why did my credit card limit drop? 1. Failure to repay on time is one of the common reasons for the decline of credit card limit, just like borrowing money. It is not difficult to borrow if you have something, and you can borrow more. The same is true for credit card use. Repayment on time means that the cardholder is willing to repay and has a good repayment ability. The bank is definitely willing to continue to give such a high amount, otherwise it will reduce the amount. 2. Personal debt ratio is too high because it will affect the repayment ability of cardholders, so it may also lead to the reduction of credit card limit. For banks, the repayment ability of cardholders depends not only on their income, but also on their personal debt. If the debt ratio exceeds 5% of their income, it means that their repayment ability is not good, and they are certainly not at ease to continue to give such a high amount. 3. It is clearly stipulated in the credit card collection contracts of various banks that credit cards must be standardized and consumed reasonably, and there should be no illegal use of cards such as false trading of tx cards. Once abnormal transactions are detected by the bank's risk control system, it is inevitable that the credit card limit will decrease.
can the credit card limit be restored? Credit cards have not been blocked and frozen, but there is a chance to restore the limit if the limit drops. But it doesn't mean doing nothing. It's best for cardholders to standardize their card use, show their spending power by swiping more cards, and repay on time so that banks can recognize their repayment ability. The above is the introduction of "why my credit card limit will drop", and I hope it will help everyone. In short, it doesn't matter if the credit card limit drops. As long as you find the reason and make good use of the card, it will be restored sooner or later.