What does credit card mean? Literally speaking, it is a credit card that can only be used to buy groceries. It does not refer to the type of credit card issued by a bank. In fact, it is a general term for credit cards with low limits. Generally, credit cards only have a limit of 500 to 5,000 yuan, and if they cannot meet our daily consumption needs, they are considered food cards. If you get a credit card, it often means that the cardholder's comprehensive score in the banking system is not high, but he has barely reached the application threshold. The bank will approve the card, but it will not give a high credit limit.
Are credit cards useful? It mainly depends on whether there is potential for development. After all, the credit card limit is not fixed. Relatively speaking, the initial limit of a credit card is low. If you can increase the limit by using the card, it is also quite good. This depends on the bank. The degree of loosening of risk control. If the bank's risk control is relatively loose, the card swiping frequency is high after getting the card, the consumption is diversified, the repayment is on time, the card is used for 3 to 6 months, and the credit card limit is reached, the bank will evaluate the current cardholder's credit conditions and usage. A comprehensive assessment of card behavior will be conducted, and the higher the score, the higher the limit will be. Compared with large-value cards, credit cards with menu cards have more room to increase the limit. If the bank's risk control is strict and the bank does not allow credit limit increase for 6 months after getting the card, you may need to provide sufficient financial documents to prove your ability to repay. If this is the case, you may consider canceling the card. .