How much can I borrow from my new credit card?
Cardholders want to borrow money by credit card, generally there are two ways, one is to apply for cash advance by credit card, and the other is to apply for credit card loan. Credit card loan is an additional key installment service provided by banks, and borrowers need to hold credit cards issued by banks to apply for loans. The maximum loan amount that a new card can apply for is 300,000 yuan.
Generally speaking, you can't apply for a loan with a newly issued credit card. However, many banks have credit card loans, such as angel loans under the Bank of Communications. After the borrower successfully handles the card, he can go directly to the bank outlet and activate the credit card credit line and angel loan line at the same time. When a cardholder uses a credit card to spend money or apply for a loan, he can repay the money directly in the credit card.
What is the maximum amount of credit card loan?
If the cardholder chooses a credit card to borrow cash in advance, half of the maximum credit line that the credit card can apply for is the cash withdrawal amount. Cardholders who choose to borrow by credit card can apply for a loan amount of up to 500,000 yuan.
How much credit a cardholder can apply for depends on his comprehensive qualifications. If you want to apply for the highest possible amount, cardholders can find ways to establish business contacts with banks, such as regular savings.
The above is the sharing of "How much can I borrow from my new credit card". I hope I can help you!