So, why do too many credit cards affect cash withdrawal?
Let's take an example first: Kayou Xiaoqi has seven credit cards under his name, but they have never expired. He wanted to increase the credit card limit of Bank of Communications, but after paying the bill, the APP operated to increase the credit limit, and the bank refused. The reason is that the Bank of Communications will check the credit information, and it turns out that there are too many credit cards under Xiaoqi's name, which leads to the high total credit of other banks, so he refused his withdrawal application.
In fact, there are many friends who have similar experiences with Xiaoqi, all because there are too many credit cards, and it is impossible to smoothly raise the amount. After all, for banks, there are too many credit cards, and the higher the risk. Even if each card is in good condition, its potential default risk cannot be ruled out.
And if you refuse to withdraw money because there are too many credit cards, you'd better do this:
Is to reduce the number of cards. It is best to keep the number of credit cards in the hands of cardholders at about 4~5, and it is best to cancel more than 5 credit cards.
As for which credit cards to cancel, it is recommended to choose cards with short card use time and low frequency of use; In fact, it is a bank with strict risk control, a credit card with difficulty in withdrawing cash, and a credit card with low quota. Please refer to How to Sell Credit Cards for the detailed account cancellation process. Understand the sales process of these greeting cards.
The above is "Does too many credit cards affect cash withdrawal?" I hope it will help everyone. In short, credit card withdrawal will also refer to the number of credit cards in the cardholder's name. Don't blindly handle credit cards. After all, credit cards are not won by the number of cards.