The negative balance of credit card is actually the money that exceeds the credit limit, which is what we often call overpayment. Generally, it is because there is money in the credit card, or you pay more when you repay, so you don't have to worry that the negative balance is money owed to the bank.

But what I want to say here is that the credit card balance is negative. This extra money can be spent directly by credit card, or it can be taken out in cash, but there may be a handling fee when it is taken out, mainly depending on how the bank stipulates. In addition, there is another reason why the credit card balance is negative, that is, the credit card has a temporary limit, so it will also be shown as negative when repaying.

Available line = credit line approved by the bank-unpaid bill debt-unrecorded but occurred transaction amount-other related interest and expenses. The current credit card balance refers to the credit card currently available to the credit card holder. This is actually a common practice in the industry. If the cardholder fails to repay in full, the balance of the bill will be displayed in RMB. If it is repaid in excess, the excess will be displayed in-yuan. "A negative sign indicates that the credit card account has a balance, and no negative sign indicates that the credit card has not been paid off."

Note: The unrecorded amount refers to the amount that the credit card transaction has been accounted for, but you have not returned it; 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.

Credit line, also known as "credit line", refers to a certain amount of credit line granted by banks to their basic customers, that is, enterprises can recover so much money within a specified time. For example, if an enterprise applies for an export bill of exchange of US$ 2 million a year, it can use the amount of US$ 6,543.8+million five times, and it can use the amount of RMB 20 million if it uses 10 times. On the one hand, it solves the short-term difficulties of the enterprise, improves the cash flow speed of the enterprise and improves the efficiency of the use of funds.

Credit card available balance = total amount-the calculation method of current balance is wrong. Because the posting of consumption is not real-time, the posting time of consumption is generally one day. If there is unposted consumption in the credit card, although it is not included in the current balance, it has already occupied the credit line. Therefore, the calculation formula of available credit card balance is: available credit line = total credit line-current balance-used and unrecorded consumption amount.

Reasons why consumption is not accounted for:

1, consumption is not recorded in real time, and the consumption recording time is generally one day;

2. There is installment business in the credit card, which occupies the credit card quota, but it is included in the bill by installments every month and should be repaid, which cannot be displayed in the "current balance" in time;

3. There is pre-authorization in the credit card, and the amount is frozen, but it is not included in the current balance;

4. There are multiple credit cards in the name, and the consumption of other cards will also occupy the credit card limit, but it is not included in the current balance of this credit card.

What does it mean that the credit card account balance is negative?

There are three situations when the credit card balance becomes negative: 1 and credit card overpayment. 2. The temporary line has expired. 3. Overuse. These situations will lead to a negative credit card account balance, which needs attention.

These three situations are described in detail below:

1. Overpayment by credit card

If the amount payable in the current period is negative, there is no need to pay back the money. In the past, you saved or paid more money from your credit card, which is called credit card overpayment. When you repay the loan, you save an extra sum of money. This is called overpayment. I will deduct this penny first when I check out next time. Therefore, if the repayment amount is less than the consumption amount, the current payable amount is negative.

Second, the temporary quota expires.

In the case of temporary limit, the total limit of credit card is temporarily fixed. After the temporary quota expires, it will be restored to a fixed quota, and then its available quota will be deducted, resulting in a negative available quota. Most banks require the temporary amount to be included in the current bill, requiring full repayment, not just the minimum amount.

Third, overuse.

In order to encourage cardholders to spend, some banks will give a certain amount of credit cards and allow cardholders to spend more than the card limit. For example, the limit of a card is 10000 yuan. When we spend 10050 yuan, it is equal to surpassing 50 yuan. The cardholder's consumption exceeds the card limit and the account balance of the card is negative.

How is the credit card limit negative? What are the consequences of negative quotas?

Credit cards have always been used in our daily consumption, and spending in advance through credit cards has become a consumption pattern of many people, mainly because credit cards themselves are limited. However, sometimes the credit card limit may become negative. So, what is the credit card negative limit? What are the consequences of negative quotas? I will answer your question today.

How is the credit card limit negative?

I. Expiration of temporary quotas

When the credit card limit is not enough, people sometimes apply for a temporary limit to use it. And when you use the temporary limit, or the temporary limit expires and you haven't repaid it, then your credit card limit will be shown as negative.

2. Overdraft

When you use a credit card, your credit card limit will be negative before you repay it.

Third, there is overpayment.

When you pay back your credit card, if you overpay, the overpaid amount will be overpaid in your card, and this overpayment will also lead to a negative credit card limit. Later, when using a credit card, the overpayment was deducted first, and then the credit card amount was deducted.

What are the consequences of negative credit card limit?

There are three main situations in which the credit card limit is negative, and none of them will have any consequences. For example, the temporary quota has not been repaid or exceeded, so it should be repaid as soon as possible. Of course, you have to pay the over-limit fee for over-limit use.

Will the credit card limit be negative at the meeting?

Credit card negative limit has little to do with credit reporting, and it will not be used for credit reporting in essence. Of course, if the limit is negative due to over-limit usage, and the temporary limit has not been repaid, if you have not repaid, it is overdue and you will report it to the credit bureau.

The above is about "what is the negative credit card limit?" What are the consequences of negative quotas? "The answer. If your credit card limit is negative, it is probably caused by the above situation. However, there will be no consequences if the quota is negative, so you can rest assured.

The introduction of why credit cards show negative numbers and why credit cards are negative numbers ends here. I wonder if you have found the information you need?