What is credit card overpayment?, Do not deposit large amounts of funds into credit card accounts! Multiple banks have taken action
"Please use your own account to repay the bill amount or overdraft amount, and do not deposit large amounts of funds into your credit card account to avoid affecting card transactions due to overpayment or over repayment by others." Recently, several banks have announced that they will strengthen the management of credit card overpayment.
The management of credit card overpayments is continuously strengthening. China Securities has found that bank related measures include setting limits on the amount of overpayments, setting limits on the number of deposits or withdrawals of overpayments, and lowering the credit limit of credit card accounts.
What is the credit card overpayment? What is the impact on cardholders? Why do banks need to strengthen relevant management? What issues do we need to pay attention to when using credit cards? Follow the editor to take a look.
Q
What is credit card overpayment?
The so-called credit card overpayment refers to the excess funds returned by the cardholder during credit card repayment or the self owned funds stored in the credit card account. For example, if a cardholder uses a credit card to spend 2000 yuan and deposits 3000 yuan directly into the account for repayment, the extra 1000 yuan is the overpayment.
Q
What is the impact of overpayment on cardholders?
Overpayment can automatically offset the cardholder's subsequent credit card consumption. If there is an overpayment on the credit card, the cardholder will deduct the overpayment first and then deduct the credit limit when making a purchase. It should be noted that if you want to withdraw this amount of money, sometimes you may need to pay a certain handling fee to the bank, which is the "overpayment recovery handling fee". In addition, unlike savings cards, credit cards do not generate interest even if there is extra money in the account.
Q
Why should we strengthen the management of overpaid payments?
Several banks have stated in their announcements that the purpose is to prevent credit cards from being used for illegal money laundering transactions such as fund circulation in telecommunications fraud cases, and to effectively ensure the security of cardholders' credit card account funds.
It is reported that some criminals purchase or rent credit cards that others are using or idle, and use credit card repayment or transfer to make the illegal gains become credit card overpayment. Then, they use false merchant POS consumption transactions to convert the credit card overpayment into merchant settlement funds, and disperse the transfer to downstream accounts, ultimately achieving withdrawal or realization.
Q
What management measures have banks implemented?
Firstly, set a limit on the amount of overpayment. For example, Bohai Bank announced that, while meeting the reasonable repayment needs of cardholders, it will increase the limit on credit card overpayments deposited by the bank.
Secondly, limit the number of times excess payments can be deposited or collected. For example, Bank of Beijing announced restrictions on the amount and number of times credit card accounts can deposit or receive excess payments.
Thirdly, risk management measures such as lowering credit limits, stopping payments, freezing, suspending credit card business, and restricting non counter business should be taken for customer accounts that use credit cards abnormally.
Q
What card usage issues should cardholders pay attention to?
Credit cards are only for personal consumption and cannot be rented, lent, sold, or used by others in any other way. It is not allowed to use credit cards to accept funds from unknown sources under the name of others, or transfer funds from unknown sources on credit cards through false transactions, overpayment withdrawals, withdrawals, and other behaviors. Not allowed for illegal transactions such as telecommunications network fraud.