The credit card limit is related to the applicant's income and guaranteed assets. That is to say: the higher the income and guaranteed assets, the higher the limit obtained. The credit card limit is the maximum limit for spending or cash withdrawal approved by the bank. So the higher the limit, the higher the amount that can be spent or withdrawn. If you want to get a higher credit limit, you should provide as much proof of your financial resources as possible when applying for a credit card, such as income certificate, bank deposit certificate, real estate certificate, car ownership certificate, etc. The bank will make a comprehensive asset assessment of the applicant based on these supporting materials. If the applicant has deposits in the bank or is a civil servant, it will be helpful for the approval of a higher credit limit. Usually use credit cards for diversified consumption types, such as home appliances, catering, supermarket shopping, etc. Try to spend as much as possible in physical stores, repay on time, and ensure a good repayment record. The bank will also help you actively increase your credit limit.

: Malicious credit card overdraft

means that the cardholder overdrafts beyond the prescribed limit or within the prescribed period for the purpose of illegal possession, and the card-issuing bank continues to overdraft for more than 3 months after two collections. Not returned.

The consequences of malicious credit card overdraft:

1. Producing a bad credit record;

2. Producing late fees and interest;

3. The bank will sue;

4. You will not be able to handle credit business at the bank within 5 years from the date of repayment.

How banks collect arrears

1. SMS reminders should promptly remind cardholders of the overdraft due amount and repayment date.

2. Collection letters refer to banks issuing collection letters to customers on a regular basis every month to remind customers to pay overdue debts in a timely manner. They have the function of warning and reminding delinquent users. Collection letters can adopt different collection methods according to the user's current overdue situation, warning customers that they will bear corresponding legal consequences if they are overdue.

It is used to inform the credit card that malicious overdraft is illegal, and you will be prosecuted if you don't repay. Receiving a legal notification letter from the bank does not mean that you are being sued, it is just a notification letter from the bank. If the parties concerned do not respond or negotiate, the bank may sue. The bank notification letter is not necessarily addressed to the guarantor, but may also be addressed to the debtor, so who the bank notification letter is addressed to depends on the specific circumstances.

There is no legal target for the notification letter. It is up to the bank to decide who to send the notification letter to. When the debtor fails to repay, the bank can issue a notification letter to the guarantor, debtor, etc., requiring repayment of the debt. .

As long as the credit card is overdue, the amount exceeds 5,000, and it is overdue for three consecutive months, you will basically receive a notification letter from the bank as time goes by. The significance of this notification letter is more to encourage the debtor to speed up the repayment as soon as possible. This is also one of the bank's collection methods. The purpose is to make the debtor realize that the bank can file a lawsuit, making all debtors worried about this and will Consider the legal consequences if you are late.