When applying for a credit card, the bank will give you a credit limit within which transactions can be made. So can the credit card limit be used up in full? Let’s take a look at these contents.

Can the entire credit card limit be used up?

Yes. However, it is not recommended that the holder swipes it all at once. If the limit is swiped all at once, the bank may think that the cardholder is making a malicious withdrawal and may supervise the card or restrict the processing of the card in serious cases. Cardholders should use the card responsibly and not attempt to cash out or conduct other high-risk transactions.

Will the cancellation of a credit card affect the credit report?

The cancellation of the credit card itself will not affect the credit report. Only the overdue repayment of the credit card will have an impact on the personal credit report. adverse effects. Credit card cancellation is usually an operation performed by the user if he no longer wants to use the credit card. The prerequisite for credit card cancellation is to pay off the bill. If the bill has not been paid off, the credit card cancellation business cannot be processed. . Usually, there are two main situations where credit cards will affect credit reporting. One is that users have incentives for overdue repayments when using credit cards. The second is to forcefully cancel the credit card if you default on the credit card balance. Of course, the second situation will basically not happen. The prerequisite for canceling a credit card is to pay off the bill.