In addition to providing credit lines to cardholders, most bank credit cards also provide over-limit limits. The over-limit limits are mainly used to prepare for emergencies and prevent cardholders from suffering from insufficient credit lines. Payment failure occurs. The excess limit is the amount beyond the credit limit of a credit card. So how much can you use over the limit on a Bank of Communications credit card? Let’s find out together.

How much can the over-limit limit of Bank of Communications credit card be used?

According to regulations, the over-limit limit of Bank of Communications credit card is 10% of the credit limit. When the cardholder’s Bank of Communications credit card When the credit limit is 10,000 yuan, the amount that can be exceeded is 1,000 yuan, and with the excess limit, the available credit limit is 11,000 yuan. Of course, it should be noted that if you use over-limit consumption, you need to pay an over-limit fee. The amount charged for the over-limit fee is 5% of the over-limit part, with a minimum of 10 yuan and a maximum of 200 yuan.

In addition, the over-limit limit is generally not interest-free, and interest will begin to accrue from the day of use. There is also a limit on the number of times you can use the over-the-limit limit. You can use the over-the-limit limit once per bill period at most.

When paying with a credit card, if the amount exceeds the limit, the payment will not be successful. In this case, you can only change the method to complete the payment.

After spending beyond the limit, you cannot repay in installments or make minimum payments. After the bill amount comes out, you need to repay in full on the final payment date at the latest. If you do not repay on time, you will be fined. If it is considered overdue, it will have a negative impact on your personal credit report.