The limit of CITIC Credit Card will be reduced as soon as the credit card is repaid

The possible reasons for the reduction of CITIC Credit Card’s limit are: suspicion of cashing out, overdue behavior, long-term non-use, etc.

The reasons why CITIC Bank credit cards are reduced after repayment are:

1) Suspicion of cashing out: Cardholders often use their cards to spend money on Taobao-like websites and frequently make large transactions. Use your credit card to purchase a large number of virtual goods and more. The card issuer will consider that the cardholder is suspected of cashing out the credit card and will add the credit card to the list of suspicious transactions, and will usually reduce the limit or even suspend the card.

2) Frequent overdue behavior: Cardholders often fail to repay credit card bills on time. Banks will doubt the cardholder's repayment ability and believe that there is a greater risk of default, so they will reduce their credit Quota.

3) Long-term non-use: If a CITIC Bank credit card has not been used for more than half a year, a credit card that has not been used for a long time will not only have serious security problems, but also cause a waste of credit limit, which will easily be reduced by the bank. of.

4) Too many cash withdrawals or installments: Cardholders often use credit cards to withdraw cash or apply for credit card installments. In this way, the bank can easily suspect that they have insufficient repayment ability or use the card, and the credit limit is very likely to be reduced.

1. In early 1987, with the approval of the State Council and the People's Bank of China, CITIC Bank was officially established. The head office is located in Beijing. In April 1987, the People's Bank of China approved CITIC Bank as a state-owned comprehensive bank affiliated with CITIC Corporation. It is a subsidiary of CITIC Corporation and an independent legal person. Registered capital is RMB 800 million. Implement independent operations, independent accounting, and be responsible for profits and losses. Branches can be established at home and abroad to operate approved banking services.

2. The meaning of the CITIC Bank logo:

1) On the surface it is (China International Trust Investment Corporation, China International Trust and Investment Corporation) CITIC in English.

2) Like a pair of doors that are about to open, it represents that CITIC is at the forefront of opening up to the outside world.

3) Square inside and circle outside. Brand interpretation: The logo of integrity, dignity and steady development comes from the Chinese seal. The first meaning of the seal represents integrity. The Chinese seal was called a seal in ancient China. It is a symbol of power and dignity. It is the crystallization of the broad and profound Chinese culture for thousands of years and embodies the wisdom and positive pursuit of the Chinese people. The main color of the print is red, which also represents rise, growth and development.

What happened to the CITIC Bank credit card limit reduction?

The CITIC Bank credit card limit reduction may be due to:

1. There is an abnormality in the account. This situation usually occurs in In terms of cashing out, if you have a large number of card transactions in a certain period of time and the types are particularly concentrated, it is easy for the bank to suspect cashing out.

2. If you fail to repay your credit card overdue, and often do not repay the bank, it will not dare to lend you that much.

3. If your CITIC credit card has not been used for more than 5 months, it will be easily reduced by the bank. Credit cards that have not been used for a long time have serious security problems.

In accordance with relevant regulatory requirements, CITIC Bank Credit Card will conduct ongoing post-loan management of credit card accounts, including adjustments to credit limits. Please maintain good card usage habits. If the limit can be adjusted, the bank will take the initiative to adjust it. If you want to restore the limit of your CITIC Bank credit card, you must first find out the reason for the reduction and then solve the problem. For example, if your credit card is overdue, you should repay it on time and in full from now on. Do not call CITIC Bank after a period of time to apply for a repayment of the credit limit; if there is an abnormality in the account that is not due to your own fault, please contact CITIC Bank. The bank made it clear and asked for a good limit. If it was really caused by illegal cashing out by yourself, don't cash out anymore and use the card rationally. In short, you should use it frequently, swipe the card more and spend more, and call CITIC Bank to apply for credit limit restoration after 2 months of use.

Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the specified credit limit. The so-called credit card generally refers to a credit card only.

Starting from January 1, 2021, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. The daily interest rate is 0.7 times 5/10,000). On May 25, 2021, the Supreme People's Court issued and implemented the "Regulations of the Supreme People's Court on Several Issues Concerning the Trial of Bank Card Civil Cases".

What are the reasons why CITIC Bank credit cards are reduced after repayment?

CITIC Bank's credit card limit may have declined due to the following reasons:

First: the credit card is swiped regularly, and the card is maxed out

This happens every month Swiping your card on a fixed number of days, and maxing out your credit card every time you swipe your card. This kind of swiping behavior will make the bank think you are suspected of cashing out, and thus reduce your credit limit.

Second: Your credit card has a high limit, but you don’t use it very often.

If your credit card has a high limit, but you don’t use it very often, the bank will think you use it. If you don't have such a large limit, the bank may take back this part of the credit card limit.

Third: Late repayment

Late repayment will affect your personal credit report. The bank will think that you do not have the ability to repay, and will reduce your credit card limit.

That’s it for the introduction of why CITIC Credit Card has been reduced.