When applying for a credit card for the first time, what is the limit?

In the initial review, the credit limit is comprehensively assessed based on the information attached by the cardholders when applying, and then combined with the specific circumstances of the cardholders. The specific credit limit is subject to the review results. The credit limit (fixed limit) of a China Merchants Bank credit card starts from 1,000 yuan or the equivalent in US dollars, and the upper limit is 50,000 yuan or the equivalent in US dollars.

Generally, the fixed limit range for regular cards is 1,000 yuan to 10,000 yuan, and the fixed limit range for gold cards is 10,000 yuan to 50,000 yuan. The limit of a platinum card is generally a fixed limit of 50,000 yuan plus a temporary limit that is actively adjusted for everyone every month. At that time, the combined limit of the two parts can be used for swiping the card for consumption.

Generally speaking, there will be no obvious difference in the credit card limits of various banks. As far as individuals are concerned, it mainly depends on the degree of creditworthiness. Generally, you need to provide ID card, proof of work income (general banks have standard samples), Contact number of yourself and your relatives, address and phone number of your workplace, and living situation. The credit card limit will be based on your annual income and workplace status. The higher the comprehensive score, the greater the success rate of applying for a credit card and the higher the limit. Statement: The article comes from the Internet and is only for netizens to learn and communicate. If there is any infringement, please contact us to delete it.

What is the general credit card limit?

The credit card limit is determined by the bank based on the applicant's credit conditions and the card level applied for. It generally follows the standards:

1. Credit card limit: between 0-10,000 yuan;

2. Credit card gold card limit: between 10,000-50,000 yuan;

3. Platinum card and above : More than 50,000.

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.

Repay in full to avoid recurring interest

Although banks emphasize the interest-free period when popularizing credit cards, most people do not understand the rules of the interest-free period. I wasn't very clear about it, so I spent a lot of money in vain. For example, during the Spring Festival, Xiao Zhang paid 4,000 yuan with a credit card to buy a new mobile phone. When the repayment was made, there was only 3,999.7 yuan in his account. After the bank debited the money, Xiao Zhang still owed the bank 0.3 yuan. Maybe this is nothing in real life, but banks don’t think so. If consumers don’t repay in full, they must pay interest and do not enjoy the interest-free period (daily interest = interest rate on the remaining outstanding amount of the day). It is recommended that everyone repay the loan in full to avoid greater losses.

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. Many consumers are not able to grasp the purchase process well and often max out their credit cards. It is recommended that you apply to the bank in advance to increase the temporary limit. This will not only avoid maxing out your credit card, but also increase your credit limit.

What is the general limit for a bank credit card?

It is usually 3,000 to 6,000 yuan.

Applying for general credit card business is relatively simple. You only need to provide a stable employer and personal ID card to apply for general credit card business. However, the limit for ordinary cards is not too high, usually between 3,000 and 6,000 yuan.

If you want to apply for a credit card with a higher limit, you need to provide various proofs of personal income and property such as a stable job, salary certificate, credit rating, etc. The application is more difficult, the review is more stringent, and the chance of success is low.

Extended information

For increasing the credit card limit, in addition to increasing the temporary limit, the credit card limit can also be increased based on the cardholder's credit standing, asset certificate, etc.

It is best if the cardholder’s monthly bill consumption is at least 30% of the total amount. The timing of the quota increase is also important. It is most effective to apply on billing day or when your card has just been maxed out. In addition, cardholders need to continue to consume, and the bills for swiping the card must last for 3 consecutive months without interruption. That is, if there is consumption every month, the limit can be increased.

Having a credit card limit that is too high is not necessarily a good thing. Under normal circumstances, the monthly debt limit of the cardholder should not exceed 25% of the monthly income. If the cardholder's monthly debt limit exceeds 30, he will face the risk of being unable to repay in full or damaging his credit rating, resulting in a bad credit record. She said that bank credit card holders should increase their credit limit based on their income and financial resources.