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Can I spend over the limit with a Bank of Communications credit card? Aren’t ordinary credit cards allowed to exceed the limit by 10%?

Yes, the current over-limit limit for Bank of Communications's credit card is 10% of the available limit. Over-limit consumption requires an over-limit fee, and an interest of 0.05% per day is required for the over-limit amount.

Excessive consumption will also have a negative impact on credit records. Cardholders who incur over-limit fees for the first time can communicate with the bank in time and apply for cancellation of over-limit fees.

Generally, the peak of over-limit fees occurs after holidays. The bank's temporary increase in the credit limit is generally valid for 45 days. After the expiration, the credit limit will be automatically restored to the credit limit before the adjustment. After the expiration, the cardholder will have to pay "over-limit" if he does not control the arrears within the original limit in time. fee". Extended information

At present, only China Merchants Bank does not have specific charges for over-limit fees, and all other banks have this setting. Some banks have also set a minimum over-limit fee of 10 yuan or 20 yuan.

When the cardholder repays the amount equal to or higher than the minimum repayment amount of the current bill but lower than the amount payable in the current period before the due date of the current bill every month, the remaining amount will be The amount of deferred repayment is the revolving credit balance. If most bank cardholders choose to use revolving credit, they will not be able to enjoy the interest-free repayment period in the current period.

If you fail to repay the minimum repayment amount before the due repayment date (inclusive), you should pay the overdraft interest from the accounting date to the repayment date, and the minimum repayment amount. A late fee is payable on a percentage of the outstanding balance. The proportion is 5% of the unpaid portion of the minimum repayment amount.

Baidu Encyclopedia - Interest will be charged if you miss a penny on your credit card, and the maximum late payment fee is 30 yuan