How to solve the problem of credit card exceeding the limit

Credit card holders can use certain funds beyond the original credit card limit, that is, they can swipe their cards beyond the limit; However, banks have to charge a certain over-limit fee, and the credit card over-limit fee is 5% of the over-limit part. However, it should be noted that:

1. Cardholders must apply for and open credit card service with exceeding credit limit;

2. If the cardholder has not opened the credit card service exceeding the credit limit, this function can be opened through customer service hotline, personal online banking and other channels

3. The over-limit part enjoys an interest-free period, but it must be paid off in full on the due repayment date, that is, the over-limit part cannot be repaid according to the minimum repayment amount.

Credit card exceeds the limit

Credit cards can be used for overdraft consumption, but they have an available limit, which can only be used within the limit, and the corresponding limit will be restored after repayment. However, if the credit card limit is not enough, there is still an over-limit limit for emergency

What does it mean?

credit card overrun literally means exceeding the limit, that is, the limit beyond the maximum overdraft limit of your credit card. Not every bank has this limit, and the rules and charges for exceeding the limit are different.

For example, your credit card limit is 1, yuan, but you have already used 9, yuan. If you want to spend 1,1 yuan now, you will have to use the over-limit limit. If you don't have the over-limit limit, you can only use 1 yuan.

if the bank card exceeds the limit, it will exceed the maximum limit of bank card withdrawal and payment.

According to the Measures for the Administration of Bank Card Business:

Article 45

The card-issuing bank shall observe the following risk control indicators for credit card business:

(1) The single overdraft of the same cardholder shall not exceed 2, yuan (including the equivalent) for individual cards and 5, yuan (including the equivalent) for corporate cards.

(2) The monthly overdraft balance of the same account for an individual card shall not exceed 5, yuan (including the equivalent value), and the unit card shall not exceed 3% of the comprehensive credit line granted to the unit by the issuing bank. The monthly overdraft balance of a unit without comprehensive credit line for reference shall not exceed 1, yuan (including equivalent value).

(3) The overdraft limit of the card shall not exceed 8% of the cardholder's deposit (including the pledged amount of savings deposit). (four) from the date of implementation of these measures, the average monthly overdraft balance of more than 18 days (including 18 days, the same below) shall not exceed 15% of the total monthly overdraft balance.

article 46

the maximum overdraft period of a quasi-credit card is 6 days. The minimum repayment amount of a credit card in the first month shall not be less than 1% of its overdraft balance in that month.

Extended information:

According to the Measures for the Administration of Bank Card Business:

Article 24

Commercial banks shall charge settlement fees to merchants according to the following standards:

(1) Hotels, restaurants, entertainment, tourism and other industries shall not be less than 2% of the transaction amount;

(2) Other industries shall not be less than 1% of the transaction amount.

What should I do if the credit card amount exceeds the limit?

The part of credit card repayment that exceeds the limit is generally called "overpayment", and this part of the money is displayed in a negative form on the available limit of the credit card. For example, if you use the credit card to spend money in 1 yuan, but you return it to 5 yuan, then your next limit will be displayed as "-4 yuan". The money that exceeds the repayment amount will be stored in your credit card, which will not generate interest or handling fee. Generally, there are three ways to deal with this money:

First, cash withdrawal

Take out the excess money. However, this operation will generate a certain handling fee. Different banks have different charging standards, such as Guangfa Bank. No matter whether you withdraw cash at the ATM of Guangfa Bank or at its bank counter, no handling fee will be charged at this bank, inter-bank, local or collapsed areas, as long as you are in Chinese mainland. Other banks, such as Industrial and Commercial Bank of China, China Construction Bank, Bank of Communications, Huaxia Bank, etc., do not charge a handling fee if you handle the cash withdrawal business at the local ATM or at the bank counter, but if one of them does not meet the above conditions, a certain handling fee will be charged. Therefore, you should consult the bank where your credit card belongs for the specific handling fee.

2. Leave the money in the card

Pay with this card when you buy something. If the amount of money exceeded is not large, this method can be used, and using the money in the credit card for shopping will not generate interest and handling fees.

3. Leave the money in the card as the next repayment deduction

If you leave the money in the card without spending, it is equivalent to adding it to your loan amount, and give priority to deducting this amount when borrowing in the next period. In fact, this is the same as the principle of Method 2.

If your credit card will continue to be used and the amount of money paid back is not much, it is recommended that you keep the money in the credit card, because the credit card itself is designed for people to advance their consumption, and there will be no interest on saving money. On the contrary, a certain amount of handling fee will be paid for withdrawing cash.

spending this sum of money with a credit card will not generate interest and handling fees, nor will it affect your credit limit. In addition, I suggest that you choose a repayment method that is more suitable for your consumption during the next credit card borrowing and repayment period, so as to avoid the worry of overpayment.

usage

swiping the card with POS machine

swiping the card with POS machine is the most common way to use credit cards, and it is a way to swipe the card online. When swiping a card, the operator should first check the validity period of the credit card and the cardholder's last name.

then, according to the issuing bank and the type of currency to be paid, select the corresponding POS machine, swipe the magnetic stripe of the magnetic stripe credit card on the POS machine, or insert the chip credit card into the card slot, connect with the bank and pay, and input the corresponding amount. After receiving the information of remote payment, POS will print a receipt (at least two copies) for credit card payment, and the cardholder shall sign the receipt after checking that the information on the payment receipt is correct.

after checking the signature on the receipt and the signature on the back of the credit card (including the complete name and the basic handwriting), the operator will send the credit card and the payment receipt by swiping the card to the cardholder, and the swiping procedure on the POS machine is completed.

RFID card tapping

It is a new type of credit card use mode and a networking mode to tap the card on the RFID machine. When taking a card, the operator should first check the validity period of the credit card and the cardholder's last name.

Then, according to the issuing bank and the type of currency to be paid, select the corresponding card punching machine, input the corresponding amount, and lay the credit card flat no more than 1cm above the sensor. After the RFID machine senses the credit card, it will send out a signal sound, and then continue to operate the program. After the remote payment receives the information, the printer (if connected) will print out a receipt for card payment, but unlike the previous method, the cardholder does not need to sign, which is faster and more convenient than the previous method. At this point, the card tapping induction program on the RFID machine is completed.

manual sheet pressing

manual sheet pressing is usually used when there is no POS machine or no internet connection. The pressing operation must have a pressure-sensitive duplicate "direct purchase order" (at least two copies) and a telephone. The inspection before pressing the order is the same as that of the POS machine.

then, the operator prints the name and other information raised on the credit card on the purchase order with the credit card pressing device, and writes the information such as the amount and date, then calls the authorization hotline of the acquiring bank, reports the card information to apply for authorization, and writes the obtained authorization code on the purchase order, and then the cardholder signs it after confirming it is correct.

after checking the signature, the operator gives the cardholder a copy of the credit card and the purchase slip, and the manual slip pressing procedure is completed. Authorized calls are usually dialed immediately.

in some areas with poor communication or good credit discipline, it will happen that merchants will deliver the goods to complete the transaction after signing the card. Authorization will be completed in the future, but merchants are at risk of encountering credit cards (if customers use invalid cards to pay, they will not be able to find them immediately without applying for authorization codes immediately).

online payment

from the cardholder's point of view, online payment is considered to be one of the most risky payment methods of credit cards, because malicious people may use phishing, eavesdropping on network information, fake payment and other means to steal user information. When paying online, you need to enter the validity period of the credit card, the number of Visa CVV2/MasterCard CVC2/ UnionPay CVN2 next to the signature column on the back of the card, the online transaction password, and sometimes you need to enter your name, the verification code randomly generated by the webpage, etc. After the input is completed, click Submit to complete the online payment. With the development of the Internet, the security of online payment and credit card payment has gradually improved, which has also blown up the trend of online consumption.

TV and telephone transactions

are similar to online payment, with information such as requirements, expiration date, Visa CVV2 code/MasterCard CVC2/ UnionPay CVN2, etc.

Pre-authorization

Pre-authorization is generally used to pay a deposit, that is, to freeze the available amount of a part of the credit card as a deposit. The process of pre-authorization is similar to manual bill pressing, but the content of the phone call is to ask for the corresponding amount of pre-authorization, not to ask for payment, nor to press the bill, just to issue a certificate of receipt of the deposit.

general pre-authorization will be cancelled by the merchant at checkout. If the merchant forgets to cancel, he can call the merchant to ask for cancellation, but he can't cancel by calling the authorized institution himself. Or, wait for the bank to automatically cancel the pre-authorization (usually ranging from 7 to 3 days)

How to repay if the credit card exceeds the limit

At present, most credit cards provide over-limit credit card swiping service, and the central bank stipulates that if the credit limit exceeds 1%, it can still be overdrawn as usual, but the over-limit fee will be charged. Moreover, if there is no timely repayment, the interest late payment fee will still be charged if it is an over-limit amount. Then, how to repay the credit card if it is over?

1. After the credit card is exceeded, different banks have different repayment rules. Some banks pay an overrun fee of 5% for the excess; Although the amount of "over-limit fee" of some banks is 5%, the minimum amount is 5 yuan RMB or US$ 1. Some banks also stipulate that the excess will be paid off in the latest repayment.

2. To put it simply, the amount to be repaid after using the credit card exceeds the limit is higher than the actual amount of credit card swiping, because credit card swiping will generate an over-limit fee, which is mainly calculated according to the over-limit limit amount. Generally, the over-limit fee is charged at 5% of the over-limit amount, and the minimum fee is RMB 5 yuan or USD 1 yuan.

3. In addition, most banks also stipulate that cardholders can't enjoy interest-free discount if they overdraw. In other words, if you repay the loan within the time specified by the bank, you don't have to pay the credit card overdraft interest, but you can't enjoy this discount for the excess overdraft, and you must pay five ten thousandths of the daily interest.

the best solution is to return the amount owed to the bank as soon as possible, so that it will not have any impact on subsequent consumption.

what happens when the credit card is overspent?

1. If the cardholder overdraws, the bank will charge a certain excess fee, generally 5% of the excess amount, and will charge it monthly until the cardholder pays off the money. That is to say, if your credit card limit is 1, yuan, but when you overdraw, you always spend 12,3 yuan, then you will spend more than 1, yuan, and the bank will charge (23,5%) 115 yuan for this part of the money, so it is not worthwhile to overdraw.

2. Under normal circumstances, banks will allow the appropriate amount to exceed the limit, and the general range will be controlled at about 5%-1% of the original amount. If you use it in excess, the excess part needs to be paid off in one lump sum in the next installment, and you can't pay by installment. As long as you repay on time, it will not affect your credit history or anything else, and of course it is not recommended to exceed the limit frequently. If the quota is not enough, you can call the banking service hotline to apply for an increase in the temporary quota or the fixed quota.

Extended information:

Consequences of overdue credit card

1. Liquidated damages, usually the minimum repayment amount, account for 5% of the unpaid part.

2, high interest, and it is a rolling interest, and interest is very scary when there are many debts.

3. The overdue period will stain the credit record, which will lead to the inability to handle financial needs such as house purchase and loan in the next two years.

4. If it is overdue for more than 3 months and the amount exceeds 1,, the bank has failed to make several reminders, and it will not only pay back the money, but also bear criminal responsibility.

what should I do if the credit card consumption of CCB exceeds the limit?

If the bank reports that this card exceeds the limit, there may be two reasons:

1. The amount of consumption exceeds the maximum credit limit of this card.

2. This consumption exceeds the single payment limit.

If the credit card exceeds the limit due to insufficient credit limit, you can change it for another card to pay; If it is because of a single payment limit, you can modify the payment amount this time and divide it into multiple payments.

Supplementary information:

1. Feedback from the bank. Solution:

1. Modify the bank card limit

When the bank card is limited, you can modify the limit. There are two main methods:

One is to bring the bank card and ID card to a nearby bank outlet to ask the staff to help modify the limit.

The other way is to log in to the online bank to modify it by yourself. Just log in to the personal online bank account and find the payment management, and then you can carry out related operations. However, this method is only applicable to customers who have already opened online banking accounts.

2. Switching payment methods

The bank card limit is to control your consumption, so when the bank card consumption is limited, you can choose another payment method to complete the consumption, such as changing the bank card or using the balance account.

3. Don't transfer too much money at a time

Bank cards will also have a limit when transferring money, which is to avoid risks caused by too large a transfer amount. Therefore, when transferring money with bank cards, don't transfer too much money at a time, or use multiple small transfers instead.

4. Get a high-limit bank card

If your bank card limit is low, you can also choose to get a high-limit bank card, which is also one of the most direct and effective ways to solve the limit.

2. How to lift the bank card limit

1. Take your bank card and ID card to a nearby bank outlet and ask the staff to help modify the bank card limit.

2. Log in to the online bank to modify it yourself. Just log in to the personal online bank account and find the payment management, and then you can carry out related operations. However, this method is only applicable to customers who have already opened online banking accounts.

Third, can you still receive money if the bank card is limited?

Generally, you can still receive money if the bank card account is limited. Often, the bank card limit limits the amount of users' transfer transactions, and most of them limit the amount of online transactions. If users operate through the bank counter, there is still no limit. The bank card limit does not limit the account collection, so users can still receive funds if others transfer money.

what should I do if my credit card is accidentally overdrawn?

1. I have to pay for the overdraft of my credit card. It is indeed an industry rule to charge cardholders "over-limit fees", but "over-limit fees" are clearly written in the credit card application form. According to the credit card data of local banks, the proportion of "over-limit fees" charged by banks is different. Some regulations are as follows: 5% shall be paid for the excess part; Some banks "overrun fee" amount is 5%, but the most