Do you know the most appropriate credit limit for credit cards?

Do you know the most appropriate credit limit for credit cards?

For this question, let me first give you a picture to look at:

Why is it recommended to reserve more than 20% of the quota?

1. If the limit is too low, the number of card swipes per month will have to be increased, which will require equipment and increase the number of card swipes per day for each card. If the billing date is urgent, it will result in a high payment. After that, you have to withdraw it immediately, which makes it easier to risk;

2. The reserved amount is enough, whether it is for other uses of our other money, or because it cannot be alleviated through this method, This is not difficult to do.

3. The smaller the credit limit, the higher the skill requirement for card playing. If you cannot use it effectively, it may be counterproductive, because using the card to support the card is actually the same as what we say: tear down the east wall to make up for the west. The wall is the same, but the angle is different, it's just whether you can play or not.

Save enough credit and give yourself a chance to breathe

As of now, nearly 500 million credit cards have been issued nationwide, and at least 5% of our partners are basically in a state of collapse. On the verge of repayment, this group of people will have risks such as debt crisis and overdue payment if they are not careful.

If you are already in or about to be in this state, then please take out 20% of your credit card credit limit and leave it alone, so as to give yourself some time and energy to resolve the financial crisis. In other words, if you have a total credit limit of RMB 50,000, keep at least RMB 10,000 of your credit limit to repay the credit card. Do not use this amount for consumption.

How to plan:

1) Sort out the credit cards in your hand and stagger the repayment time of the credit cards!

2) Develop a card-for-card plan! It is mandatory to allocate 20% of the funds for turnover.

3) The most important thing is: make good life plans, work hard, increase sources of income, and slowly resolve the debt crisis.

There are a few details that need to be avoided here:

1) Try not to pay back the money in one lump sum and wipe it out after a few strokes. This will make you financially nervous and be the focus of the bank. Risk control objects. Try to simulate the rules of life as much as possible.

2) Try to use the standard rate POS machine to swipe your card, and make installments appropriately. You would rather let the bank make more money than try to save handling fees, especially because many partners think they are smart and use all the cards at low rates. , the bills that come out are all for water, electricity, gas, etc.

At this time, the key point is to consider how to avoid being reduced by the bank. Once the card is reduced and blocked, you will need to repay in advance, which will completely disrupt your cash flow! As long as the bank does not reduce the limit, you can at least repay the credit card debt, which can be swiped out again, and you will bear a credit card processing fee. You will not have to worry about it for a short time, and you will have more energy to work and increase your income source!

How much is the appropriate credit card limit? Look for this value!

As we all know, credit cards issued by banks have an initial credit limit, and the credit limit is not fixed. If the cardholder has good card usage habits when using the credit card, the bank may actively increase the limit of the cardholder's credit card. But not all cardholders need as much credit card limit. How much credit card limit is appropriate?

How much is the appropriate credit card limit?

From a practical perspective, generally cardholders can actively apply for a credit limit increase after using their credit card for more than 3 months. The initial limit of many cardholders is not high, but because they have used the credit card for a long time and repaid the loan on time, the bank will take the initiative to increase the limit for the cardholder.

Many users have some concerns when using credit cards. If they do not use their credit cards often, or have a lot of unused credit every month, the bank may feel that the cardholder does not need so much. quota, thereby reducing the quota. If the cardholder uses the credit card frequently and uses up the credit card limit every month, the bank may directly reduce the credit limit for the sake of fund safety.

When using a credit card, cardholders must pay attention to reserving some credit limit. According to feedback from bank staff, it is best to reserve about 20% of the credit card limit. Reserving 20% ??means that the credit limit required by the cardholder is similar to the credit limit granted by the bank, and if it is just 20% more, it means that the cardholder is not a "money earner". This can help cardholders increase their credibility with the bank.

However, what everyone needs to pay attention to is that if the credit card limit given by the bank to the cardholder is too high and exceeds the cardholder's income level. It is recommended that cardholders should not make impulsive purchases to avoid taking on a large amount of debt, which may lead to excessive repayment pressure or even overdue payments.

The above is the sharing of relevant content on "How much is the appropriate credit card limit?", I hope it can help everyone!

The best balance to keep on a China Merchants Credit Card

20%.

It is best to reserve 20% of your credit card limit.

The credit card account balance refers to the credit card overdraft limit, in addition to the credit card available limit and the credit card is a negative number. When the credit card account balance is a negative number, it means that funds have been deposited into the credit card, resulting in an overpayment. When using it, the overpayment will be deducted first, and then the credit card account limit will be deducted.

How much is appropriate for a credit card with a limit of 9,000?

A suitable amount for a credit card with a limit of 9,000 is 1,800. It is best to keep about 20% of the fixed limit on a credit card, so a credit card with a limit of 9,000 is suitable to keep 1,800. According to feedback from bank staff, it is best to reserve 20% of your credit card limit. Reserving 20% ??means that the credit limit required by the cardholder is similar to the credit limit granted by the bank, and if it is just 20% more, it means that the cardholder is not a "money earner". This can help cardholders increase their credibility with the bank.

Let’s talk about the appropriate amount of credit card limit here.