Credit line refers to the credit line granted by the bank to its basic customers, that is, the enterprise can circulate so much money within the specified time.
Reason for credit card limit of 0:
First, the comprehensive score is not high.
When the bank examines the applicant, if the applicant meets the application conditions, but the comprehensive score is not particularly high, but it has development potential, the bank will still approve the card for the applicant, but in order to reduce its own risk, the bank will approve the card for the applicant with a quota of zero.
Second, quasi-credit cards.
When people apply for a credit card, sometimes the bank will grant the applicant a quasi-credit card, but if you don't enable the overdraft function of the card, the credit limit of the card is 0.
Third, overdue or excessive consumption.
In the first two cases, the credit limit is 0 when you apply for a card, and in another case, your credit card itself has a credit limit, but you overspent and emptied your credit card, resulting in a credit limit of 0. Or overdue for a long time, the bank will reduce your card limit to 0.
Extended data:
Solution of credit line 0:
First, save first and then spend.
If you apply for a card, the amount is 0. Of course, credit cards can still be used. If you get a card with a limit of 0, you don't have to cancel it in a hurry. You can choose the way of saving first and then returning. Do you deposit it in the card before spending it?
And after using the card for a period of time, you can apply to increase the credit limit of the card. Generally, the temporary credit line can be revoked after 3 months, and the fixed credit line can be revoked after 6 months. The amount of the card will gradually increase as you use it.
Second, repay as soon as possible.
If the card is emptied and the limit is 0, you can overdraw a part of the limit. Of course, it is best to repay as soon as possible. Repay as soon as possible, and the line can be used when it is restored. The same is true if the limit is 0 due to overdue. Repay as soon as possible, and use it after the quota is restored.
References:
Baidu encyclopedia-credit line