If you are applying for a new card, the credit card limit will be analyzed based on the cardholder’s personal credit score, personal assets, income and other comprehensive scores; if it is a credit card that is already in use, the bank will also Actively adjust the credit card limit based on the cardholder's card usage, repayment history, and credit history.

Credit card limit, also known as credit card available limit, refers to the maximum amount that can be used by your credit card. It includes the credit limit and the amount deposited into the credit card. So, what is the limit of a credit card? The editor below will take you to understand the credit card limit issue.

Factors that affect the credit card limit

The limit of any credit card depends on the effective income and asset security value provided by the individual during the application process. The credit limit of a credit card is positively correlated with the applicant's income and secured assets, that is, the higher the income and secured assets, the higher the credit limit obtained.

Therefore, applicants must provide proof of income and statement of asset security. Asset guarantees include fixed assets such as real estate and cars, as well as current assets such as savings and bonds.

How much is the credit card limit?

Generally, credit card limits are divided according to levels, such as regular cards, gold cards, and platinum cards. From low to high, the more advanced the card, the higher the limit. Of course, different card issuers have different regulations. Generally, the limit for regular cards is 0 yuan to 10,000 yuan; the limit for gold cards ranges from 10,000 to 50,000 yuan; and the limit for platinum cards is more than 50,000 yuan.

Many cardholders also said that the limit is not certain. Depending on the asset status of the cardholder, the limit may be higher or lower. This means that the limit may be higher or lower. It depends on the credit card holder.

Repay in full to avoid recurring interest

Although banks emphasize the interest-free period when popularizing credit cards, most people do not understand the rules of the interest-free period. I wasn't very clear about it, so I spent a lot of money in vain.

For example, during the Spring Festival, Xiao Zhang paid 4,000 yuan with a credit card to buy a new mobile phone. When the repayment was made, there was only 3,999.7 yuan in his account. After the bank deducted the money, Xiao Zhang still owed the bank 0.3 yuan. .

Perhaps this is nothing in real life, but banks do not think so. If consumers do not repay the loan in full, they must pay interest and do not enjoy the interest-free period (daily interest = that day) Remaining outstanding amount * interest rate). It is recommended that everyone repay the loan in full to avoid greater losses.