Why does the Knowledge Credit Card never increase its limit? See if you encounter these minefields!

After applying for a credit card, the limit is usually relatively low. If you want to get a high limit, you need to use the card later to increase the limit. The time limit for the first credit card withdrawal varies from bank to bank, but it is generally around 6 months. However, many friends said that they have been using their credit cards for several years and have not raised any limit. What is the reason? See if you have touched these minefields with cards!

1. Swipe a large amount of credit card

In order to solve their urgent needs, many friends will choose to use a large amount of credit card money. This is actually a credit card cash-out, a large amount of cash or cash withdrawal. , is a big minefield for raising your forehead.

2. The frequency of credit card swiping is low

Credit cards require a certain sense of existence before the credit limit can be increased. If you only swipe once in a while, the bank will think that you have no need to use the card. It's also a waste to raise your quota. Generally speaking, the number of credit card swipes per month is more than 6 times.

3. Credit card swiping without points

The current online payment industry is developing well. Many friends choose to pay online with credit cards, but most of them do not have points, and there will be no points for a long time. Swiping your card is also a minefield. Credit cards without points are frowned upon by banks.

4. Early repayment in installments

Credit card installments are one of the major sources of bank loans. If the credit card never pays off in installments or repays in installments in advance, it will not only not reduce your own risk. The repayment pressure is still there, the handling fee is still charged, and it leaves a bad impression on the bank, so it would be strange for them to raise your limit.

5. Frequently purchase virtual goods

Credit cards used to purchase game points or game equipment are not welcomed by banks. If the amount is large, there are If you are suspected of cashing out, your card will be blocked directly.

6. Information changes frequently

The bank’s determination of a person’s qualifications is also closely related to changes in information. This is the same as Sesame Credit Score. Change your mobile phone number and phone number frequently. The person whose residence address is proved to be unstable. If unstable, the risk is greater and it is difficult to withdraw the amount.

7. Suddenly make a large amount

If you have never swiped your card very often, and suddenly you swipe your card like crazy, or even spend a large amount, the bank will think that your consumption situation is unstable. Or there is a problem with the economic situation. Banks prefer cardholders who are stable, rational, and have good spending habits.

As for the reasons why credit card limits are always not raised, I would like to introduce these minefields to you. I hope it can help you. There are many factors that affect credit card limit increase, which also requires everyone to pay attention to card usage standards when using credit cards and maintain good card usage habits.

Don’t step into these 5 minefields when using credit cards!

Credit cards (debit cards) are certainly no stranger to everyone. Credit cards (debit cards) can bring us a lot of convenience, but credit cards (debit cards) also have minefields. Although Credit cards (debit cards) can relieve some urgent needs, but if you use them improperly, they can also lead you into a money-burning pit. Next, let’s talk about the five minefields of credit cards (debit cards)!

1. Overpayment:

Everyone knows that credit cards (debit cards) have an obvious feature, that is, you can "spend first, pay later". This kind of consumption The method is somewhat similar to a loan, but some netizens use credit cards (debit cards) as bank cards and deposit their own money into credit cards (debit cards), but credit cards (debit cards) are not savings cards after all. As everyone knows, you will be charged a certain percentage of handling fees when withdrawing cash from a credit card (debit card). It is a waste of money to pay the bank for the money you have saved. Have you led yourself into a minefield when using credit cards?

2. Repayment of the minimum repayment amount:

Repayment of the minimum repayment amount. Everyone knows that there is interest when repaying the minimum repayment amount, and the interest is still based on the self-payment amount. Interest will be calculated on the full amount of consumption on the day, and interest will be calculated at 50,000 per day. The interest will compound, just like a snowball, it will get bigger and bigger. The larger the base, the higher the interest will be! Therefore, I suggest that all students should use credit cards (debit cards) in an appropriate amount when using credit cards (debit cards), control their consumption desires, and never over-consume, otherwise you will be the one who suffers in the end.

However, if you want to increase your limit, you can occasionally use the minimum repayment amount to repay the loan to allow the bank to increase its income. The bank will also increase your limit for you, but remember that it is only occasionally, and it must not be done frequently.

3. Only cancel the card but not the account:

If you only cancel the card, you will not be able to apply for a credit card (debit card) from the same bank next time. You can enjoy the preferential benefits that only new customers can enjoy, but if you close the account together, then if you apply for a credit card (debit card) again later, you can enjoy the preferential policies for new customers again.

4. Canceling the card immediately after paying off the overdue repayment:

Some students use credit cards (debit cards) improperly, resulting in overdue repayments on the credit cards (debit cards). Don't think that if you cancel the card immediately after paying off the debt, your overdue record will be cleared. In fact, doing so will not eliminate your overdue record. Because according to the central bank's credit reporting regulations, we should continue to use this credit card (debit card) for at least two years. If you always maintain a good credit card usage record in the next two years, the stain on your central bank credit report will be covered by a good card usage record, and there will be no problems with your credit report. . If you have already canceled your card, if you go to the bank later to handle other business, you will be rejected because of problems with your credit report. If the card is overdue due to annual fee-related reasons after you cancel the card, you can coordinate with the bank and ask the bank to issue a non-malicious overdue certificate.

5. After the card is successfully approved, it will not be activated or canceled:

When your card application is successfully approved, the card will still appear in your account even if you do not open the card. inside the credit report. Including the time for card review and approval, the specific limit, etc., it will be marked with the word "inactive". If you apply for cancellation, there will also be the word "cancel". Although this is not a bad record, if you have too many inactive records, it will have an impact on your future credit applications. Therefore, I still suggest that you don’t apply for a credit card (credit card) if you don’t need it, or when applying, check to see if you have a credit card (credit card) of the same type. There are also disadvantages to having too many credit cards (credit cards). It’s a lot, and it’s not helpful to anyone.

If your credit card application was rejected immediately, you may have stepped into these minefields!

Many cardholders have had their credit card applications rejected immediately, but they don’t know what the reason was. They call the bank’s customer service and they will only give you a variety of possible replies. In summary, it’s just one sentence: "Comprehensive" Not rated enough”. In fact, there are many reasons for being rejected when applying for a credit card. You may have stepped into the following minefields without knowing it. Let’s learn about them below.

1. Apply for a credit card for the first time

Many friends apply for a credit card for the first time and have never applied for a loan. The credit report is blank and the bank cannot understand it from the credit report system. Naturally, you won’t apply for a card easily due to your credit standing, so Baihu’s card application will often encounter an instant rejection. Of course, there are exceptions.

If it is your first time to apply for a card, if you meet the basic card application conditions, it is best to first try to apply for banks that are easier to apply for a card. For example, China Merchants Bank and Bank of Communications have very low application thresholds. In addition, if you often use WeChat and Alipay, you can apply through these third-party platforms. Here is a Tencent WeChat credit card. It is said that you can apply for the card even if it is rejected for thousands of years.

2. The filled-in application information is untrue

The most important thing to avoid when applying for a credit card is fraud. Once your card application information is found to be inconsistent with the actual situation by the bank, it will be difficult to avoid being rejected instantly. manage. The next time you apply for a credit card from this bank, the bank will review your information more strictly. If you want to successfully pass the application, you must provide true and valid information and sufficient proof of financial resources.

3. Apply for a high-end credit card at a higher level.

It is also taboo to apply for a high-end credit card at a higher level when applying for a credit card. That is, you obviously only have the qualifications to apply for a gold card or a regular card, but you directly apply for a high-end credit card without using these cards. , will usually be killed directly by the bank. After all, the application threshold for high-end cards is very high, and not just anyone can apply.

4. Bad credit record

Bad credit record is usually caused by overdue repayment. Banks hate people who borrow money and do not repay it. The bad debt rate is getting worse year by year. Banks especially do not trust this kind of people and will naturally not approve cards easily.

This ends the introduction to credit card minefields and credit card pits. Have you found the information you need?