Credit limit refers to the maximum overdraft limit given to the applicant by the bank when approving the credit card. Applicants can only spend credit cards within this limit. If they exceed this limit, they will not be able to use their credit cards normally, or they will charge a certain fee for the part that exceeds the limit.
If you want to withdraw cash, you need a credit line, that is, the bank gives the applicant a maximum overdraft limit when approving the credit card. Applicants can only spend credit cards within this limit. If they exceed this limit, they will not be able to use their credit cards normally, or they will charge a certain fee for the part that exceeds the limit.
Overdraft limit division:
Civil servant: 5000 yuan-10000 yuan.
Self-employed (chattel mortgage): 10000 -30000 yuan.
Self-employed (real estate mortgage): 20,000-50,000 yuan.
If you withdraw cash, you need a handling fee, and the interest will be a little higher than that of swiping a card. The overdraft limit is based on the overdraft limit of your credit card. If your overdraft amount is 10000, you can overdraw 10000 yuan. Credit cards on the market now are generally 5 1 day interest-free. But if you withdraw cash, there will be no interest-free statement of 5 1 day.
How to increase the credit card limit?
1, frequently use credit cards to win by swiping the cards. In daily life, credit cards are used wherever you can swipe your card. Regular use will definitely help cardholders to increase their credit limit as soon as possible.
2. Ensure the amount of credit card spending every month. It is best to generate at least 30% of the total credit card consumption records every month. If it lasts for more than half a year, the banking system can easily recognize the cardholder's spending power and actively invite the cardholder to increase the credit limit of the credit card.
3. Ensure that the credit card can be repaid in full and on time. This is very important for credit card holders who want to raise the limit. If you can't repay in full and on time, there will be a bad record of credit card repayment, which will not only affect the cardholder's personal credit information, but also greatly extend the time for credit card to increase the credit limit.
4. Enrich the consumption types of credit cards. Different consumption types will reflect cardholders' different consumption concepts and spending power, and will also affect the progress of credit card promotion to some extent. Within the scope of our power, we will increase the opportunities for large-scale credit card spending to promote the credit card limit as soon as possible.
5. Increase the number of applications for using temporary credit card limit. The repeated application and use of the temporary credit card limit also shows the urgent desire of credit card holders to increase the credit card limit, and can also speed up the process of increasing the credit card limit.
6. Actively apply for increasing the credit limit of credit cards. We can actively express the urgent hope of improving the credit limit of credit cards to banks through various channels, and actively provide relevant asset certification documents and relevant vouchers for the continuous improvement of their consumption power, so as to accumulate more favorable evidence for banks in system evaluation and improve the credit limit of credit cards as soon as possible.