If the credit card overdraft limit is too high, it may have some influence when approving the inquiry. Generally speaking, bank credit cards are in the best condition. Individuals hold 1~3 credit cards. It should be noted that the credit card limit does not exceed the annual income, as long as it can meet the consumer demand.
Extended data:
The influence of credit card loan or installment payment on mortgage approval;
Influential.
1, high debt ratio
Generally speaking, the acceptable income debt service ratio of banks is 0.5, that is, the total monthly income should be twice the total monthly debt service expenditure. Too high a credit card limit means that the applicant's debt ratio (income debt service ratio) is too high, and there are certain risks before the mortgage is approved.
2. Overdraft limit
The credit card amount is actually equivalent to the loan amount approved by the bank in advance. This amount is equivalent to a bank loan, which will affect mortgage to buy a house, especially the housing purchase with provident fund mortgage loan.
3. Reject risks
Not only credit card installment or loan may be rejected, but if credit card installment or large overdraft is carried out before credit investigation, inquiry or consumption records will be left, which may lead to the failure of mortgage approval.