. As an applicant, you should be familiar with these terms and remember the repayment date after activation. If I have a lot of cards or am busy at work, I recommend using automatic repayment.

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Forget about the introduction of the credit card explosion.