Cardholders who have learned about credit card quota sharing should know that the so-called quota sharing means that no matter how many credit cards there are in the cardholder's name, the maximum available quota is based on the credit card with the highest credit, not the sum of all single card quotas.
For example, if you have three ICBC credit cards, the credit card limit is 3,000 yuan, the credit card limit is 10000 yuan, and the credit card limit is 5,000 yuan, then the maximum limit you can use is only 10000 yuan, not 3000+ 10000 = 100. For example, if you spend 3000 yuan with a card, the total available amount is 7000 yuan.
This is also the biggest drawback of the credit card sharing limit. No matter how many cards there are in the same bank, the total credit limit will not be too much, so it doesn't make much sense to hold multiple cards. However, if you want to increase the total credit limit, you can apply for a credit card at different banks.
In addition, credit card quota sharing is not conducive to management. Although the quota is shared, except for a few banks such as China Merchants Bank, many banks have multiple credit cards with independent accounts and need to repay each credit card separately. Wrong will expire.
Another point is that the annual fees of multiple credit cards in the same bank are also calculated separately. Even if each card is of the same level, you can reduce the annual fee according to the number of swipes, and you must swipe your card separately, not the number of swipes of a card.
To sum up, the credit card sharing quota also has many disadvantages, so you'd better cancel the useless credit cards.