If you make the same amount of money, why do you have so much credit card limit?

What is the basis for the bank to grant us credit? It is mainly your personal credit report. A perfect credit report is the most perfect explanation of your past background. But your credit report is empty of data and full of flaws. It is conceivable that how can a bank give you a credit card with a large limit? Below is the investment and financial management knowledge I have collected for everyone, let’s take a look!

Why should you do it if you are just a colleague? Your credit card limit is higher than mine?

Text/Brother Hu

Two of my colleagues (Xiao Li and Xiao Zhao) received the Bank of Communications credit cards they applied for last week and can’t wait. I opened it to check the credit card limit, and the result really surprised me!

Xiao Li's credit card limit is 10,000, while Xiao Zhao's credit card limit is 20,000.

Both my two colleagues graduated in 2016, and they joined the company around the same time, with only 3 months difference between them.

Why is there such a big gap? Brother Hu learned about the situation privately and probably knows the reason.

What is the basis for the bank to grant us credit? It is mainly your personal credit report. A perfect credit report is the most perfect explanation of your past background. But your credit report is empty of data and full of flaws. It is conceivable that how can a bank give you a credit card with a large limit?

First of all, we need to know what is in the personal credit report? It mainly records the following information:

(1) Basic personal information. Including personal name, ID card information, mailing address, contact information, marital status, career information, etc.

In comparison, the two colleagues have similar situations. They have undergraduate degrees, are single, and have stable careers.

(2) Credit information. Mainly refers to loan information and credit card information. Loan information includes the loan financial institution, loan amount, loan term, repayment record in the past 24 months (including normal and overdue), etc., as well as information about the guarantee you provide for others.

This may be one of the reasons for the difference in credit card limits. When Xiao Li was in urgent need of money in 2017, he borrowed money from a cash loan company and it was overdue. Although he paid it back in the end, it may have left some marks. It just so happens that the central bank's credit reporting system now requires the reporting of overdue online loan borrower data, so some data may be retained.

Since it has not been more than 5 years, the overdue loan data may still be recorded, thus affecting the credit limit.

(3) Credit information outside the credit field. Including information on payment of utility service fees such as telecommunications, water, electricity, gas, etc.

The second reason may be here. Xiao Li has never paid for the water, electricity and coal by himself. The second landlord asks Xiao Li for money alone. Xiao Zhao pays these fees on Alipay on time and monthly. His credit record is obviously better than Xiao Li.

(4) Other information. Including personal tax arrears, civil case judgments and enforcement information, etc.

(5) Credit report inquiry records. Keep a record of who inquired your credit history, when and for what reason.

Brother Hu has done some research on increasing the credit card limit. Our Xiao Li does not need to be discouraged. There are still ways to increase the credit card limit. Take the case of my brother using ICBC credit card as an example.

When Brother Hu just graduated, his ICBC credit card limit was only 6,000 yuan. After half a year of maintaining the card, he had withdrawn 10,000 yuan. After 2-3 years of maintaining the card, it has reached the current limit of 50,000 and is relatively stable.

1. Buy bank financial products. Continue to purchase financial products and fixed deposit products. For example, buy financial products at banks, buy gold, etc., and continuously improve your credit. However, it should be noted that the financial management time should not be too short, at least three months.

2. Increase the frequency of using credit cards and maintain good repayment habits. The purpose of giving you a card is for you to use it for consumption. Only if you swipe the card frequently can the bank make money from you. It is recommended to bind the credit card to common consumption scenarios such as Alipay or WeChat, so that the bank can also see your Consumption records make it easy to raise your balance.

Remember not to be overdue. The consequences of overdue are very serious. Not only will there be penalty interest, but the credit card may also be frozen by the bank after the due date, and it will also cause credit stains.

3. Provide financial proof regularly and continuously.

For example, if you have a salary increase, bank statement certificates, the purchase of a car or a house, etc., whether it is an increase in deposits or normal liabilities, it can prove your financial ability, and the credit card limit may be higher.

1. How to manage finances with credit cards

2. Do you know which credit cards are worth having?

3. How to manage finances with credit cards

4. How to manage credit card finance. How to manage credit card finance.

5. Basic knowledge of investment and financial management

6. Five things to note about credit card finance

Why my credit card Available limit is higher than credit limit? Please give me a reply

It may be that the bank has added a temporary limit for you, or you have previously applied to the bank to add a temporary limit.

Credit card available limit: Credit card available limit refers to the maximum amount that can be used by your credit card. It includes the credit limit (that is, the maximum overdraft limit of the credit card) and the amount deposited into the credit card. The available credit limit is comprehensively evaluated based on the user's spending power and repayment status. If the credit rating is good and the repayment is timely, the bank will naturally increase the credit limit to encourage the user to spend. So there will be changes. The calculation method of credit card available limit is: available limit = credit limit approved by the bank - outstanding balance on bills that have not yet been paid - transaction amount that has not been recorded but has occurred - other related interest and fees.

Credit limit: The credit limit refers to the maximum credit amount that the card issuer can grant to the cardholder within a specified period based on the cardholder's credit status. The credit limit can be used repeatedly. In layman's terms, it can be used The amount of overdraft consumption.

Methods to increase credit limit:

1. Fully prepare various asset certificates. At the beginning of the application, because you do not have any consumer credit record with the bank, the bank will evaluate your various income assets before deciding how much credit to give you. If you want to significantly increase your credit limit when applying, you need to carefully prepare various credit documents and don't be too troublesome. You need to submit all proofs of income, house ownership, mortgage purchase certificates, car ownership certificates, bank deposit certificates or securities certificates to the bank.

2. Fill in the form details carefully. When filling out the application form, there are several small details that affect the credit limit, such as whether you have a fixed phone number in this city, whether this number is registered in your own name or the name of a family member, whether you are married, and whether you have a mobile phone number. Monthly rent, whether it is a registered residence in this city, etc. If the answer to the above is yes, the bank will greatly increase your credit evaluation accordingly. However, each condition is not absolute, but it is relatively easy to pass the qualification review and increase the initial consumption limit application, consumption credit and repayment credit. It is still the most important thing for banks.

3. Don’t forget to swipe your card anytime, anywhere. During the period of using the card, make a lot of purchases with the card. Try to choose stores with credit cards for food, clothing, housing and transportation. The more frequently you use it, the more stable your monthly consumption limit will be. Just change the original habit of cash consumption to credit card consumption. This shows your loyalty to the bank. The bank's information system will count the frequency and credit limit of your credit cards, and will automatically increase your credit limit in about half a year.

4. Repay your loans on time and maintain good credit.

Only when you owe money can you borrow money. Banks also strictly follow this ancient truth. If you don't repay on time, you will definitely have no credit. It is best to repay in full instead of just the minimum payment. The recurring interest will make you unable to bear it.

5. Take the initiative to apply for an increase in your credit limit.

After half a year of normal use of the credit card, you can actively submit a written application or call the service phone to adjust the credit limit. The bank needs approval. Under normal circumstances, it will increase it within a certain range after reviewing the consumption record and credit record. Your credit limit.

Why is the available limit of a credit card higher than the credit limit?

After the user obtains the credit limit, he applies for a loan after a period of time. At this time, due to changes in credit qualifications, the system resets. Only after the user has been evaluated and reviewed will the available limit be higher than the credit limit. This situation is very normal. The user's credit qualification will not remain unchanged forever. As long as it changes, the loan limit will also change.

Therefore, the level of credit limit does not affect the actual loan limit. When applying for a loan, the system will also conduct an review on the user, and only after this review will the final loan limit be given.

How to apply for a credit card

In most cases, citizens who have full capacity for civil conduct (citizens over 18 years old in mainland China) and have certain direct financial resources can apply to Apply for a credit card from the card issuing bank. Sometimes, legal persons can also be applicants.

Applicants for credit cards can be divided into units and individuals. Applicants should be institutions, enterprises and business units, foreign-funded enterprises and individual industrial and commercial households with independent legal person status in my country.

Each unit applying for a credit card can receive a main card and multiple (5-10) supplementary cards as needed. To apply for a credit card, an individual must have a fixed occupation and a stable source of income, and provide a guarantee to the bank. The forms of guarantee include personal guarantee, unit guarantee and personal capital guarantee.

The application method is generally by filling in a credit card application form. The content of the application form generally includes the name of the applicant, basic information, economic status or source of income, guarantor and his/her basic information, etc.

And submit certain copies of documents and certificates to the card issuing bank. After the customer fills in the application form truthfully according to the content, the customer must also submit the relevant credit certificate while submitting the completed application form.

The application form is accompanied by a contract for using the credit card. The applicant authorizes the card-issuing bank or relevant departments to investigate its relevant information, and submits a statement of the authenticity of the information, the card-issuing bank's privacy protection policy, etc., and must have an application A person's autograph.

Why should you increase your credit card limit? What are the benefits of high-limit credit cards?

The so-called credit card limit is a credit limit granted by the bank to the cardholder for overdraft, without bearing interest during the interest-free period. What makes a credit card more convenient than a loan is that it can extend credit on a recurring basis and is interest-free. Therefore, people who are in constant need tend to hold credit cards with large limits, such as people doing business.

A credit card with a low limit will not be of much use when the cardholder needs money urgently. For cardholders with frequent needs, the higher the credit card limit, the better.

Although China's personal credit reporting system is not yet perfect, when you apply for loans and other services, banks will refer to your existing loan situation and past repayment records to evaluate your personal credit. Judge the situation. A high credit card limit in your name reflects your personal financial situation and repayment ability, which can be a bonus for handling some businesses.

The monthly credit card consumption amount should be at least 30% of the total credit limit, preferably around 50%-70%; the number of credit card swipes should be more than 10, and of course the more, the better.

Be sure to find the right time to apply for a credit card limit increase. It is easier to get approved if you seize the right opportunity to apply for a limit increase. For example, after a single large purchase (the consumption amount accounts for more than 60% of the total credit card limit), immediately apply for a credit card limit increase. In this case, the bank will think that the cardholder has a high demand for credit card consumption, and the current credit limit can no longer meet his needs, and the credit limit needs to be increased. Statement: The article comes from the Internet and is only for netizens to learn and communicate. If there is any infringement, please contact us to delete it.

Why do some people have high credit card limits even though their monthly salary is not high?

A credit card limit cannot be applied for only by monthly salary. If you only rely on monthly salary to apply for a credit card, freelancers and students will not be able to apply for a credit card, but banks will not miss these high-quality users, so They don’t have people with fixed salaries, and they also have ways to apply for credit cards.

There are several ways to apply for a gold card limit. The first one can provide some cash flow. If you are a regular practitioner, such as an employee of a state-owned enterprise or a civil servant, these customers are very popular with banks. I feel that their lives are relatively stable and they do not have the risk of repayment. These people can usually apply for a high credit card limit based on their salary flow.

There are also some people who are corporate executives. Their salaries are very high and their daily consumption is relatively high, so it is effortless to apply for a large credit card. There are also some people whose salary is not high, but they still have a high credit card limit because they have a certain sense of financial management. Learn how to apply for a credit card and apply for a credit card easily.

Those with low salaries use their own fixed assets as application conditions, and use their houses or cars as collateral when applying for credit cards. When banks see that these people have the ability to repay, they will open large credit cards for them.

There are also some people who may not have high salaries but no fixed assets, and banks have also issued large credit cards to them. This may be related to their shopping habits. These people realize that large credit cards will The points are several times higher than ordinary credit cards. If you buy the same thing, you can get more preferential conditions and spend more money, so they consciously cultivate their own large-value credit cards. When developing a large credit card, they will use the credit card to pay for purchases. In this way, if your credit card record has frequent usage records and regular repayments, the bank will regard you as a high-quality customer, and based on your consumption habits and shopping They will increase your credit card limit accordingly.

Another way is if you do not have a high salary yourself, you can ask your relatives and friends with high incomes to be your guarantor. For example, your parents have high incomes and can help you act as guarantors. Once you There is no way for them to pay it back for you, so you may also get a credit card with a higher limit.

Even if you successfully apply for a large credit card, you still need to use the credit card rationally when shopping and do not blindly spend beyond your budget.

Ji Xiaotong: After MBA graduation, Yidian Information specially invites self-media people to join us

It is not easy to insist on coding on mobile phones. I hope you can help and give me a like, thank you

Why credit card limits vary from high to low

Many people only know that credit card limits vary from person to person, and it is normal to have high and low limits. In fact, as long as you only know the inside story of credit card approval, you will have an understanding of the factors that affect the limit. , you can also apply for a large credit card, so you don’t have to envy other people’s card limits. So why do credit card limits vary?

1. Personal credit record: The quality of your credit report will affect your credit card limit. A good credit report indicates your willingness and ability to repay, making it easier to gain the trust of the bank. In addition, in addition to not being overdue, the number of hard inquiries such as credit card approval, loan approval, and guarantee qualification review on the credit report should not be too many in the short term.

2. True information: When applying for a credit card, you must truthfully fill in basic personal information, but some information can be packaged appropriately. For example, in addition to actual wages, annual income can also include the discounted value of unit benefits, year-end Awards, etc., those with income can also be counted, and the position can be written as supervisor, etc., and it must match the years of service.

3. Personal debt situation: Many people often use credit cards and loans, and the credit limit is very high. Some people think it is a skill, but in fact it will increase personal debt. The higher the debt, the higher the debt. Repayment will be risky. You said that the bank will also approve large-deposit cards, and then watch your large purchases every month, and wait anxiously for you to repay on time?

4. Personal asset strength: Personal assets are a reflection of economic ability and a guarantee of repayment ability. When applying for a card, if you can provide assets such as cars, real estate, large deposits or financial product receipts, It proves that it is easier to gain the trust of banks, and banks will definitely approve large-value cards with confidence. However, you usually need to apply for a card at an outlet to provide proof of financial resources.

Of course, if the approved credit limit is not high, don’t be discouraged. Use the card well and slowly increase the limit. This is also one of the ways to get a large credit card, but it only takes time to accumulate.

This is the end of the introduction to why credit card limits are so high.