Many friends who swipe their credit cards are often prompted that the transaction amount exceeds the limit, but their credit cards are in a normal state and have not been blocked, frozen or stopped by the bank. So what is the reason why the transaction amount exceeds the limit? What's the solution? Let's have a look.
Common reasons for exceeding the limit of credit card transaction amount;
1, single/single-day transaction amount is limited. Many banks will set a one-day or one-day transaction limit for credit cards. If you check the limit of this setting, the transaction will fail. In this case, it is suggested to call the bank to inquire about the specific limit, and then split the transaction into multiple transactions or change the payment method.
2. The credit card amount exceeds the transaction limit of POS machine. Many UnionPay POS machines stipulate that the maximum amount of a single transaction should not exceed 50,000 yuan, and some banks will also restrict some merchants. There are two ways to solve this situation, one is to split a large amount of funds for a small number of transactions, and the other is to change the payment method.
The amount paid by credit card is limited. Generally speaking, it is more common for China UnionPay Express to pay, and China UnionPay Express has a small number of confidential and visa-free functions. Many banks have different restrictions on this function. It is said that Ping An Bank and Guangfa Bank have a small amount of double exemption and a one-day limit of 3,000. They also need to split small and large transactions.
4. The available credit card amount is insufficient. Generally speaking, the amount of a single credit card exceeds the current available limit of the credit card. For example, if you want to buy a mobile phone with 3000 yuan, only 2000 yuan is available in the card. If the limit is reduced by 1000 yuan, the transaction will definitely not succeed, and the transaction amount will be prompted to exceed the limit. In this way, you can deposit the insufficient part into the credit card first, and then swipe the card after restoring the quota.
In addition, if the credit card is controlled by the wind, such as overdue, illegal use of the card, high debt and so on. In this case, it is difficult to delete credit card transactions. This requires paying off debts, reducing debts, and then forming a good habit of using cards. Slowly remove the risk control, and everything will be easy after the risk control is lifted.
How to open the credit card overrun function of Minsheng Bank?
Open method:
To enable the overrun function, please use the reserved mobile phone to edit "the last four digits of KC" and send it to/kloc-0 106902895568；; To turn off the overrun function, please edit the "last four digits of QC" with the reserved mobile phone and send it to 106902895568.
Credit card overdraft is a special service provided by the bank for cardholders, which allows cardholders to overdraw their credit limit in case of insufficient credit limit in case of emergency.
At present, Minsheng Bank allows customers to use a small amount of excess on the basis of the approved credit line, and the excess line cannot be used for transfer and cash advance. Minsheng Bank's credit card can only exceed the limit after the over-limit service is opened, and it can only exceed the limit once in a billing cycle.
If the customer uses the overrun function continuously for two consecutive billing cycles, the overrun function will be automatically turned off on the billing day of the second billing cycle.
It should be noted that the specific amount that can be exceeded is determined according to the cardholder's comprehensive card use. The overrun ratio of gold card and ordinary card is 65,438+00% of the current credit line, and the overrun ratio of platinum card or above is 5% of the current credit line (if it is in the temporary adjustment period at the same time, it will be calculated according to the adjusted credit line). The over-limit limit cannot be used for transfer and cash advance.
After the cardholder opens the over-limit function service, when the transaction exceeds the limit, the over-limit fee will be charged at 3% of the over-limit part, with a minimum of 10 yuan, which will be generated with the transaction. After the foreign currency is used beyond the limit, the standard for charging the over-limit fee is also 3% of the over-limit part, with a minimum of 10 yuan.
Extended data:
Credit card overrun function and business is one of the many businesses of Minsheng Bank. In addition, Minsheng Bank also operates and provides many commercial services to consumers. These commercial services are:
1, absorbing public deposits;
2. Short-term, medium-term and long-term loans;
3. Handling domestic and international settlement;
4. Handle bill acceptance and discount;
5. Issue financial bonds;
6. Acting as an agent to issue, honor and underwrite government bonds;
7. Buying and selling government bonds and financial bonds;
8. Engage in interbank borrowing;
9. Acting for buying and selling foreign exchange;
10, engaged in bank card business;