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 credit limit (that is, the maximum overdraft limit of a credit card) and the amount deposited into the credit card. .

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, provident fund social security, and asset guarantee statements. Asset guarantees include fixed assets such as real estate and cars, as well as current assets such as savings and bonds.

Tips for increasing credit limit

1. Continuous and frequent credit card consumption

Persistence means that after you have a credit card, you must insist on long-term credit card consumption, preferably three consecutive times. The credit card consumption limit is generated every month for more than three months. Don't use it for a period of time and then freeze it for a long period of time.

Frequency means to swipe your card wherever you can, no matter how big or small the amount is. The more times and merchants you use, the better. If you swipe your card all at once, it will be easy for the bank to think you have a credit card. It is difficult to raise the amount due to suspicion of cash withdrawal.

2. Pay attention to the amount of credit card swiping and the temporary limit increase

Pay attention to the amount of credit card swipe and make full use of the temporary limit increase.

3. Persist in applying and seize the opportunity to apply

Persist in applying and seize the opportunity to apply, a two-pronged approach. For credit card users, you can insist on using the phone to apply to increase the credit card limit, because different customer service or staff have slightly different attitudes and principles when processing applications in this area. Maybe they failed the previous one but passed the next time, and Keeping a record of your phone application will also help you apply for a quota increase in the future.

Use attention skills

Repay in full to avoid recurring interest

Although banks emphasize the interest-free period when popularizing credit cards, most Some people are not very clear about the rules of the interest-free period, and thus spend a lot of money in vain.

Temporarily increase your credit limit to avoid maxing out your credit card

In fact, every credit card has a hidden over-limit limit. When you max out your credit card, it is easy to use the over-limit limit. , and once you use the over-limit limit, it means you have to pay a high over-limit fee.

The minimum repayment amount must be sufficient to avoid late payment fees

In daily life, we often encounter problems with capital turnover. At this time, we can choose to pay the minimum repayment limit, so as to ensure that our personal credit record will not be affected, and at the same time, we will not incur too many late fees. However, special attention should be paid to the fact that the minimum repayment amount must be paid in full, otherwise you will encounter high late payment fees.