The limit applied for after a credit card is canceled may not be the same as before.

Applying for a limit after canceling the credit card can be divided into the following three situations:

1. The card is successfully approved and the application limit is the same as before

After the credit card is canceled If you apply again, if the information submitted is exactly the same as the previous card application information, and the current credit status has not changed, if the card is successfully approved, 90% of the credit limit will be the same as the previous card limit.

2. If the card is successfully approved, the limit will be lower than before

After canceling the credit card and applying again, the limit may be lower. Because even if the bank can approve the card, the bank will take into account your previous experience of canceling credit cards and will not issue a credit card with too high a limit. Instead, the approved credit limit will be lower.

3. After canceling the credit card, you cannot cancel the card or apply for a credit limit

If you cancel the credit card and then apply, whether you can cancel the card is also a problem. If you cancel the credit card and then apply, the card can be approved smoothly. Less than 70%. There are two main reasons for rejection. First, the bank is afraid that the applicant will be suspected of using the card maliciously after applying; second, the bank is afraid that the applicant will cancel the card soon after the card is approved, so it directly refuses to reduce waste costs.

Extended information:

The credit card limit is comprehensively assessed based on the financial proof and other information submitted during the initial review. During the use of the credit card, if you maintain good consumption and repayment records, the bank will not Actively increase the fixed amount regularly.

Tips to increase your credit card limit:

1. Swipe your card more often and ensure full repayment

The monthly credit limit should be at least 50% of the credit limit , and guarantee full and on-time monthly repayment. After a period of time, the bank will think that you really need the card and have a certain ability to repay it.

2. Deposit money - swipe the card

If conditions permit, you can use this credit card in the cycle mode of "deposit money - swipe the card - save money - swipe the card", which will not only be effective Increase your card limit and build up good personal credit.

3. Apply proactively

Generally speaking, after half a year of normal use of a credit card, you can proactively apply by calling the bank’s customer service to adjust the credit limit. After your quotation is rejected, you can try again after a day or two, and you will often be pleasantly surprised. If it still doesn't work, wait until next month and try again. But be careful not to apply frequently. Frequent applications will result in frequent post-loan management records appearing in the credit report, which will be detrimental to your credit limit increase.

4. Bill installments

If you urgently need credit limit on your credit card, installment repayment may be a good choice. For example, when you make an overdraft, even if you have the ability to repay the loan in full, you may wish to choose one or two bill installments. Although this allows the bank to earn handling fees, it can improve your credit rating.

Reference material: China Merchants Bank—How to increase credit card limit