What should I do if I pay too much on my credit card? There are several solutions.

Many people have a credit card and no longer want to use it. They plan to cancel the credit card. They need to pay off the credit card balance in advance and make sure there is no excess money. However, many people have overpaid on their credit cards, and they cannot write off the credit card without clearing the excess amount. So what should you do if you overpay on your credit card? Come take a look today.

What should I do if I pay too much on my credit card?

Everyone should know that if you pay too much on a credit card, the amount that exceeds the limit given by the bank will become an overpayment.

For people who have not used the card for a long time, premium payments are very risky. If there are no transactions on the credit card for more than 180 days, the bank is likely to handle the overpayment as bad debt, and the cardholder’s The credit card status will become bad debt, which is very bad. If you want to cancel your credit card, the cancellation will fail because of this overpayment.

So cardholders who overpay on their credit cards should settle the overpayment as soon as possible. There are two most common ways to deal with it, namely withdrawing the money and swiping the card to spend it.

1. If you want to withdraw money, unless the bank supports free cash withdrawals for overpayments, you must calculate the withdrawal amount, because the fees for cash withdrawals need to be deducted from the overpayments to avoid using When your credit card limit is reached, interest accrues and you have to repay it, which is very troublesome.

2. If you use a credit card to spend, you need to find a product with the same price as the overpayment. This way, you can perfectly solve the overpayment without using up your credit card limit, so you don’t have to worry. After swiping the card for consumption, you still have to pay it back.

The above is the relevant introduction to "What should I do if I pay too much on my credit card?" I hope it will be helpful to everyone.

How to refund the overpayment on the credit card

If the overpayment on the credit card becomes an overpayment, the user can directly withdraw the overpayment. . If the repayment funds have not turned into overpayments, then the user needs to retain relevant evidence of the two repayments. After submitting the evidence to the bank, it proves that there is a repeated deduction. After the bank verifies that it is correct, the repayment usually takes a few working days. The funds will be returned via the original route.

Therefore, there are two ways to solve the problem of heavy credit card repayments. Although overpayments can be withdrawn directly, some banks require payment of handling fees for overpayment withdrawals.

1. Serve as the next repayment: The overpayment amount does not need to be taken out, but is placed on the credit card, and then the card can be used as normal for consumption. The repayment amount for the next bill can be used as the overpayment amount. deducted from the amount. But the disadvantage of this is that the money becomes dead money when it is left on the credit card and cannot accrue interest.

2. Some banks can directly withdraw cash: For the overpayment on credit cards, some banks can directly withdraw cash without handling fees, but most of them are limited to local banks. For example, ICBC, China Construction Bank, Bank of China, China Minsheng Bank and other banks have no handling fee for withdrawing overpayment from credit cards at local branches (over the counter or ATM machine); the local branch of Shanghai Pudong Development Bank stipulates that there is no handling fee for withdrawing money from the bank's ATM machines. There is a 0.5% handling fee for retrieval, with a minimum charge of 5 yuan. If the cash is withdrawn from someone other than our own bank, a certain handling fee may be charged. For example, ICBC charges 2 yuan per transaction for cross-bank withdrawals; China Construction Bank charges 1% handling fee for cross-bank withdrawals, with a minimum of 2 yuan and a maximum of 50 yuan;

3. Online banking transfer of some banks: If you accidentally overpay, some banks can also transfer funds to their bank savings cards through online banking in addition to withdrawing cash from ATMs and counters. Different banks have different policies for overpayment online banking transfers. Specific cardholders can call the bank's customer service number to ask

4. Next repayment. If you have more money on your credit card, you can also leave the money in the card and wait for the next repayment. In this case, you don’t have to worry about the next repayment, and you can confidently and boldly spend overdraft in advance. .

5. Transfer and remittance. If you have too much money on your credit card, you can also use the transfer function of your credit card to transfer the excess money to other bank cards. In this case, there will generally be no handling fees and you can save some trouble.

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What should I do if I pay too much on my credit card?

1. What should I do if I pay too much on my credit card?

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1. If the fee is not very high, you can temporarily store it in your credit card and deduct it when you make your next payment.

2. Direct consumption. If the card owner has consumption needs, he can use the excess amount for consumption.

3. Withdraw extra cash. If you need the amount urgently, you can go to the relevant bank to withdraw it, but the handling fee is relatively high. If the amount is too large, the handling fee will be correspondingly high.

2. What is the process for applying for a credit card?

1. The party concerned applies to the bank;

2. The bank receives the application form from the applicant. After receiving relevant materials, the applicant’s creditworthiness will be reviewed;

3. After the applicant successfully applies for a credit card, the card issuer will open a separate credit card account for the cardholder at the card-issuing bank;

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4. Check the relevant personal information provided during the application by phone or online, and complete the card opening process once it meets the requirements.

3. What are the basic conditions for applying for a credit card?

1. Be over 18 years old and have full capacity for civil conduct;

2. Be legal and stable Income, and good credit;

3. Can provide corresponding identification documents, such as a copy of ID card or military officer ID;

4. Can provide proof of work, income and financial resources Proof;

5. Can provide proof of residence, which can be a copy of the household registration book or a certificate issued by the street.

How to get a refund for overpaying on a credit card

If you overpay on a credit card, banks generally will not refund the money. If you want to withdraw money, you can only withdraw cash by credit card. The bank will charge a cash advance fee to collect interest. The cash advance fee of each bank is also different.

Generally speaking, when a credit card is repaid, the excess will be retained in the credit card as an overpayment, which can be used by swiping the card normally or used for online payment, and the bank will not charge interest. If there is a balance on the credit card, the overpayment will be automatically offset against the balance on the credit card.

Extended information:

1. How to get a refund if the credit card payment is overdue?

1. If the credit card repayment is heavy and the overpayment funds turn into overpayment, the user can directly withdraw the overpayment.

2. If the repayment funds have not turned into overpayments, then the user needs to retain the relevant evidence of the two repayments. After submitting the evidence to the bank, it proves that there is a repeated deduction. After the bank verifies that it is correct, , usually the repayment funds will be returned via the original route within a few working days.

3. Therefore, the above two methods can be used to solve the problem of heavy credit card repayments. Although overpayments can be withdrawn directly, some banks require payment of handling fees for overpayment withdrawals.

This concludes the introduction on what to do if I overpay on my credit card and what to do if I overpay on my credit card. Did you find the information you need?