The extra money in the credit card is overpayment, and there is a fee for taking it out. It is not interest-bearing.
The overpayment, which refers to the extra money paid by a credit card customer when making a payment or the money deposited in a credit card account, is subject to a fee of a certain amount for removing the overpayment.
This amount can be used to increase the available credit limit of the credit card or used directly for repayment of purchases. If there is an overpayment on the credit card, the overpayment will be deducted before the credit limit is deducted, and no overdraft will be created if the overpayment is greater than the amount spent.
Expanded Information
Characteristics of Credit Cards:
1. Pre-payment of cash is not encouraged; repayment is made after consumption; interest-free repayment period; repayment can be made in installments on one's own (with a minimum repayment amount); and joining the international credit card organizations, such as VISA, Master Card, JCB, etc., in order to be used all over the world.
2. It is one of the fastest-growing financial services today, and it is a kind of electronic money that can replace the circulation of traditional cash within a certain range.
3, both payment and credit functions. Cardholders can use it to buy goods or enjoy services, but also through the use of credit cards from the card issuer to obtain a certain loan.
4, is the financial services and computer technology in one of the high-tech products.
5, can reduce the use of cash money.
6, can provide settlement services, convenient shopping and consumption, and enhance the sense of security.
7, can simplify the collection procedures, saving social labor.
8, can promote the sale of goods, stimulate social demand.
References
Credit card - Baidu Encyclopedia
Overpayment - Baidu Encyclopedia