Credit card limit, also known as credit card available limit, refers to the maximum amount of credit card you can use, which includes credit limit (that is, the maximum overdraft limit of credit card) and the amount deposited in the credit card.
the amount of any credit card depends on the effective income provided by the individual in the application process and the guaranteed value of the assets. The credit limit of a credit card is positively related to the income and secured assets of the applicant, that is, the higher the income and secured assets, the higher the credit limit.
therefore, the applicant must provide proof of income and an asset guarantee statement. Asset guarantee includes fixed assets such as real estate and automobiles, as well as current assets such as savings and bonds.
Skills of improving credit limit
1. Continuous and frequent credit card spending
Sustainability means that after owning a credit card, you should insist on long-term credit card spending, and it is best to generate credit card spending limit every month for more than three months in a row, instead of using it for a while and then freezing it for a long time.
Frequent spending means spending money by swiping your card wherever you can, regardless of the amount. The more times and businesses you swipe your card, the better. If you swipe your card at one time, it is easy for banks to think that it is suspected of withdrawing cash by credit card, and it is difficult to withdraw the amount.
second, pay attention to the amount of credit card and temporary withdrawal
pay attention to the amount of credit card and make full use of temporary withdrawal.
third, stick to the application and seize the opportunity to apply
stick to the application and seize the opportunity to apply, two-pronged. For credit card users, you can insist on applying by telephone to increase the credit card limit, because different customer service or staff members have slightly different attitudes and principles in handling this application. Maybe the last one failed and the next one passed, and the record left by insisting on telephone application will also help to apply for the amount increase in the future.
fourth, use the card cancellation threat or sleep pause
use the card cancellation threat or sleep pause. When you apply for it many times and are rejected, you can consider using this trick. Just tell the customer service or staff of the bank directly that if the credit card limit can't meet the actual needs, you will consider canceling the card. It is best to present some facts, of course, the attitude should not be too bad, and it is best to be soft and hard, so that it is easy to get room for discussion and negotiation.
Extended information:
Use caution skills
1. Pay in full to avoid cyclic interest
Although banks emphasize the interest-free period when popularizing credit cards, most people don't know the rules of interest-free period very clearly, thus spending a lot of money.
For example, during the Spring Festival, Xiao Zhang spent 4, yuan on a new mobile phone with a credit card, and only 3,999.7 yuan was in the account when he repaid it. After the bank deducted money, Xiao Zhang still owed the bank .3 yuan.
Maybe this is nothing in real life, but banks don't think so. Consumers have to pay interest if they don't repay in full, and they don't enjoy the interest-free period (daily interest = the remaining unpaid amount of the day * interest rate). It is suggested that you must repay in full when you repay, so as to avoid greater losses.
2. Temporarily increase the credit limit to avoid maxing out credit cards
In fact, every credit card has a hidden overrun limit. When you maxed out a credit card, it is easy to use the overrun limit, and once you use the overrun limit, it means paying a high overrun fee.
many consumers can't grasp it well in the process of shopping, and credit cards are often maxed out. I suggest that you apply to the bank in advance to increase the temporary limit, which will not only avoid the credit card explosion, but also increase the credit limit.
3. The minimum repayment amount must be sufficient to avoid late payment fees
In daily life, we often encounter the situation that the capital turnover is not working properly. At this time, we can choose to repay the minimum repayment limit, so as to ensure that our personal credit record will not be affected.
at the same time, there will not be too many late fees. However, it needs special attention that the minimum repayment amount must be paid in full, otherwise you will encounter high late fees. ?
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