The credit card limit is zero. What's the matter?

Zero credit card is also a kind of credit card, which is called quasi-credit card. Although there is no credit line, it also needs to enter the personal credit information system and pay an annual fee.

The hidden password of zero-line credit card:

According to the analysis of credit card experts, the existence of zero-line credit card is mainly due to the following two reasons:

1. Risk prevention and control

As mentioned above, banks will decide whether to approve cards and the level of credit according to the qualifications of applicants. Then, for some "marginalized" applicants (who meet the card-issuing standards but have certain risks), banks will reduce the card quota as much as possible, or even directly reduce the card quota to zero.

2. Seize the market

In recent years, the competition among banks is also fierce. In order to retain potential users and seize the market quickly, some banks will issue zero-line credit cards to applicants with poor qualifications. Only by saving money can card friends gradually increase the quota. On the one hand, it can increase the number of users, on the other hand, it will not increase the bad debt rate of banks due to the rapid surge in card issuance, which can kill two birds with one stone from the bank's point of view.

However, the first reaction of many cardholders when they get a zero-line credit card is to get angry, and even cancel the card immediately. In fact, you don't have to. A zero-quota credit card is essentially a credit card, and you can fully enjoy the rights and interests that this credit card can enjoy, such as merchant discounts and points discounts.

then, in order to increase the credit limit, cardholders can save money and spend money on their own credit cards, and maintain a certain frequency and amount of credit cards. After three to six months, the credit card limit will naturally increase, and it is still relatively fast to increase the amount from .

There may be three reasons why there is no credit card limit

1. The temporary limit expires:

Sometimes, banks will give cardholders a temporary limit, which is superimposed on the fixed limit, giving people the illusion that it is a fixed limit. As a result, after using the temporary limit, the repayment will offset the used limit, and then the available limit will be restored.

2. Over-limit line is used:

Many banks open over-limit service by default. After the last consumption runs out of the fixed line, they can still overdraw the line by 5-1%, and a negative value will be displayed in the credit card line. The repayment will be filled in with the negative part first, and the remaining repayment amount will be restored to the fixed line.

3. Reduced by the wind:

Many cardholders did not use their credit cards for personal daily consumption according to the credit card contract, but cashed in their credit cards, or invested in wealth management, which triggered the bank's risk control system and immediately reduced the credit limit after repayment.

Extended information:

A credit card, also called a debit card, is a credit certificate issued by a commercial bank or credit card company to a qualified consumer.

it is in the form of a card with the name of the issuing bank, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back.

consumers with credit cards can go to the special commercial service department for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limit.

The credit card stipulated by relevant laws in China refers to an electronic payment card issued by commercial banks or other financial institutions with all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc.

On December 1, 217, the English Translation and Writing Standard for Public Service was officially implemented, stipulating that the English name of the CreditCard standard is Credit Card.

credit card consumption is a non-cash transaction payment method, and it is not necessary to pay cash when spending, and the repayment will be made on the BillingDate.

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards with a certain credit limit within which the cardholder can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the specified credit limit.

The credit card generally refers to a debit card only.

from January 1, 221, the credit card overdraft interest rate will be determined by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of the credit card overdraft interest rate will be cancelled (the original upper limit is .7 times of the daily interest rate, and the lower limit is .7 times of the daily interest rate).

Main features of credit card:

① Credit card is one of the fastest-growing financial services today, and it is an electronic currency that can replace traditional cash circulation in a certain range;

② Credit cards have both payment and credit functions. Cardholders can use it to buy goods or enjoy services, and they can also obtain certain loans from card issuers by using credit cards;

③ Credit card is a high-tech product integrating financial business and computer technology.

④ Credit card can reduce the use of cash and currency;

⑤ Credit card can provide settlement service, which is convenient for shopping and consumption and enhances the sense of security;

⑥ Credit card can simplify the collection procedures and save social labor;

⑦ Credit card can promote commodity sales and social demand.

What's wrong with the credit card?

1. There is no chance for the credit card. The new credit card needs to be activated by the cardholder. If it is not activated, it cannot be used.

2. If the bank does not grant the credit line and the credit line applied for is , it may be because the qualification of surveyor has not reached the bank standard.

3. In case of risk, the bank will reduce the card quota as much as possible or even directly reduce the card quota to zero in order to control the risk.

4. The credit card applied by college students, if they are students at present, will be temporarily sealed before graduation, and can only be consumed after deposit.

credit limit:

1. What is the general credit card limit? There is no explicit stipulation at present. The regulations of each bank are not completely consistent, but there will be a general range. For example, the general credit card is 3,-8,, and the gold card is 8-1W. This is just the general application range of credit card limit. The specific situation depends on the amount after obtaining the card.

if you want to adjust the quota, just apply directly! Of course, this requires that you have used the card for a period of time and have no bad record. I currently use a wide card, which is quite convenient in this respect. If you want to increase the amount, send a text message and adjust the amount to 9558 in the last four digits of XLT card. It will take about 3 seconds!

2. Credit cards are divided into credit cards and quasi-credit cards, which provide settlement services, facilitate shopping and consumption, and enhance security; Simplify collection procedures and save social labor; Promote commodity sales, social needs and other characteristics. Credit card is a special card issued by banks or other financial institutions to those with good credit standing, which is used for shopping and spending in designated businesses or depositing and withdrawing cash in designated banking institutions. It is a special credit certificate.

Precautions for the use of credit cards:

1. Pay attention to consumption

Credit cards should not only enrich the types of credit card consumption at ordinary times, but also ensure the amount of consumption, and occasionally have several large purchases. In addition, we should also pay attention to avoid spending money in the same place frequently. Some friends spend a lot of money several times, but instead of approving the withdrawal, the bank freezes the credit card because of the risk of cashing out.

2. Pay attention to the credit limit

Friends who want to increase the credit card amount must pay more attention to the changes in the credit limit of the active credit card, especially the use limit and available limit. The higher the ratio of the used credit limit to the credit limit of your credit card, the higher the probability that the withdrawal application will pass.

3. Inquiring about credit information

If the cardholder has met the credit card withdrawal conditions, it is best to inquire about your personal credit information first. Credit information has a great influence on credit card withdrawal, and only a good credit record can guarantee the success rate of withdrawal.

the credit card limit is . what's going on?

The credit card limit is evaluated by the bank according to everyone's personal credit, income level, debt ratio, etc. The credit card limit will change with the cardholder's qualification, some will decrease and some will increase; Before, a card friend said that his credit card didn't know why the credit card limit was reduced to zero. Then why was the credit card limit reduced to zero? Do you know how to restore it?

1. Sleep credit card. Some users may only apply for cards to receive gifts. After successfully applying for cards, they will leave their credit cards idle. After a long time, they will be judged as sleep card by banks. Banks will think that such cards are a waste of resources and will reduce the card quota. If you want to restore the credit line, you can increase the number of times you use the credit card, repay it in full and on time, and take the initiative to ask the bank to restore the credit line after a while.

2. The credit card is overdue. If the credit card is overdue for a long time, the bank will think that the cardholder has the risk of borrowing. Generally, in order to reduce bad debts, it will reduce the amount and seal the card; I suggest that you pay off the arrears as soon as possible after the deadline, explain the situation to the bank, and keep a good repayment record.

3. Credit card cashing

Credit card cashing is prohibited by the bank. Once the banking system detects that the cardholder is suspected of cashing out, the credit card will be downgraded, and the card will be blocked in serious cases; There are two solutions to this situation:

(1) There is cashing behavior: if the cardholder has cashing behavior, it is best to stop cashing immediately and then negotiate with the bank to restore the quota;

(2) There is no cash-out behavior: if the cardholder does not cash out, he must give the consumption voucher to the bank to prove that he is really spending, and then the card limit can be restored.

4. The credit card is frozen

When the credit card is stolen, the bank will generally take measures to reduce the amount or freeze the credit card in order to ensure the security of the cardholder's funds; If the quota suddenly drops or drops to zero, you can call the bank to explain the situation and make sure there is no problem, so you can apply for restoring the quota. However, as long as the cardholder keeps the good behavior of using the card in compliance, the bank will not reduce the amount at will.

why there is no credit card limit? Let's stop here.