if it is influential, it can be repaid normally if it is frequently maxed out. It shows that the consumption ability is strong and the repayment ability is strong. The bank may take the initiative to increase your credit limit. If there are too many loans and the salary is not very high, it will lead to insufficient repayment ability and the approval will not come down. The general loan application is still comprehensively evaluated in combination with the business variety, personal repayment ability and credit status of the current application.

Introduction of credit cards:

Credit cards are divided into debit cards and quasi-credit cards. Credit card refers to a credit card in which the issuing bank gives the cardholder a certain credit line, and the cardholder can spend first and then repay. Quasi-credit card refers to a credit card in which the cardholder first deposits a certain amount of reserve fund according to the requirements of the bank, and when the reserve fund is insufficient to pay, it can be overdrawn within the credit limit stipulated by the issuing bank.

Definition of credit card limit:

Credit card limit, also known as credit card available limit, refers to the maximum amount of credit card you can use, which includes credit limit (that is, the maximum overdraft limit of credit card) and the amount deposited in the credit card. The credit limit of a credit card is positively related to the income and secured assets of the applicant, that is, the higher the income and secured assets, the higher the credit limit. Therefore, the applicant must provide proof of income, provident fund social security, and asset guarantee statement. Asset guarantee includes fixed assets such as real estate and automobiles, as well as current assets such as savings and bonds.

Definition of credit card overdraft:

Credit card overdraft is a short-term overdraft given by the credit card issuer to the cardholder within the specified limit when shopping with the card. For credit cards, it is allowed to "consume first, then repay", and overdraft is an important feature. For debit credit cards, it should be "deposit first, then spend", but on the premise that it is determined to be an overdraft in good faith and repayment is guaranteed, the cardholder is also allowed to overdraw an appropriate amount in a short period of time when the money is urgently needed. Overdraft interest is generally much higher than bank loans in the same period, and card issuers also have a set of measures to prevent and recover overdraft risk losses.

Definition of loan:

Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other lending funds. Banks put the concentrated money and monetary funds out through loans, which can meet the needs of society to expand reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.