A credit card limit of 10,000 is not very high.
Generally, the minimum limit for a newly applied bank credit card is 0, and the maximum is no more than RMB 50,000. The general initial limit of a gold card is RMB 10,000, with a maximum limit of RMB 100,000. Under normal circumstances, the minimum initial credit limit for the Platinum Card's RMB account is RMB 50,000, and the minimum initial credit limit for the Platinum Card's foreign currency account is US$5,000. There is currently no upper limit for the Platinum Card's credit limit. The bank will determine the amount based on your credit status and card usage. Make a comprehensive judgment on the situation.
The credit card limit is determined by the bank based on the applicant's credit conditions and the card level applied for. Generally, the standards are followed: 1. Credit card limit: between 0-10,000 yuan; 2. Credit card gold card limit : Between 10,000 and 50,000 yuan; 3. Platinum card and above: above 50,000 yuan.
Extended information:
1. Temporary credit limit adjustment: According to bank regulations, the temporary credit limit increase is generally 20% based on the permanent credit limit. And it has a certain validity period.
Raising the temporary limit of a credit card allows cardholders to enjoy the convenience of swiping their cards during consumption peaks. However, the temporary limit does not enjoy revolving credit. The portion of the actual credit limit that exceeds the original credit limit will be included in the current statement. The minimum payment amount needs to be paid off in one lump sum before the payment due date.
Temporary quotas must be used wisely. The credit card portion within the temporary limit of most banks cannot be repaid in installments or the minimum amount when repaying like the credit card portion of the ordinary credit limit. Therefore, if you do not pay within the time limit, If you repay the loan in full within the limit, you will be charged an over-limit fee of up to 5%, which may even affect your credit record.
2. Long-term limit adjustment: Cardholders who have used the credit card normally for more than 6 months can apply for an increase in the fixed limit. Cardholders can submit the latest asset or income certificate to the bank counter. ICBC will review the cardholder's card use history, repayment records, etc., and will appropriately adjust the credit card limit for the cardholder after passing the review. The customer will be notified of the review results within a week. If the cardholder can provide some asset certification materials when submitting the application, a higher credit limit can be obtained.