The credit card limit is 0, what is going on?

The credit card limit is evaluated by the bank based on everyone's personal credit, income level, debt ratio, etc. The card limit will change with the qualifications of the cardholder, some will decrease, and some will increase. High; some card friends previously said that their credit card limit was reduced to 0 for no reason. Then why was the credit card limit reduced to zero? Do you know how to restore it?

1. Sleep credit card. Some users may apply for a card just to receive gifts. After successfully applying for a card, they will leave the credit card idle. After a long time, the bank will judge it as a sleep card. The bank will consider this type of card a waste of resources and will increase the card limit. has been reduced; if you want to restore the limit, you can increase the number of times you use the credit card, repay the credit card in full and on time, and take the initiative to ask the bank to restore the limit after a period of time.

2. The credit card is overdue. If a credit card is overdue for a long time, the bank will consider the cardholder to be at risk of borrowing. Generally, in order to reduce bad debts, they will reduce the limit and block the card. It is recommended that everyone pay off the debt as soon as possible after the overdue date and explain the situation to the bank. And maintain a good repayment record.

3. Cashing out by credit card

Cashbacking by credit card is expressly prohibited by the bank. Once the bank system detects that the cardholder is suspected of cashing out, the credit card will be reduced. In serious cases, The card has been blocked; there are two solutions for this situation:

(1) Cash withdrawal behavior exists: If the cardholder has cash withdrawal behavior, it is best to stop cashing out immediately and then negotiate with the bank to restore the limit;

(2) There is no cash-out behavior: If the cardholder does not cash out, he must hand over the consumption voucher to the bank. After proving that he has made a genuine consumption, the card limit can be restored.

4. Credit card is frozen

When a credit card is stolen, in order to protect the safety of the cardholder's funds, the bank will usually take measures to reduce the credit limit or freeze the credit card; if the limit appears When it suddenly drops, or drops to 0, you can call the bank to explain the situation, make sure there are no problems, and then apply for restoration of the limit. However, as long as the cardholder maintains good behavior in using the card in compliance with regulations, the bank will not reduce the limit at will.

Why does the credit card (credit card) limit become 0? What are the specific reasons?

Apply for a credit card (credit card). Many cardholders hope to have a high-limit credit card (credit card). A large-limit credit card (credit card) not only allows us to have more funds for turnover , while enjoying additional privileges. However, there are also many cardholders who have completely different credit card (credit card) situations. Not only are their credit card (credit card) limits unsatisfactory, they have even been reduced to 0. What is going on?

For the credit card (credit card) limit to be reduced to 0, the main reason is that there is an abnormality in the cardholder's credit card (credit card), including your usage status, repayment status, and whether there are The situation of being stolen.

Many cardholders never use their credit card (debit card) after applying for it, and it becomes a sleep card. If the number of card swipes and the amount of consumption are reduced, the bank will decide that you are wasting resources. Instead of extending credit to you, it would be better to give it to cardholders who need it more, and your credit limit may be reduced to 0.

In the process of using credit cards (credit cards), the most taboo thing is that the credit card (credit card) is overdue. If you fail to repay on time when the repayment date comes, the bank will think that your repayment ability is low, and it will be risky to grant you a credit limit, so it will reduce your credit limit. If there are multiple overdue payments, serious overdue payments or malicious overdrafts, your credit limit will be reduced to 0.

One type of card swiping behavior that banks are very disgusted with by cardholders is illegal cashing out. In fact, the bank's backend can completely monitor the illegal cashing out, and it can be judged based on your abnormal card swiping habits. At this time, the bank will reduce your credit limit or even block the card directly if it is serious.

Of course, in addition to the above incorrect card usage behaviors of cardholders that will cause the credit card (credit card) limit to be 0, if the bank discovers that the cardholder’s credit card (credit card) has been stolen, In the case of swiping, your limit will be reduced to 0 immediately or the card will be frozen directly. The purpose is to protect the safety of your funds and reduce the losses of cardholders. If the cardholder finds that there is no fraud and it is purely a misjudgment by the bank, he can directly explain the situation and apply for credit limit restoration.

What does a credit card credit limit of zero mean?

A credit card available limit of 0 means: the usable limit has been used up/the credit card has a bad record and the credit card can no longer be used for purchases. Before you can continue to use the credit card for consumption, you must first repay the original consumption amount/increase the limit.

Credit card limit, also known as credit card available limit, refers to the maximum amount that can be used by your credit card. It includes credit limit (that is, the maximum overdraft limit of a credit card) and the amount deposited into the credit card. .

The limit of any credit card depends on the effective income and asset security value provided by the individual during the application process. The credit limit of a credit card is positively correlated with the applicant's income and secured assets, that is, the higher the income and secured assets, the higher the credit limit obtained. Therefore, applicants must provide proof of income, provident fund social security, and asset guarantee statements. Asset guarantees include fixed assets such as real estate and cars, as well as current assets such as savings and bonds.

Techniques for increasing the credit limit

1. Continuous and frequent credit card consumption

Persistence means that after you have a credit card, you must insist on long-term credit card consumption, preferably continuously. For more than three months, the credit card consumption limit will be generated every month. Do not use it for a period of time and then freeze it for a long period of time.

Frequency means to swipe your card wherever you can, no matter how big or small the amount is. The more times and merchants you use, the better. If you swipe your card all at once, it will be easy for the bank to think you are suspicious. , it is difficult to raise the quota.

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.

Why did the CCB credit card limit suddenly drop to 0? Understand these reasons

Many cardholders think that it is enough to use credit cards to make purchases and repay the money on time. In fact, if you use the card incorrectly, it is easy to be risk-controlled by the bank and may even be reduced. of. For example, a friend told me that he had never been overdue, but who knew that after paying off the loan, the limit suddenly became 0. If this has happened to you, you might as well come and find out the reason.

Why did the CCB credit card limit suddenly drop to 0?

Generally speaking, this situation rarely occurs. If your limit is directly changed to 0, it means that China Construction Bank has been extremely disappointed with you. You can be said to have entered the bank's little dark room. , to put it simply, you are being risk-controlled by the bank. The reasons for this situation are as follows:

1. Using a credit card to cash out:

Credit card cashing is a problem for banks. Illegal card use is expressly prohibited. If the bank discovers that you are cashing out, the bank will at least reduce your credit limit, or at worst, block the card and directly reduce your credit limit to 0.

Generally, similar card swiping behaviors occur. If the card is not swiped during business hours (9:00~22:00 in the morning), and the card is swiped at a POS machine every time, or the card is swiped at the same type of merchant, it is very easy. The bank thinks you are cashing out.

2. Overdue credit card repayments:

If you repay the credit card immediately after the due date, it is okay. In the case of six, the bank will block your credit card so that you can no longer use the card to make purchases, and may also directly reduce your limit to 0.

3. Abnormal card status:

Sometimes the status of your credit card is abnormal, and if it is controlled by the bank, your credit card limit may suddenly become 0. If there is an abnormality in your credit card account, which is not due to your own fault, or if the bank believes that your credit card is at risk, explain it clearly to the bank and ask for the limit to be adjusted back.

The credit card limit is zero, what’s going on?

Zero-limit credit cards are also a type of credit card, called quasi-credit cards. Although they have no limit, they still need to enter the personal credit system and pay an annual fee.

The hidden password of zero-limit credit cards:

Credit card experts analyze that the existence of "a few cases" of zero-limit credit cards is mainly due to the following two reasons:

1. Risk prevention and control

As mentioned above, the bank will decide whether to approve the card and the limit based on the applicant's qualifications. So for some applicants with "marginal" qualifications (who meet the card issuance standards, but there are certain risks), banks will reduce the card limit as much as possible, or even directly reduce the card limit to zero, in order to prevent and control risks.

2. Seize the market

In recent years, competition among banks has also been quite fierce. In order to retain potential users and quickly seize the market, some banks have not dealt with applicants with poor financial qualifications. , a zero-limit credit card will be issued. Only by saving money for consumption can cardholders gradually increase their credit limit. On the one hand, this can increase the number of users, and on the other hand, it will not increase the bank's bad debt rate due to the rapid increase in the number of card issuances. From the bank's perspective, it can be said to kill two birds with one stone.

However, the first reaction of many cardholders when they get a zero-limit credit card is to be angry, and they will even cancel the card immediately. In fact, it is not necessary. A zero-limit credit card is essentially a credit card, and you can fully enjoy the benefits of this credit card, such as merchant discounts, points discounts, etc.

In order to increase the credit limit, cardholders can deposit money into their credit cards for consumption and maintain a certain frequency and amount of credit card swiping. After three to six months, the credit card limit will naturally increase. It is relatively fast to increase the limit from 0.

That’s it for the introduction of changing the credit card limit to 0.