Current location - Trademark Inquiry Complete Network - Overdue credit card - Can I apply to reduce the limit of my credit card?
Can I apply to reduce the limit of my credit card?

Credit card limits are generally not required to be reduced. Except for those that are proactively reduced by the bank, cardholders generally apply for a limit increase. If they want to proactively reduce their limit, they can only apply for it by calling the customer service phone number.

Reasons for derating by the bank:

1. Credit card credit card is derated due to credit card fraud. After handling the fraud incident, the bank will generally restore the credit limit to the cardholder. , what the cardholder needs to do is to protect the security of the credit card, use the card normally and repay on time1

2. If the credit card is reduced due to overdue payment, the cardholder needs to pay off the overdue amount in time to avoid liability Huge penalty interest and late fees can even cause a bad personal credit record. From now on, you can follow the credit card limit increase method, swipe the card more and repay on time, etc., and strive to restore the limit as soon as possible!

Tips for increasing credit limit

1. Continuously and frequently swiping credit cards

Persistence means that after you have a credit card, you must persist For long-term card consumption, it is best to generate a credit card consumption limit every month for more than three consecutive months. Do not use it for a period of time and then freeze it for a long 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 have a credit card. It is difficult to raise the amount due to suspicion of cash withdrawal.

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 to increase 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 it is easier to gain room for negotiation and maneuvering.

Use attention skills

Repay in full to avoid recurring interest

Although banks emphasize the interest-free period when popularizing credit cards, most Some people are not very clear about the rules of the interest-free period, and thus spend a lot of money in vain. For example, during the Spring Festival, Xiao Zhang paid 4,000 yuan with a credit card to buy a new mobile phone. When the repayment was made, there was only 3,999.7 yuan in his account. After the bank deducted the money, Xiao Zhang still owed the bank 0.3 yuan. Maybe this is nothing in real life, but banks don’t think so. If consumers don’t repay in full, they must pay interest and do not enjoy the interest-free period (daily interest = the remaining outstanding amount of the day * interest rate) . It is recommended that everyone repay the loan in full to avoid greater losses.