Credit cards are very important to people today. Most people are accustomed to using credit cards to pay when shopping, and sometimes they will apply for a temporary limit. So is there a minimum repayment for the temporary limit? Let’s take a look at the relevant answers.

Is it possible to make minimum repayments on a temporary credit card limit?

No. After the credit card temporary limit expires, the used temporary limit (the portion exceeding the fixed limit) does not enjoy the revolving credit facility and will be included in the minimum payment amount of the latest bill and must be paid off in one lump sum on the due payment date.

For example, if you apply for a temporary limit of 3,000, the part used will be included in the minimum repayment amount and needs to be paid off in one go.

If you fail to repay the minimum payment on your bill in time before the payment due date, late payment fees and interest will be charged, and your personal credit will be affected.

What is the general temporary limit for a credit card?

When you apply for a temporary limit for a credit card, the bank will generally approve it for you based on your needs and comprehensive qualifications. Basically, you The credit limit on a credit card is around 20 to 30.

There is no clear requirement for the application time for the temporary credit limit. After the validity period of your credit card temporary limit has expired, you can apply again after paying off the temporary limit. The validity period of the credit card temporary limit is generally Between 30 days and 45 days.

The above is the relevant answer on whether the temporary limit of credit card can be repaid at the minimum. I hope it will be helpful to everyone.