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What does the approval code 45 displayed on the Bank of Communications credit card mean?

No need to save money. Credit cards are used for overdraft consumption. As for how much you can overdraft, it depends on the credit limit you were approved when you applied. For example, if you are approved for a 5k quota, then you can borrow 5k from the bank for consumption. As long as you pay off the debt before the specified latest payment date, there will be no interest.