Reason one: the credit ratio is too high.
Customers have multiple credit cards in other banks, but each card is maxed out every month, and there is not much available amount in each period. There are even a few overdue payments, and then apply to the bank for a credit card, which may be subject to a small amount of approval. The credit ratio refers to the sum of the credit line of each credit card in the customer's name/the sum of the approval line of each credit card. If credit rationing is too high, it means that customers rely too much on credit cards.
Reason 2: The debt ratio is too high.
The debt ratio refers to the sum of the monthly credit line of each credit card under the customer's name/the customer's monthly income. The debt ratio is too high, and the customer's monthly income is not enough to pay back the credit card. Customers may have overdue payments, and banks are unlikely to approve large credit cards.
Reason 3: The credit ratio is too low.
If customers seldom use their cards, banks may not give them large sums of money. If there are multiple credit cards in the customer's name with a cumulative amount of 200,000, but only one card is used every month, and the cumulative credit card amount is only one or two thousand or even less, then the bank may think that the customer does not need a large credit card.
Extended data:
The low credit card limit of the bank you applied for is mainly influenced by other factors, such as whether you have a stable job and whether your personal credit history is good, which are all conditions for limiting the credit card limit or applying successfully.
Comparatively speaking, the income is stable and lasting, and it is less likely to be interrupted and stopped. The credit card has been used, and the monthly repayment is normal. With moderate credit and debt ratio, it is easier for customers to apply for credit cards and the amount is larger.