Recently, there has been a lot of technical information on how to apply for a card and increase the credit limit. As long as your card usage is not too bad, your credit limit can be increased. Even if the card application is always rejected, there are still ways to crack it.

But yesterday, a cardholder mentioned a problem of his own. When he was increasing his credit limit, he was told by the bank that because the total credit limit of his bank was too high, it was temporarily unavailable. We will help you increase your credit limit.

Cardholders do not encounter many situations like this, but such situations do exist. If the total credit limit of another bank is too high, Is it not possible to apply for a quota increase? There are also ways to crack it,

To crack the total credit limit, you must first understand what the total credit limit is. Some people say that the total credit limit is given by the People's Bank of China. It is based on the upper limit of the total bank credit card limit that you can hold (this also includes our loans).

In fact, this statement is wrong! The total credit on the People's Bank of China's financial report is the sum of the credits currently granted to you by all banks, and is a reflection of an established fact. The financial report only shows summary information on liabilities, and is not an upper limit on your personal credit limit set for risk control.

This upper limit is not fixed. Banks will give different upper limits based on each person’s qualifications. Why do they control the total credit limit? I believe that many cards Friends all understand,

When the bank approves your credit card, it evaluates your overall personal situation (this includes work, age and income, family situation, and workplace). properties are also within the scope of consideration).

Here we have shared with card friends that banks have their own set of calculation formulas to estimate your future income and growth ability. After working backwards, Then you will know how much credit can be given to you at the moment.

Everyone is an individual. In order to control risks, banks have an invisible line for everyone. This line is the risk control line.

It changes according to the changes in your asset status over a period of time. Generally, 500,000 to 600,000 is the upper limit, and the specific limit is There are fluctuations.

What causes the total credit limit to be too high?

1. Debt ratio

There is a calculation formula for the debt ratio, which was also discussed with card friends in the previous periods. Shared,

Debt ratio = (minimum monthly credit card repayment amount + monthly loan repayment amount) / your monthly income

If the debt ratio is too high (for example, greater than 70 %), the bank has a high chance of rejecting you.

2. Too many credit cards

Some cardholders prefer to apply for more credit cards. We have always They all encourage cardholders to use more cards and apply for fewer cards. This is not only considered from the perspective of risk control, but also many banks have such unspoken rules that they will no longer approve you once the number of card holders is too large.

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Either your qualifications are not good, or the bank has such regulations. For example, with China Construction Bank, as long as you have more than four credit cards, they will basically be rejected during the application process, and there will be basically no limit increase. Many cardholders cannot afford it even if they have hard assets such as houses and cars.

3. Credit utilization rate

This There is a certain overlap with debt. It won't work if you use too much, and it won't work if you use too little. This depends on the individual. This is why a six-month quota increase cycle is required. You need to refer to your average quota usage level in these six months.

If your card is always maxed out, or the limit given to you is always used very little, it is too risky to max out the card frequently, and it is too risky if you don’t use it. It is a waste of bank resources, so what we have to do is to grasp the extent of use,

4. Try not to touch online loans

< p> Online loans emerged with the rise of Internet technology. Although it is still a loan, the amount is too low and the interest rate is high.

If such a loan is also used , then it proves that your capital shortage is risky. Banks are also engaged in loan business, so they hate such peers, so try not to behave like this.

Then How to solve the problem that the total credit limit is too high?

1. If you have too many credit cards, you can appropriately eliminate some of the credit cards that are not used frequently and reduce the number of credit card accounts.

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2. Reduce the debt ratio. The methods of reduction are explained in detail on our membership platform. Kayo can go to online learning to learn more.

3 , If the card is not used well for a long time, it can be divided into installments appropriately. This is also an important way to reduce risks. It should not be too many, just appropriate.

4. Moving bricks is one of the best ways to prove yourself.

5. Master the sequence and skills when applying for a card. There are many in the previous sharing. As mentioned before,

I will share it here today. If you have any specific questions or want to know more technical explanations, you can come to Yisheng Card Club and Xiaoyi communicates and consults!