How long does it take to increase the credit card limit?
Some banks can apply for a limit increase immediately after placing the card, and some banks require cardholders to hold the card for more than 3 months or 6 months before they can apply for a limit increase for the first time. For the specific limit increase time, please The rules of the issuing bank shall prevail. The following are the credit card limit raising times of each bank:
1. Bank of China can only raise the credit limit once a year.
2. Agricultural Bank of China needs to hold the card for more than 6 months to raise the limit for the first time. After that, the limit can be raised once every 3 months.
3. You can apply for a limit increase after placing the card at ICBC. Normally, you can apply for a limit increase every 3 months.
4. To increase the fixed limit of China Merchants Bank, you need to hold the card for 6 months.
5. The credit limit can be increased 3 months after the Ping An Bank card is issued, and another 3 months will be required to increase the credit limit.
6. The first credit limit increase is when the Industrial Bank card has been held for more than 6 months.
7. You can apply for the first limit increase 3 months after the Guangfa Bank card is issued, and the next limit increase requires an interval of 6 months.
8. Bank of Communications and China CITIC Bank do not support active application for limit increase, and the bank needs to assess the limit before increasing the limit to the customer.
Extended information:
In fact, the credit card limit is specifically reviewed by the bank through the comprehensive score of the card applicant and the credit card level. If it is the first time to apply for a credit card, the limit is generally not very high.
Credit cards are generally divided into three levels: ordinary card, gold card, and platinum card. The limit range is roughly: regular card limit: 3,000 yuan to 10,000 yuan; gold card limit: 10,000 yuan to 50,000 yuan; platinum card limit: more than 50,000 yuan.
The highest credit limit of a credit card can reach more than 1 million, while the lowest limit may also be "zero". Credit card limits are divided into fixed limits and temporary limits. Generally, the temporary limit is increased once every three months, and the fixed limit is increased once every six months. The limit can be raised from a few thousand to tens of thousands. There is no fixed limit, and the level of credit limit has a lot to do with a person's personal qualifications.
If you use your credit card well, it will not only increase your limit quickly and give you high rewards, but it will also be helpful for applying for credit card reserves/cash installments, etc.
1. Use credit cards to spend as much as possible
Use credit cards to spend as many times and as much as possible. Generally speaking, the total amount of consumption within six months should be at least 30, so that you can It proves that the cardholder uses the credit card frequently and has high loyalty to the bank. The bank's credit card center will adjust the limit based on your credit card utilization and repayment history.
2. Consumption use should be diversified
When using a credit card, do not increase the limit just for the sake of increasing the limit, and do not let the bank feel that you are suspected of cashing out or maliciously swiping the card, so it cannot be fixed at Instead of swiping your card somewhere, you have to spend money frequently in different consumption scenarios and at different POS machines. It is recommended that you make more transactions with your card at merchants that have points. In addition, different types of merchants should be swiped as much as possible. For example, after a few catering transactions, you can swipe merchants in shopping malls and supermarkets to maintain transaction diversity.
3. Repay in full and on time to avoid late payment fees
After using a credit card for consumption, make sure to repay in full and on time before the monthly repayment date. Once the payment is overdue, not only will you have to pay a high late fee, but it will also create a bad credit record, which will affect future credit card applications. If you cannot repay in time, you must call the bank's customer service hotline in advance to explain the reasons to the manual customer service and apply for a grace period of a few days. Currently, most banks can grant a grace period of 3 days, among which China Guangfa Bank and China Construction Bank can grant a grace period of 5 days.
4. Do other things besides consumption
For banks, the income from credit card consumption is not the most generous. The most attractive income is cash withdrawal and installment. Therefore, in addition to normal consumption, you can make appropriate installments and cash withdrawals to make the bank profitable, which can increase the probability of raising the limit.
5. Dormant Suspension
If you intend to deactivate a credit card for a certain period of time, banks will provide certain incentives for the activation of dormant cards, such as bonus increases.
Is it fast to increase the credit limit of Ping An Bank’s credit card?
Ping An Bank credit cards can generally apply for a limit increase after 3-6 months of use. If you are not satisfied with your credit card limit, you can also apply for a limit increase. So, is it fast to increase the credit limit of Ping An Bank’s credit card? Let’s find out below.
1. The normal use of Ping An Bank’s credit card can increase the credit limit very quickly. Users who want to increase the credit card limit must use more credit cards for consumption. The monthly consumption limit is basically maintained at about 70 of the credit card credit limit. , and make sure you repay it on time, you can increase the limit after using it for a period of time.
2. If you want to increase the limit, you can also use more temporary limits. The more frequent use of the temporary limit shows that the user has strong spending power, and banks still like to increase the limit for such users. However, the temporary quota has a time limit and needs to be paid back in one go after use.
3. In addition to using credit cards for consumption, users can also use credit cards to make purchases abroad when they have the opportunity, so that banks can earn a certain amount of handling fees. Banks will like such cardholders very much. Subsequent increases in the quota will be very smooth, and the magnitude may be relatively large.
In general, Ping An Bank’s curve-based credit increase method has a higher success rate. Among many banks, Ping An and China Guangfa Bank have the highest success rate with the curve-based credit increase method, with a success rate of over 80%.
How long does it take for a Ping An credit card to recover after a limit reduction?
The credit card limit is reduced mainly for the bank's risk management needs. If the limit of your Ping An Bank credit card is reduced, you can apply for restoration depending on the situation. Maintaining good card usage and repayment records will gradually increase the limit. The credit card limit is determined by the following aspects: the cardholder's income; the cardholder's credit situation; the number of card purchases; and the amount of card purchases. Generally, Ping An credit card cannot be restored immediately after the limit is reduced. It is recommended that you try to apply for a limit increase after using the card for 6 months.
You can also try to apply for restoration in the following situations:
If there is suspicion of cashing out, contact customer service to explain the situation and apply for restoration.
If the credit card limit is reduced due to credit card fraud, banks will generally restore the credit limit to the cardholder after handling the fraud incident.
If it is because the card has not been used for a long time or the number of swipes is low, it will depend on your own situation, whether to cancel the card or continue to use it to restore the limit.
If it is due to overdue payment, you need to make full repayment and proactively contact customer service, and then use the card healthily for a period of time before applying for reinstatement.
The credit limit refers to the amount of money that a lender can lend to a borrower without providing property security. It usually refers to a natural person borrowing money from a bank, and the bank is willing to lend the maximum amount based on the individual's credit status.
This amount will be determined unilaterally by the bank based on factors such as income, revenue, debt ratio, job content, company, company position, property, etc. This lending relationship usually involves a bank lending money to a natural person. On the other hand, bank lending to organizations is usually a necessary business behavior for commercial organizations and cross-border transactions.
Credit card limit
Relationship limit: ICBC users who have more than two credit cards actually have a credit card limit with a higher limit, and a credit card with a lower limit actually has a credit card limit. When using a card with a higher limit, if you use a credit card with a lower limit, not only will the limit of the credit card with a low limit be deducted, but the limit of the credit card with a high limit will also be deducted accordingly.
ICBC generally informs the card limit, but due to the relationship limit, actual cardholders cannot use the card limit, so the relationship limit is used. For example: an ICBC cardholder has two cards, one with a limit of 3,000 yuan and one with a limit of 10,000 yuan. After the cardholder uses the card with a limit of 3,000 yuan to spend 3,000 yuan, the card will only have a limit of 0 yuan, and the other 10,000 yuan. For cards with a limit of RMB 3,000, the available limit is also reduced by RMB 3,000, leaving a limit of RMB 7,000. This is the so-called relationship limit.
*** Exclusive quota: It means that a credit card holder applies for several credit cards from a bank. The quotas of these credit cards are *exclusive. The card holder swipes one of the credit cards to make a purchase. In addition, the limit of the credit card with the exclusive limit will be reduced accordingly.
Related accounts: ICBC has a total credit limit for credit card holders. Accounts within the total credit limit are set to be linked together. All credit card accounts of card holders are called related accounts. After an account is linked, it is called a linked account, also called a relationship account.
How often should the limit of Ping An Credit Card be increased?
Six months.
Fixed limit: The first withdrawal requires 6 months after using the card; if you want to raise the limit again, you need to wait another 6 months. If you want to increase the temporary limit, you can apply to the bank at any time.
Ping An Credit Card:
Ping An Bank Credit Card is the first credit business launched after the merger of Shenzhen Commercial Bank and Ping An Bank and the name was changed to Shenzhen Ping An Bank. In addition to the credit consumption of a credit card, In addition to basic functions such as cash advance, it also has many special functions, providing cardholders with comprehensive security protection covering "safety in consumption, safety at home, and safety in travel".
Ping An Bank Credit Card Center was established in 2000 and settled in Qianhai, Shenzhen in 2015. It was upgraded to a credit card franchise with secondary legal person qualifications and relatively independent operations. As of November 2018, the number of cards in circulation has exceeded 50 million.
Ping An Bank is one of the main business departments of Ping An Group of China and an important part of the comprehensive financial service platform of Ping An Group of China. As a joint-stock commercial bank operating across regions, Ping An Bank has a registered capital of RMB 5.461 billion and total assets of more than RMB 130 billion. Its head office is located in Shenzhen, and its business outlets are located in Shenzhen, Shanghai, Fuzhou, Quanzhou, Xiamen and Hangzhou.
Ping An Credit Card:
Ping An Bank Credit Card is the first credit business launched after the merger of Shenzhen Commercial Bank and Ping An Bank and the name was changed to Shenzhen Ping An Bank. In addition to the credit consumption of a credit card, In addition to basic functions such as cash advance, it also has many special functions, providing cardholders with comprehensive security protection covering "safety in consumption, safety at home, and safety in travel".
Ping An Bank Credit Card Center was established in 2000 and settled in Qianhai, Shenzhen in 2015. It was upgraded to a credit card franchise with secondary legal person qualifications and relatively independent operations. As of November 2018, the number of cards in circulation has exceeded 50 million.
Ping An Bank is one of the main business departments of Ping An Group of China and an important part of the comprehensive financial service platform of Ping An Group of China. As a joint-stock commercial bank operating across regions, Ping An Bank has a registered capital of RMB 5.461 billion and total assets of more than RMB 130 billion. Its head office is located in Shenzhen, and its business outlets are located in Shenzhen, Shanghai, Fuzhou, Quanzhou, Xiamen and Hangzhou.
Honors received:
In 2015, Ping An Car Owner Card won the "Shenzhen Banking Industry Financial Innovation Excellence Award" and "Shenzhen Nanshan District Financial Innovation Contribution."
Ping An Car Owner Platinum Credit Card won the 2017 Nandu Golden Nugget Award for "Most Popular Credit Card"
Ping An Platinum Credit Card and Ping An Elite Platinum Credit Card won the "6th Annual Credit Card Award" hosted by the Economic Observer. China Financial Excellence Award", and won the "2017 Excellent Credit Card Service Bank" award in one fell swoop.
The 2018 China Financial Development Forum and the 9th "Golden Tripod Award" awards ceremony hosted by "Daily Economic News" were held in Shanghai It was grandly held that Ping An Bank Credit Card Center won the "Excellent Credit Card of the Year" award.
Ping An Bank's Car Owner Credit Card was selected in the Auto Financial Services Category of the China Automobile "Golden Engine" Award at the 9th China Auto Finance Annual Conference. Among them, Ping An Manchester United Red Devils Platinum Card was recognized by the judges and won the "Best Car Owner Service Credit Card in 2018"
The results of the Southern Metropolis Daily's "Golden Brick Award" were officially announced. Featured Credit Card” Grand Prize.
Ping An Credit Card has successively won many heavyweight awards such as "Financial Value List·2017 Innovative Payment", "2017 Credit Card Gold List·The Most Innovative Credit Card Bank of the Year" and "The Most Internet Gene Credit Card Bank of the Year" Awards.
How long does it take for a Ping An Credit Card to have its balance reduced before it can reapply for a permanent balance increase?
If a Ping An Credit Card has its balance reduced, it can reapply for a permanent balance increase after six months. The maximum quota limit is 50% of the existing quota.
How to apply for restoration after your Ping An Credit Card has been reduced:
1. If there is suspicion of cashing out, contact customer service to explain the situation and apply for restoration.
There is an internal scoring assessment system for normal credit card transactions. Generally speaking, the higher-end the transaction, such as shopping malls, cars, and restaurants, the higher the score. On the contrary, online banking transactions will be identified as low-end customers, which is not conducive to the increase of your limit. Try to use as wide a range of credit cards as possible, but also ensure timely repayment.
2. If the credit card limit is reduced due to credit card fraud, banks will generally restore the credit limit to the cardholder after handling the fraud incident.
3. If it is because you have not used the card for a long time or the number of swipes is few, it will depend on your own situation, whether to cancel the card or continue to use it to restore the credit limit.
4. If it is due to overdue payment, you need to make full repayment and proactively contact customer service, and then use the card healthily for a period of time before applying for reinstatement.
Extended information:
Tips for increasing the credit limit of Ping An Credit Card:
1. First, understand the preference of credit card limit increase
Ping An Bank’s credit card If you want to increase your credit limit, first of all you have to swipe your card more. No matter how big or small the amount is, you should swipe your card wherever you can, including all aspects of food, clothing, housing and transportation. The number of card swipes must be more than 10 times per month.
The other is to let the bank know your spending power. The credit card consumption limit should reach about 80, and it is best not to exceed 30 of the total credit card limit. If you have the ability, you can also spend abroad, but Overseas consumption is settled in foreign currency, and there is also an exchange rate conversion fee. When repaying, you must make separate repayments, otherwise it is easy to cause overdue payments.
2. The way of swiping the card is very important
Relatively speaking, Ping An Bank’s credit cards prefer to swipe small amounts and swipe frequently. What does small amount swipe more often mean? The amount of swiping the card can be small. But you need to swipe the card more times. If you swipe the card with one swipe and empty the credit card, the bank will think that you are cashing out, and once discovered, it will block the card and reduce the limit. Therefore, if you can spend a small amount, do so to avoid risk control for large amounts.
Although there is a fee for swiping a card, it can also make more money for the bank. Only when the bank makes money will it increase your credit limit, so seize every opportunity to swipe your card in life. .
3. Increase the business relationship with Ping An Bank
You can first apply for a Ping An Bank savings card, then make more transactions on the savings card, and then make a fixed deposit of 5 in Ping An Bank Ten thousand yuan, this is the prerequisite for a credit card limit increase.
You can also purchase an insurance policy from Ping An Bank. Generally, you will be given a credit card when purchasing Ping An Insurance, and the limit is usually 5-10 times the policy limit. If you already have a credit card from Ping An Bank, you can make bill installments every six months. It doesn’t need to be too long, just 6-9 installments. Only by giving the bank some benefits will the bank be more willing to increase your balance.
4. Provide proof of assets
If you have been using Ping An’s credit card for three months and have not been able to increase your limit, you can take the initiative to call customer service and ask for an increase. If you feel that your card If you use it well, you can tell the customer service that the limit is too low, and the customer service will increase the credit card limit or invite you to apply for a higher-level card as appropriate. Or you can submit it to the bank with your driver's license, real estate certificate or financial certificate of purchase. These are all proofs that will help you raise the amount.