Credit cards can play a role in capital turnover, so many people apply for credit cards, but everyone's credit card limit is different. So how to quickly increase the credit card limit when the credit card limit is not enough?

How to quickly increase the credit card limit

1. Deposit a large amount regularly at the card-issuing bank

Having a time deposit with the card-issuing bank will make the bank think that you have enough financial resources to afford a higher overdraft limit, and that you have the ability to repay after overdraft consumption. At the same time, depositing in the card-issuing bank contributes to the card-issuing bank's savings business. Of course, the bank welcomes you to do so on a regular basis! The larger the deposit amount and the longer the saving time, the greater the help in increasing the limit!

2. Purchase financial management products from the card-issuing bank

Similar to the principle of depositing money at the card-issuing bank, purchasing bank financial products can also be used as proof of personal repayment ability and at the same time contribute to bank-related business. In addition, purchasing bank financial products can also show to a certain extent that the cardholder has certain financial management capabilities, so customers will use credit cards more rationally!

3. It is best to swipe the card skillfully Incremental consumption

If you want to increase your credit limit quickly, you should not be simple and crude when swiping your card, but should have certain skills. It is best to consume incrementally. For example, first keep the monthly credit card consumption at about 60% of the total limit, and then apply for a limit increase. On this basis, increase the limit, and then use the card to consume at a ratio of 70% of the total limit, and then apply again. Raise the limit!

4. Raise the temporary limit first and then the fixed limit

It is easy to raise the temporary limit of a credit card, but it is difficult to raise the fixed limit. However, the temporary quota is short-term and can only be used for one month. It must be repaid in full at the end of the period. It cannot be used permanently like a fixed quota, nor can it be repaid in installments like a fixed quota, or repay according to the minimum repayment amount. . In order to achieve the purpose of increasing the fixed limit, cardholders can first apply for a temporary limit. After the temporary limit is properly used and repaid in a timely manner, they can then apply to increase the fixed limit!

How long does it take to increase the credit card limit?

If you want to raise a temporary limit on your credit card, most bank credit cards can be applied for a temporary limit after you have used the card for 3 months and have no bad card usage records.

2. Fixed limit

If you want to increase the fixed limit of a credit card, the requirements will be stricter than the temporary limit. Therefore, many bank credit cards require cardholders to use the card for up to 6 times. You can apply for a limit increase only if you have more than 1 month of credit and no bad credit records such as overdue credit during this period.

However, different banks have different regulations. For example, China Merchants Bank requires that you can apply for a fixed limit after using the card for 3 months without a bad credit record.

In general, after applying for a credit card, it usually takes 3 to 6 months for the cardholder to apply for a limit increase.