When applying for a credit card for the first time, what is the limit?

In the initial review, the credit limit is comprehensively assessed based on the information attached by the cardholders when applying, and then combined with the specific circumstances of the cardholders. The specific credit limit is subject to the review results. The credit limit (fixed limit) of China Merchants Bank Credit Card starts from 1,000 yuan or the equivalent in US dollars, and the upper limit is 50,000 yuan or the equivalent in US dollars.

Generally, the fixed limit range for regular cards is 1,000 yuan to 10,000 yuan, and the fixed limit range for gold cards is 10,000 yuan to 50,000 yuan. The limit of a platinum card is generally a fixed limit of 50,000 yuan plus a temporary limit that is actively adjusted for everyone every month. At that time, the combined limit of the two parts can be used for swiping the card for consumption.

Generally speaking, there will be no obvious difference in the credit card limits of various banks. As far as individuals are concerned, it mainly depends on the degree of creditworthiness. Generally, you need to provide ID card, proof of work income (general banks have standard samples), Contact number of yourself and your relatives, address and phone number of your workplace, and living situation. The credit card limit will be based on your annual income and workplace status. The higher the comprehensive score, the greater the success rate of applying for a credit card and the higher the limit. Statement: The article comes from the Internet and is only for netizens to learn and communicate. If there is any infringement, please contact us to delete it.

What is the credit limit when applying for a credit card for the first time?

Generally speaking, the credit limit when applying for a credit card for the first time is about 3,000 yuan to 10,000 yuan. Don’t be discouraged if your first-time credit limit is low. You can increase your credit limit by maintaining good card usage habits.

Applicants apply for a credit card at the bank counter. The more income, property and other materials they provide to prove their ability to repay, and the better their credit record, the higher the credit card overdraft limit that will be issued. It is convenient to apply for a card online, but since relevant materials cannot be provided to the bank online, the credit card overdraft limit obtained in the end will be low.

At work, you may often encounter bank staff selling credit cards door-to-door. Many banks claim that their credit card limits are high and the limit can be increased quickly, but these are all deceptive. Generally speaking, for the first time, The limit for applying for a credit card is not too high. The bank will determine the limit based on the cardholder's salary and income level. If the cardholder's monthly salary income is X, then the limit is basically 1x-2x, that is, between X-2X.

On the one hand, banks will be more cautious about those who apply for a credit card for the first time.

Since the bank will check the credit report when applying for a credit card, but the credit report of cardholders without application records is blank. The bank does not know the cardholder's performance history and credit level, so it will be more cautious. , mainly based on monthly salary income as a reference.

On the other hand, if we want to increase the limit of the initial card approval, it is recommended to provide proof of assets, income statement and consumption list to prove that we have consumption needs and repayment ability. The bank will also provide proof of assets according to our requirements. The information will be re-evaluated, and if the requirements are met, the limit can be increased.

Extended information:

You can try three ways to increase the credit limit

Bankers in the city said that for citizens with low-limit credit cards, there are three ways to Ways to increase the overdraft limit

1. Increase the frequency of credit card swiping. Cardholders try to use credit cards to pay as much as possible in daily consumption. After several months of continuous consumption, you can actively apply to the bank, and the bank will decide whether it is necessary and possible to increase the limit based on the cardholder's consumption record.

2. Repay the loan in full and on time. You should avoid paying interest beyond the interest-free period due to untimely repayment. Otherwise, it will not only be detrimental to improving your credit limit, but may also cause stains on your credit record.

3. After getting the credit card, you can proactively provide proof of asset income to the bank. The more detailed the proof materials you provide, the higher the credit limit you may get approved by the bank.

What is the limit when applying for a credit card for the first time?

When applying for a credit card for the first time, most banks determine the limit based on the applicant’s monthly salary level. Generally, the limit is between 1,000 yuan and 10,000 yuan. Yuan does not vary.

Most people's first credit card limit is relatively low. As long as you repay on time, the bank will gradually increase your credit limit.

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What is the limit of applying for a credit card for the first time?

For most people The limit for applying for a credit card for the first time is generally less than 10,000 yuan. If the user feels that the limit is relatively low, the credit card limit can be increased through continuous use in the later period. Usually a new card must be used for 6 months before you can apply for an increase in the fixed limit, but you can apply for a temporary limit after 3 months.

If users want to get a higher credit limit for the first time, they need to submit better financial proof. Only by letting the bank know your repayment ability will the bank approve a higher credit limit for you. For high amounts, the financial proof here includes real estate information, driving license, provident fund, etc.

The user's application method will also affect the card limit. Generally, you can get a higher limit if you apply through the bank counter, and a lower limit if you apply through the bank's official website. However, you can apply faster on the bank's official website. Obtaining a credit card is especially suitable for users who need a credit card urgently.

It usually takes 20 working days for users to apply for a credit card and get the card. When users get a new credit card, they need to know its basic information, such as annual fee, bill date, repayment date, overdue interest, etc. This information allows cardholders to better use their credit cards. When activating a credit card, you need to set an inquiry password and a transaction password. Be sure not to confuse these two passwords when setting them.

What is the limit for applying for a credit card for the first time?

The limit for applying for a credit card for the first time usually starts at 5,000, usually around 5,000 to 10,000. If you spend more and on time later, The repayment limit can be easily raised.

Credit card limit, also known as credit card available limit, refers to the maximum amount that can be used by your credit card. It includes credit limit (that is, the maximum overdraft limit of a credit card) and the amount deposited into the credit card. .

The limit of any credit card depends on the effective income and asset security value provided by the individual during the application process. The credit limit of a credit card is positively correlated with the applicant's income and secured assets, that is, the higher the income and secured assets, the higher the credit limit obtained. Therefore, applicants must provide proof of income, provident fund social security, and asset guarantee statements. Asset guarantees include fixed assets such as real estate and cars, as well as current assets such as savings and bonds.

Use attention skills

Repay in full to avoid recurring interest

Although banks emphasize the interest-free period when popularizing credit cards, most Some people are not very clear about the rules of the interest-free period, and thus spend a lot of money in vain. For example, during the Spring Festival, Xiao Zhang paid 4,000 yuan with a credit card to buy a new mobile phone. When the repayment was made, there was only 3,999.7 yuan in his account. After the bank deducted the money, Xiao Zhang still owed the bank 0.3 yuan. Maybe this is nothing in real life, but banks don’t think so. If consumers don’t repay in full, they must pay interest and do not enjoy the interest-free period (daily interest = interest rate on the remaining outstanding amount of the day). It is recommended that everyone repay the loan in full to avoid greater losses.

Temporarily increase your credit limit to avoid maxing out your credit card

In fact, every credit card has a hidden over-limit limit. When you max out your credit card, it is easy to use the over-limit limit. , and once you use the over-limit limit, it means you have to pay a high over-limit fee. Many consumers are not able to grasp the purchase process well and often max out their credit cards. It is recommended that you apply to the bank in advance to increase the temporary limit. This will not only avoid maxing out your credit card, but also increase your credit limit.

The minimum repayment amount must be sufficient to avoid late payment fees

In daily life, we often encounter situations that do not work. At this time, we can choose to pay the minimum repayment limit, so as to ensure that our personal credit record will not be affected, and at the same time, we will not incur too many late fees. However, special attention should be paid to the fact that the minimum repayment amount must be paid in full, otherwise you will encounter high late payment fees.

This concludes the introduction to the first-time credit card application limit and general first-time credit card application limit. Have you found the information you need?