This means that your available limit has been used up. If the bank does not increase the limit for you, you will not be able to use this card before you repay it, which means that it has been maxed out. If you max out your balance, you must repay it within the stipulated time. If it is overdue, the following consequences will occur.

Consequences of overdue payment

1. Liquidated damages are incurred, which are generally 5% of the minimum repayment amount and the unpaid portion.

2. The interest is high, and the interest is compounded. The interest rate is very scary when the debt is large.

3. Overdue credit records will be stained, resulting in the inability to handle financial needs such as house purchases and loans within the next two years.

4. If the payment is overdue for more than 3 months, and the amount exceeds RMB 10,000, and the bank has failed to pay multiple reminders, you will not only have to bear the repayment, but may also bear criminal liability.

Extended information:

Techniques for increasing credit limit

1. Continuous and frequent credit card consumption

Persistence means that after having a credit card, To insist on long-term credit card consumption, it is best to have a credit card consumption limit every month for more than three consecutive months. Do not use it for a period of time and then freeze it for a long time.

Frequency means swiping credit cards wherever possible, regardless of the amount. The more times and merchants you use, the better. If you swipe cards all at once, it will be easy for banks to think you have a credit card. It is difficult to raise the amount due to suspicion of cash withdrawal.

2. Pay attention to the amount of credit card swiping and the temporary limit increase

Pay attention to the amount of credit card swipe and make full use of the temporary limit increase.

3. Persist in applying and seize the opportunity to apply

Persist in applying and seize the opportunity to apply, a two-pronged approach. For credit card users, you can insist on using the phone to apply for increasing the credit card limit, because different customer service or staff have slightly different attitudes and principles when processing applications in this area. Maybe they failed the previous one but passed the next time, and Keeping a record of your phone application will also help you apply for a quota increase in the future.

4. Use the threat of card cancellation or sleep suspension

Use the threat of card cancellation or sleep suspension. After you have made multiple applications and been rejected, you can consider using this trick. Just tell the bank's customer service or staff directly. If the credit card limit cannot meet the actual needs, they will consider canceling the card. It is best to show some In fact, of course, the attitude should not be too bad. It is best to be soft but hard, so that you can easily gain room for negotiation and maneuvering.

Baidu Encyclopedia-Credit Card Limit

Baidu Encyclopedia-Credit Card