Why was the ICBC credit card limit suddenly reduced?

If the ICBC credit card in your hand has not been used for a long time and has been dormant, its credit limit will be reduced.

Explained from the bank's perspective, this is because the cardholder uses the card less often and takes up the bank's credit limit, so it will be reduced. After all, the credit limit is relatively tight at the moment, and the bank will naturally not let the credit limit be reduced. The credit limit is wasted in the hands of the cardholder.

Normally, the bank will notify the cardholder when the limit is reduced. There are also clear regulations regarding the reduction of ICBC credit card limit, which cannot be less than 30% of the original limit.

In addition, there are also some customers who have been using ICBC credit cards normally, but suddenly received a notice that the credit card limit has been reduced. What is going on?

In fact, this situation Mostly due to the stricter inspections of the regulatory authorities, during the investigation process, in order to avoid some credit card cash-out behaviors, the credit limits of some users were lowered and adjusted to a reasonable range to avoid suspicion.

Of course, this is only one reason. On the other hand, the bank also makes the decision to lower the user's credit limit from the perspective of capital.

Because the larger the user's credit limit, the more capital is occupied, and accordingly, the bank's capital adequacy ratio will be smaller. Under such circumstances, in order to ease the credit crunch, banks will inevitably adjust the idle credit lines of some users.

If the ICBC credit card limit is reduced to 0, is it possible to restore it in the future?

If the credit card limit is reduced to 0, it will be difficult to restore it to the original limit. If your credit card limit is reduced, you should immediately choose to repay in full and cancel the account, because once you enter the bank's risk control black box, it is basically difficult to return to the starting point, and it is difficult to get another chance to increase the bank's limit.

So after closing your account, do not apply for a card from this bank again for half a year. Apply again after half a year to get a new identity, and renew the card again to get a higher credit limit. If the card is blocked, do not cancel the card immediately. If you are able, you can repay it in full. If not, choose to repay it in installments.

However, some cardholders will also encounter "accidental damage" by the bank. If they encounter "accidental damage" by the bank, the cardholder can immediately call the customer service staff of the credit card center of the issuing bank to explain the consumption situation and submit relevant documents. With an invoice or proof of purchase, the normal limit can generally be restored.

Extended information:

If the credit card limit is reduced, it is difficult to restore the limit. Unless it can be restored due to bank misoperation and other circumstances, except for bank reasons, it is recommended to cancel the card in time and try again. Apply for a credit card. Because according to the credit card application contract, the bank has the right to dynamically manage the credit limit of the cardholder based on a wide range of risk factors, and take risk management measures including reducing the credit limit due to over-reporting.

Long-term idleness, single consumption, abnormal credit card swiping, abnormal repayment, and poor credit report are the five major reasons that easily lead to credit card limit reduction. Therefore, it is necessary to reduce large amounts of consumption and change the consumption location. Secondly, try not to overdraw your credit card limit, use installment business occasionally, and do not overdue it.