1. Available limit

The available limit refers to the available limit of a credit card. Definition: The available credit limit of a credit card refers to the credit limit of your credit card that has not been used. The available credit will be reduced with each consumption and restored with each repayment.

Available credit limit = credit limit approved by the bank - outstanding balance on bills that have not yet been paid - transaction amount that has not been recorded but has occurred - other related interest and fees.

Note: The unpaid credited amount refers to the amount of card transactions that have been billed but you have not yet returned; the accumulated amount that has been used but not credited refers to the amount of card transactions that have occurred but have not yet been billed. ;Other related interests and fees refer to interest on cash withdrawals or installment payments.

2. Cash withdrawal limit

The cash withdrawal limit can also be called the cash withdrawal limit. The cash withdrawal limit is the credit card withdrawal limit, which refers to the credit limit granted to the cardholder by the card issuing bank (or institution). The amount available for cash advances (or transfers). Usually 50 of the credit limit.

The credit card cash withdrawal limit is not for withdrawing cash, but for the holder to make purchases, so a cash withdrawal limit is set. Credit card cash withdrawal is cash advance, which is one of the most basic functions of a credit card. Cash advance refers to the behavior of cardholders using their credit cards to withdraw cash through self-service terminals such as ATMs. ?

Although you can use a credit card to withdraw cash, please do not use the cash advance function in non-emergency situations because the cost of using the credit card cash advance function is higher.

Extended information:

Credit card fund settlement:

1. Submit the transaction statement

The merchant will submit the transaction statement signed by the cardholder or The cash withdrawal order is submitted to our acquiring bank, and we will settle the account with the acquiring bank and recover the advanced funds.

2. Request payment

The acquiring bank deducts a certain handling fee when paying to the special merchant, and submits a payment request to the card-issuing bank with the acquiring bank. This process is accomplished by transmitting the charge file to the card issuing bank.

3. Payment

If the issuing bank has no objection to the transaction, it will pay the acquiring bank and share the business handling fee with the acquiring bank through withholding. Otherwise, it will enter the stage of chargeback or repayment, and it may even end up being submitted to a higher-level organization for adjudication.

4. Cardholder payment

The card issuer will issue a statement, that is, a payment notice, to the cardholder at the end of each month or on an agreed date. The cardholder shall confirm the information on the statement. After the transaction is confirmed, pay the corresponding amount to the card issuing bank.

Reference material: Baidu Encyclopedia—Available limit

Reference material: Baidu Encyclopedia—Cash withdrawal limit

Reference material: Baidu Encyclopedia—Credit card