What should I do if the credit card exceeds the credit limit?

As long as the credit card consumption is successful, the excess credit card limit will be included in the current credit card bill together, and the arrears can be paid off before the repayment date. Generally speaking, 2% of the fixed amount is used for credit card overrun, but the overrun can only be used if the amount is insufficient when the user pays by swiping the card. Credit card advance cash does not support the overrun. Credit card overrun requires 5% of the amount exceeding the fixed limit as the overrun handling fee, and the amount exceeding the fixed limit also enjoys the interest-free repayment period, but it must be paid off in one lump sum.

Types of credit cards:

Credit cards, also known as debit cards, are credit certificates issued by commercial banks or credit card companies to qualified consumers. It is in the form of a card with the 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 special 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 limit.

according to different card issuers, it can be divided into bank cards and non-bank cards

bank cards. This is a credit card issued by the bank. Cardholders can shop and spend money at the special merchants of the issuing bank, or withdraw cash at any time at all branches of the issuing bank or places with ATMs.

non-bank card.

this kind of card can be divided into retail credit card and travel and entertainment card. Retail credit cards are credit cards issued by commercial organizations, such as department stores and oil companies, which are dedicated to shopping in designated stores or filling gas stations, etc., and are settled regularly. Travel and entertainment cards are credit cards issued by service industries, such as airlines and travel companies, which are used for ticket purchase, dining, accommodation and entertainment.

according to different issuers, it can be divided into corporate cards and personal cards

corporate cards. Corporate cards are issued to all kinds of industrial and commercial enterprises, scientific research and education institutions, state party and government organs, military units, organizations and other legal organizations.

personal card. Personal cards are issued to individual urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable income sources. Personal cards are applied for in the name of individuals and bear all the responsibilities of using them.

According to the credit status of cardholders, it can be divided into ordinary cards and gold cards.

Ordinary cards. Ordinary cards are issued to cardholders with average economic strength, credibility and status, and their requirements are not high.

gold card.

the gold card is an advanced credit card that pays a high membership fee and enjoys special treatment. Card issuers are those with high credit, strong repayment ability and credit or certain social status. The starting point of gold card authorization limit is higher, and the additional service items and scope are much wider, so the requirements for related service fees and guarantee money are also higher.

What should I do if the credit card amount exceeds the limit?

The part of credit card repayment that exceeds the limit is generally called "overpayment", and this part of the money is displayed in a negative form on the available limit of the credit card. For example, if you use the credit card to spend money in 1 yuan, but you return it to 5 yuan, then your next limit will be displayed as "-4 yuan". The money that exceeds the repayment amount will be stored in your credit card, which will not generate interest or handling fee. Generally, there are three ways to deal with this money:

First, cash withdrawal

Take out the excess money. However, this operation will generate a certain handling fee. Different banks have different charging standards, such as Guangfa Bank. No matter whether you withdraw cash at the ATM of Guangfa Bank or at its bank counter, no handling fee will be charged at this bank, inter-bank, local or collapsed areas, as long as you are in Chinese mainland. Other banks, such as Industrial and Commercial Bank of China, China Construction Bank, Bank of Communications, Huaxia Bank, etc., do not charge a handling fee if you handle the cash withdrawal business at the local ATM or at the bank counter, but if one of them does not meet the above conditions, a certain handling fee will be charged. Therefore, you should consult the bank where your credit card belongs for the specific handling fee.

2. Leave the money in the card

Pay with this card when you buy something. If the amount of money exceeded is not large, this method can be used, and using the money in the credit card for shopping will not generate interest and handling fees.

3. Leave the money in the card as the next repayment deduction

If you leave the money in the card without spending, it is equivalent to adding it to your loan amount, and give priority to deducting this amount when borrowing in the next period. In fact, this is the same as the principle of Method 2.

If your credit card will continue to be used and the amount of money paid back is not much, it is recommended that you keep the money in the credit card, because the credit card itself is designed for people to advance their consumption, and there will be no interest on saving money. On the contrary, a certain amount of handling fee will be paid for withdrawing cash.

spending this sum of money with a credit card will not generate interest and handling fees, nor will it affect your credit limit. In addition, I suggest that you choose a repayment method that is more suitable for your consumption during the next credit card borrowing and repayment period, so as to avoid the worry of overpayment.

usage

swiping the card with POS machine

swiping the card with POS machine is the most common way to use credit cards, and it is a way to swipe the card online. When swiping a card, the operator should first check the validity period of the credit card and the cardholder's last name.

then, according to the issuing bank and the type of currency to be paid, select the corresponding POS machine, swipe the magnetic stripe of the magnetic stripe credit card on the POS machine, or insert the chip credit card into the card slot, connect with the bank and pay, and input the corresponding amount. After receiving the information of remote payment, POS will print a receipt (at least two copies) for credit card payment, and the cardholder shall sign the receipt after checking that the information on the payment receipt is correct.

after checking the signature on the receipt and the signature on the back of the credit card (including the complete name and the basic handwriting), the operator will send the credit card and the payment receipt by swiping the card to the cardholder, and the swiping procedure on the POS machine is completed.

RFID card tapping

It is a new type of credit card use mode and a networking mode to tap the card on the RFID machine. When taking a card, the operator should first check the validity period of the credit card and the cardholder's last name.

Then, according to the issuing bank and the type of currency to be paid, select the corresponding card punching machine, input the corresponding amount, and lay the credit card flat no more than 1cm above the sensor. After the RFID machine senses the credit card, it will send out a signal sound, and then continue to operate the program. After the remote payment receives the information, the printer (if connected) will print out a receipt for card payment, but unlike the previous method, the cardholder does not need to sign, which is faster and more convenient than the previous method. At this point, the card tapping induction program on the RFID machine is completed.

manual sheet pressing

manual sheet pressing is usually used when there is no POS machine or no internet connection. The pressing operation must have a pressure-sensitive duplicate "direct purchase order" (at least two copies) and a telephone. The inspection before pressing the order is the same as that of the POS machine.

then, the operator prints the name and other information raised on the credit card on the purchase order with the credit card pressing device, and writes the information such as the amount and date, then calls the authorization hotline of the acquiring bank, reports the card information to apply for authorization, and writes the obtained authorization code on the purchase order, and then the cardholder signs it after confirming it is correct.

after checking the signature, the operator gives the cardholder a copy of the credit card and the purchase slip, and the manual slip pressing procedure is completed. Authorized calls are usually dialed immediately.

in some areas with poor communication or good credit discipline, it will happen that merchants will deliver the goods to complete the transaction after signing the card. Authorization will be completed in the future, but merchants are at risk of encountering credit cards (if customers use invalid cards to pay, they will not be able to find them immediately without applying for authorization codes immediately).

online payment

from the cardholder's point of view, online payment is considered to be one of the most risky payment methods of credit cards, because malicious people may use phishing, eavesdropping on network information, fake payment and other means to steal user information. When paying online, you need to enter the validity period of the credit card, the number of Visa CVV2/MasterCard CVC2/ UnionPay CVN2 next to the signature column on the back of the card, the online transaction password, and sometimes you need to enter your name, the verification code randomly generated by the webpage, etc. After the input is completed, click Submit to complete the online payment. With the development of the Internet, the security of online payment and credit card payment has gradually improved, which has also blown up the trend of online consumption.

TV and telephone transactions

are similar to online payment, with information such as requirements, expiration date, Visa CVV2 code/MasterCard CVC2/ UnionPay CVN2, etc.

Pre-authorization

Pre-authorization is generally used to pay a deposit, that is, to freeze the available amount of a part of the credit card as a deposit. The process of pre-authorization is similar to manual bill pressing, but the content of the phone call is to ask for the corresponding amount of pre-authorization, not to ask for payment, nor to press the bill, just to issue a certificate of receipt of the deposit.

general pre-authorization will be cancelled by the merchant at checkout. If the merchant forgets to cancel, he can call the merchant to ask for cancellation, but he can't cancel by calling the authorized institution himself. Or, wait for the bank to automatically cancel the pre-authorization (usually ranging from 7 to 3 days)

What will happen if the credit card is overspent?

1. If the cardholder overdraws, the bank will charge a certain excess fee, generally 5% of the excess amount, and will charge it monthly until the cardholder pays off the money. That is to say, if your credit card limit is 1, yuan, but when you overdraw, you always spend 12,3 yuan, then you will spend more than 1, yuan, and the bank will charge (23,5%) 115 yuan for this part of the money, so it is not worthwhile to overdraw.

2. Under normal circumstances, banks will allow the appropriate amount to exceed the limit, and the general range will be controlled at about 5%-1% of the original amount. If you use it in excess, the excess part needs to be paid off in one lump sum in the next installment, and you can't pay by installment. As long as you repay on time, it will not affect your credit history or anything else, and of course it is not recommended to exceed the limit frequently. If the quota is not enough, you can call the banking service hotline to apply for an increase in the temporary quota or the fixed quota.

Extended information:

Consequences of overdue credit card

1. Liquidated damages, usually the minimum repayment amount, account for 5% of the unpaid part.

2, high interest, and it is a rolling interest, and interest is very scary when there are many debts.

3. The overdue period will stain the credit record, which will lead to the inability to handle financial needs such as house purchase and loan in the next two years.

4. If it is overdue for more than 3 months and the amount exceeds 1,, the bank has failed to make several reminders, and it will not only pay back the money, but also bear criminal responsibility.

what should I do if my credit card limit is exceeded and what will happen if I overshot my credit card? This is the end of our introduction. I wonder if you found the information you need from it?