In normal times, many people will apply for several credit cards in the same bank, and then they will hear about the sharing of credit card quotas. Do you know what this means? Here's to introduce this knowledge to you, so that you can pay more attention to the daily use of credit cards.

Credit card quota sharing means that users have multiple credit cards in a bank, and the quotas of these credit cards are not superimposed but shared. For example, if a user has three credit cards in a bank, and the amount of each card is 1000 yuan, then these three cards can only use 1000 yuan instead of 30,000 yuan, which is credit card amount sharing.

Many people may apply for multiple credit cards in a bank for different reasons, such as different credit card levels and different rights and interests, which can save users a lot of money when using credit cards; Many people apply for more credits because the cards look good.

If the credit cards held by users want to achieve the effect of superposition of credit limits, they can apply for credit cards in different banks at this time, so that the credit cards held by users will be superimposed. But in normal times, users should not apply for too many credit cards, because it will bring a lot of trouble to management.

Credit cards can be repaid through mobile banking, bank counter, ATM, bank official website and other different channels. If users use a third-party platform to repay credit card arrears, the platform may charge a certain fee. At this time, we must pay attention to the cost of repayment, but also pay attention to the delay in repayment.

When the credit card cannot be repaid on time after use, installment repayment or minimum repayment amount can be used. Both of these repayment methods can effectively reduce the monthly repayment amount, but you need to pay a certain fee. It should be noted that all the spare money can be paid off, saving interest expenses. It should be noted that overdue repayment of credit cards will affect personal credit information.

What does credit card quota sharing mean? The same bank limit.

Many card friends have asked what credit card quota sharing means. Cardholders who often use credit cards will know what credit card quota sharing is, so today I will systematically explain to you what credit card quota sharing is.

What does credit card quota sharing mean: the same cardholder has handled multiple credit cards in the same bank, but the bank only has one quota for the cardholder, so the quota of all cards of the cardholder is shared, that is, if this card is swiped, the quota of that card will be less.

For example, you initially applied for a 1 credit card at China Merchants Bank, and the fixed amount of the card is 50,000. After a while, China Merchants Bank bought another credit card with a strong discount, and then you applied for a credit card of 1, and the credit limit of the second credit card was also 50,000 yuan. At this time, 1 card and 2 cards share the credit card limit. When you swipe 20,000 yuan with card 1, the fixed amount of card 2 is only 30,000 yuan.

Most banks share credit card limits, which is a measure taken by banks to control risks. Because the bank gives credit card holders a fixed amount according to their financial situation, if there is no credit card amount sharing, and a credit card amount is 30,000, then applying for five cards can overdraw10.5 million, but this far exceeds the repayment ability of the cardholders, which is very risky for the bank.

Regarding the significance of credit card quota sharing, I believe that all card friends are well aware. In the credit card column, just click.

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What does it mean to share the limit of two credit cards?

Sharing the credit line of two credit cards generally means that the cardholder has two credit cards in the same bank, and the credit line of all credit cards cannot exceed the highest one. For example, he has two credit cards in China Construction Bank. The credit limit of one card is 10000 yuan and the credit limit of the other card is 8000 yuan, so the maximum credit limit of the cardholder is 10000 yuan, and the total consumption of the two credit cards cannot exceed 10000 yuan. This is credit card quota sharing.

Credit line sharing between two credit cards also occurs between the main card and the auxiliary card. The credit lines of the main card and the auxiliary card are shared. The main card can set the credit line of the auxiliary card, for example, the credit line of the main card is 5000 yuan, and the credit line of the auxiliary card can be set to 2000 yuan. In short, the credit limit of the secondary card cannot exceed the credit limit of the primary card. Supplementary cards are usually handled by parents for their children (they can also be used by others), which can effectively monitor children's consumption.

Two independent credit cards of the same bank share the quota when spending, but they will be recorded separately when entering the account, and will be repaid separately when repaying; The consumption of the secondary card is charged to the main card, which can only be repaid by the main card, but the annual fee of the secondary card is generally half of that of the main card, which can be reduced or exempted according to the number of swipes.

In fact, there is no need to apply for two credit cards in the same bank except the main card and the auxiliary card. After all, the quota will not overlap, and it will increase the difficulty of handling cards. If the repayment date is confused, it will have a great impact on personal credit information, so it is best not to apply for two credit cards in the same bank at ordinary times.

If you want to achieve the effect of overlapping credit lines through multiple credit cards, it is best to apply for credit cards from different banks, so that you will get the effect of overlapping credit lines when using them. Although your credit limit is relatively large, you must be careful when using credit cards to prevent you from being unable to repay in time after excessive consumption.

So much for the introduction of why credit cards share credit lines.