Credit card ceiling measures
The credit card ceiling measures the maximum amount that can be used or withdrawn during a monthly payment. The credit card is, in fact, a useful tool for many operations: with it you can, for example, make online payments, entering some information such as the card number and the name of the holder. Otherwise, the card can be used to pay for purchases from retailers and points of sale that have the appropriate reader. Much more trivially, a credit card is useful for withdrawing money from the ATMs of one’s own or affiliated bank: the card is in fact linked to an account on which the user’s savings are available.
Sum of payments and withdrawals
The sum of payments and withdrawals, however, has a limit, a maximum limit: the ceiling, in fact, usually calculated on a monthly basis. For example, this maximum threshold could be set at 5,000 euros, with a clause in the contract with which the card was stipulated. This means that in a given month the card cannot be used for more than 5,000 euros.
Whenever a card is used for withdrawal or payment
The reason is simple: the bank, whenever a card is used for withdrawal or payment, exposes itself to the customer. Considering that the reimbursement from the account of the disbursed figures takes place only the following month, the use of the card is very similar to a short loan, on which they also bear interest. If the client were free to spend as much as he wanted, the bank would take too much risk. Here, therefore, fixed the maximum threshold.
The term “plafond” is also used in relation to other types of cards: ATMs and prepaid cards. With regard to Bankmet cards, the ceiling corresponds to the maximum threshold for withdrawals available in a single day: this means that a sum higher than that indicated by the ceiling cannot be withdrawn in a single day. With reference to prepaid cards instead, the ceiling indicates the maximum amount that can be loaded, for example, 10,000 euros. Unlike credit cards, in fact, prepaid cards have lower management costs, but often do not allow certain features, such as sending bank transfers or, in fact, the presence of excessive numbers on the card.
When signing the contract, you must, therefore, know what the credit card ceiling is and then plan your monthly expenses carefully and carefully.