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.

Available credit line: available credit line refers to the unused credit line in your credit card. To put it bluntly, it is the credit limit that can be overdrawn at present. The calculation method is: credit line-unrecorded amount-accumulated used unrecorded amount = available amount.

For example, if the balance is 972 yuan and the available line is 300 yuan, it means that you currently owe 972 yuan, the available line is 300 yuan, and you can also overdraw 300 yuan.

Credit limit refers to the maximum overdraft limit given to your credit card by the bank when approving your credit card. You can only use your credit card within this limit. If you exceed this limit, you can't use your credit card.

The credit limit is based on the information you fill in when applying for a credit card and the relevant supporting documents you provide. The main card and the supplementary card enjoy the same credit limit. Under normal circumstances, the RMB limit and the US dollar limit of dual-currency credit cards are interchangeable. For example, your limit is 30,000 RMB. If you use a card abroad, your credit limit is equivalent to about 5,000 US dollars.

The bank will adjust the credit limit regularly, but you can provide relevant financial proof on your own initiative and request to adjust the credit limit.

References:

Baidu Encyclopedia Entry Credit Card Available Amount _

What does the credit limit of a credit card mean?

The credit limit of a credit card is the maximum amount that a cardholder can use when making credit consumption. When the cardholder makes consumption and repayment according to the relevant regulations of the bank, the credit line can be recycled.

Determinants of credit limit: the credit limit of a credit card is determined by the information (real estate, car, work unit, annual income and professional title) submitted by the cardholder when applying for a credit card from the bank. Generally speaking, the higher the income level and consumption frequency of cardholders, the higher the credit limit, while the credit limit of credit cards is not fixed. The bank will adjust the credit limit of the credit card in the cardholder's hand according to the cardholder's habit of using the credit card.

When using credit cards, you should pay attention to two very important days. The first is the billing date of the credit card: the date when all the expenses of the credit card were settled last month; Second, the repayment date of the credit card: the repayment date refers to the deadline for returning the credit card, usually the twentieth day after the credit card bill date;

Bookkeeping date of credit card: the consumption of credit card will be settled on a certain day, instead of every other month. For example, if the billing date of a credit card is 20th, then all the consumption before 20th (even if it happens on19th) will be included in the bill, and it needs to be repaid on the repayment date of this period;

Credit card repayment date: Generally, the 20th day after the credit card bill date is the credit card repayment date, that is, the latest date to repay the current credit card consumption. The billing date is not the date of repayment, but the last date of repayment of last month's consumption, and repayment can be made after the billing date of credit card.

What do credit card credit limit and available limit mean?

Credit limit and available limit of a credit card have two meanings:

Credit limit: the total amount of credit card granted by the bank when issuing the card can be recovered normally within the validity period.

Available limit: the overdraft limit that can be used again in the current cycle after you have used the credit card to spend all the arrears; If the arrears are returned, the available amount will be restored.

Tips: If the available amount is greater than the credit limit, it means that there is still extra money after paying off the arrears, and subsequent consumption can be automatically deducted.

(Response time: August 6, 2020. Please refer to China Merchants Bank official website for the latest business changes. )

What does the credit card limit mean? Can any credit card withdraw money once a month?

Credit card limit Generally speaking, the credit card available limit refers to the maximum amount you can use a credit card, including the credit limit (that is, the maximum overdraft limit of a credit card) and the amount deposited in the credit card.

There is only a limit on the amount of credit card withdrawal, and there is no limit on the number of times. The withdrawal amount is not the amount that can be withdrawn by a credit card, and the credit card regulations of each bank are different.

Cash withdrawal by credit card is one of the inherent functions of credit card itself. Cardholders can withdraw cash from the bank by credit card. Credit card withdrawal mainly includes overdraft withdrawal and overpayment withdrawal.

You need to pay interest for overdraft cash withdrawal, and the interest will be calculated from the day you withdraw cash, while the overpayment cash withdrawal does not require interest, only a part of the handling fee, depending on the bank's regulations.

Extended data:

According to different payment methods, credit cards can be divided into credit cards and quasi-credit cards.

1, credit card.

That is, when the issuing bank provides bank credit, it overdraws first, and then repays or pays in installments. Most of these cards are used for international circulation. In other words, the way to allow cardholders to pay off their credit card accounts is "consume first, then deposit". Most of these cards are used for international circulation.

2. quasi-credit card.

It's a credit card issued by the bank. Deposit first and then spend. When applying for a credit card, the cardholder needs to deposit a certain amount of money in the issuing bank in advance as a backup. The cardholder needs to use the card on the basis of the deposit balance, and generally no overdraft is allowed.

The credit card is overdue, that is, it is not repaid on time after using the credit card. Consequences of overdue:

1. The liquidated damages are generally the minimum repayment amount, that is, 5% of the unpaid part.

2, the interest rate is high, and it is rolling interest. When there are many debts, the interest rate is scary.

3. Overdue will tarnish the credit record, resulting in the inability to handle financial needs such as buying a house and lending in the next two years.

4. The overdue payment is more than 3 months, and the amount exceeds 1 000 yuan, and the bank has repeatedly failed to make dunning. At that time, you will not only pay back the money, but also bear criminal responsibility.

References:

Baidu encyclopedia-credit card limit

What does the bank card credit limit mean?

The credit limit of a credit card refers to the credit limit given by a bank to a customer, that is, the customer's use limit, which can be recycled for a period of time.

Credit card, also called debit card, is a credit certificate issued by a commercial bank or credit card company to eligible consumers. It is a card with name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.

In most cases, citizens with full civil capacity (citizens aged 65-438+08 in Chinese mainland) who have a certain direct source of income can apply for a credit card from the issuing bank. Sometimes, a legal person can also be an applicant.

The object of applying for credit card can be divided into units and individuals. Applicants should be organs, enterprises and institutions, foreign-invested enterprises and individual industrial and commercial households with independent legal personality in China. When applying for a credit card, each unit can get a main card and multiple (5- 10) supplementary cards as needed.

Individuals applying for credit cards must have a fixed occupation and a stable source of income, and provide guarantees to banks. The forms of guarantee include personal guarantee, unit guarantee and personal fund guarantee.

The application method is generally by filling in a credit card application form, which generally includes the applicant's name, basic information, economic situation or income source, guarantor and its basic information. And submit some copies of certificates and vouchers to the issuing bank. After filling in the application form truthfully, the customer shall submit the completed application form and relevant credit certificate. A credit card contract is attached to the application form. The applicant authorizes the issuing bank or relevant departments to investigate the relevant information, and submit the information authenticity statement and the privacy protection policy of the issuing bank. , and must have the applicant's autograph.

After receiving the application form and related materials submitted by the applicant, the issuing bank shall review the applicant's credit standing. The contents of the audit mainly include whether the contents of the application form are true, evaluating the credit degree of the applicant, and auditing the relevant information of the personal guarantor.

Usually, the bank will review the information and economic situation of the applicant according to the application materials to judge whether to issue a credit card to the applicant. The factors considered include the applicant's past credit record, the applicant's known assets, professional characteristics, etc.

What does the credit card available amount mean?

1. Credit card limit, also known as credit card available limit, refers to the maximum amount you can use a credit card, including the credit limit (that is, the maximum overdraft limit of a credit card) and the amount deposited in the credit card.

2. The available credit line is comprehensively judged by the user's spending power and repayment status. With good credit and timely repayment, banks will naturally increase the credit limit and encourage users to spend.

3. The calculation method of credit card available limit is: available limit = credit limit approved by the bank-unpaid bill debt-unrecorded but occurred transaction amount-other related interests and expenses.

4. Unpaid recorded amount refers to the amount of credit card transactions that have been booked but not returned; Cumulative used unrecorded amount refers to the amount of credit card transactions that have occurred but have not been accounted for; Other related interests and expenses refer to interest such as cash withdrawal or installment payment.

Extended data:

Credit card application

1. In most cases, citizens with full capacity for civil conduct (citizens aged 65-438+08 in Chinese mainland) who have a certain direct source of income can apply for a credit card from the issuing bank. Sometimes, legal persons can also act as applicants.

2. The object of applying for a credit card can be divided into units and individuals. Applicants should be organs, enterprises and institutions, foreign-invested enterprises and individual industrial and commercial households with independent legal personality in China.

3. When applying for a credit card, each unit can get a main card and multiple (5- 10) supplementary cards as needed. Individuals applying for credit cards must have a fixed occupation and a stable source of income, and provide guarantees to banks.

4. The forms of guarantee include personal guarantee, unit guarantee and personal fund guarantee.

The application method is generally to fill in the credit card application form. The contents of the application form generally include the applicant's name, basic information, economic status or income source, guarantor and its basic information.

6. Submit copies of certain certificates and vouchers to the issuing bank. After filling in the application form truthfully, the customer shall submit the completed application form and relevant credit certificate.

7. A credit card contract is attached to the application form. The applicant authorizes the issuing bank or relevant departments to investigate the relevant information, submit a statement on the authenticity of the information, and the privacy protection policy of the issuing bank. , and must have the applicant's autograph.

Baidu Encyclopedia: Credit Card

What does the credit card limit mean? Let's stop here.