It is understood that the biggest difference between credit cards and debit cards is that credit cards can support overdraft consumption, and cardholders can make direct consumption payments without depositing the required funds into the card. Because there is no cash in the credit card, consumption is carried out through the bank's credit limit, which we often call the credit card limit.

How is the credit card limit calculated?

The credit limit is not set arbitrarily by the bank, but is based on the cardholder's personal credit report, asset security value, and social life stability. , customer risk level, customer service expected contribution and other items are comprehensively scored. The higher the score, the greater the credit limit.

The author believes that since the comprehensive scoring systems of each bank are different, it will also have an impact on the bank's card issuance policy. This is why when the same customer applies for a credit card at different banks, there will be an unequal amount of credit cards. situation.

What are the scoring standards for credit card limits?

As mentioned before, each bank’s scoring standards are different. The following are the credit scoring standards of each bank:

1. Personal credit report:

2 points for a pure white household, 4 points for having a credit card, 4 points for having a mortgage record, 7 points for having a mortgage record, 9 points for no record of breach of trust, and 9 points for breach of trust more than twice. Record -9 points.

2. Guaranteed value of assets:

Monthly income 2,000-2,999 yuan, including 8 points; 3,000-4,999 yuan, including 10 points; 5,000-7,999 yuan, including 13 points ; 8000-9999 yuan, including 15 points; more than 10,000 yuan, including 20 points.

3. Social stability:

2 points for local household registration and 5 points for local household registration.

Not married, 3 married people without children, 4 people with children, no children.

0 people do not own a house, 2 people rent a house, 4 people live with their parents, 8 people own their own houses and have loans, and 10 people own their own houses without a loan.

Generally speaking, an application can be successful if the score is 50-100, and if the score is less than 50, it will basically be judged as failed. Of course, this is just a simple classification of the user's situation. The specific review depends on the applicant's submission. The level of detail of the information, as well as whether the individual meets the qualifications, etc.

If your credit card limit is too low, or your credit card application is rejected, it is mostly due to the overall score being too low or insufficient. To apply for a large credit card, it is recommended that the applicant provide sufficient proof of income and financial ability, otherwise the chance of getting the card will be very low.