In order to avoid the embarrassment that customers can't pay when using credit cards because they forget to apply for an increase in the temporary limit, some banks will control the maximum credit card consumption at 1 10% of the original limit according to relevant regulations, and the excess is called floating limit. In other words, if the cardholder's credit limit is 20,000 yuan, then the cardholder's credit card can directly spend up to 22,000 yuan. If it exceeds 2000 yuan, the bank can charge a certain percentage of the overrun fee.

General credit card, you apply for a basic limit. The bank will adjust the quota according to your consumption record and repayment speed, and basically there will be a floating quota.

credit card

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.

According to the relevant laws and regulations of our country, credit card refers to an electronic payment card issued by commercial banks or other financial institutions with all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc. 20 17 12 1, the English translation and writing standards for public services were formally implemented, and the English names of credit cards were specified.