Friends who have used credit cards know that the bank will adjust the credit limit irregularly according to the cardholder's credit status and card usage, and the cardholder's card usage plays an important role in it. If you use the card well and repay it on time, the probability of withdrawal is high. If the card is not used well and expires, it will not only be hopeless, but will be reduced.
As mentioned earlier, the reduction of overdue credit cards depends on the time. Generally, the overdue time is not long, and the money will not be reduced as long as it is paid back in a week or so. If the overdue time exceeds 1 month, especially if there are continuous overdue, you should be careful, and the probability of reduction this time is relatively large; If the overdue time exceeds 3 months, the reduction is affirmative, and the card will be blocked in serious cases.
So will the credit card be restored after the overdue reduction?
It is possible to recover the credit card after it is overdue, but it mainly depends on your subsequent use of the card. After all, credit cards have to go through a process of raising the amount from the reduction of the amount to the recovery of the amount. If you want to increase the quota, the most important thing is to pay off the arrears, and then gradually increase the quota by increasing the number of credit cards and consumption. During this period, there shall be no overdue.
However, regardless of whether the credit card can be restored to the previous limit after it is overdue, the cardholder must continue to use the card after paying off the arrears for at least 2 years, repay each bill on time and keep a good repayment record. The purpose of this is to reduce the impact of overdue and prepare for the elimination of bad credit.