What is the impact of using temporary credit card limit?
1 impact quota.
On the one hand, the temporary quota may be beneficial to increase the fixed quota, because some banks can apply to convert the temporary quota into a fixed quota after the cardholder uses the temporary quota and pays it off, that is, increase the fixed quota. On the other hand, there is a time interval to increase the fixed credit line, and some banks will take the opportunity to increase the temporary credit line, which is not conducive to increasing the fixed credit line.
2 affect the application for a new card
When the cardholder applies for increasing the temporary credit limit, the issuing bank will make an inquiry on the cardholder's credit report, leaving an inquiry record, that is, the temporary credit limit will be reflected in the credit report. Too many inquiry records are not conducive to applying for new cards or other loans, and it will also be affected to apply for credit cards, loans or credit cards from other banks in a short time.
For some credit cards with low quotas and long-term non-mention, temporary quotas are like straws. Although the temporary quota needs to be paid off at one time, it can be increased by 1 time or even several times in a short time, which is beneficial to emergency.
This is the explanation for CCB to increase the quota, mainly to let more merchants spend. A single business normally spends hundreds of thousands a month, but he suspects that you are cashing out.
In order to meet customers' demand for credit cards, we will take the initiative to increase the credit limit of quality customers on a regular basis according to holidays and customers' use of cards. The bank will adjust the permanent limit for you according to your card usage and credit changes. Please take good care of your credit card and repay it normally.
Conditions for applying for temporary quotas
Generally, banks require new cards to be issued for three months before they can apply for temporary quotas for the first time, but banks have not accurately stated the time for temporary applications. Some banks require 1 month, while others require 3 months. Most banks can still apply after 3 months, and very few banks do not support active application.
There are also many factors that affect the application for temporary credit line: for example, the cardholder's repayment situation, especially the repayment record of the first six months, which is an assessment period for the cardholder, that is, the first impression. If you don't leave a good impression on the bank in the first six months, it is conceivable that there is basically no hope for temporary and fixed. So the new card must be used well in the first six months.