See here for tips on how to increase your credit card limit
With the rapid development of Internet finance, the credit card market has gradually opened up, until it has become the main way of consumption for contemporary people. More and more people People accept advanced consumption. For those who use credit cards, the credit card limit is a life-saving straw. If the limit is low and cannot meet consumption needs, increasing the credit card limit becomes the most urgent need of cardholders. How to increase the credit card limit, read on.
1. Be clear about the bank’s credit limit adjustment method
1. Temporary credit card credit limit adjustment---after the cardholder successfully applies for a credit card for the first time, most of the cardholders apply for a temporary limit increase for the first time. The bank stipulates that the card needs to be opened for 3 months. You can just call the customer service of the credit card center to apply. Generally, the temporary limit is valid for 30-90 days.
2. Permanent credit card limit adjustment - after the cardholder successfully applies for a credit card for the first time, he or she applies for a permanent limit increase. Most banks require that the card must be opened for 6 months. How to increase the credit card limit? Just call the customer service of the electronic credit card center to apply. The bank will decide whether to agree to permanently increase the limit and give the amount of the increase based on the personal credit card usage.
2. The types of consumer merchants should be diversified
Not all merchants can generate income for banks. Credit card limits increase and more cardholders swipe their cards at merchants with points. In addition, different types of merchants should be cross-checked as much as possible.
3. Frequently swipe your credit card to maintain a high consumption limit
How to increase your credit card limit? It is helpful to develop the habit of paying by credit card in daily consumption life. For example, when shopping, eating out, watching movies, supermarket shopping, etc., you need to use your credit card frequently, regardless of the amount, with an average of more than 10 transactions per month. If you reach more than 20 transactions, it is easier to increase the credit limit.
In addition to the number of transactions, you should also pay attention to the total consumption amount. If it can be repaid, keep monthly bill consumption above 30% of the total limit, preferably 80% of the total limit, so that the bank will have a greater chance of issuing an invitation to increase the limit.
4. Let the bank see your "financial resources"
How to increase the credit card limit? When applying for a credit card, you can apply for the bank's savings card and save some money, or It is to buy some financial products to make the bank think that you are strong and can afford a higher overdraft limit. Of course, you can also add more detailed personal information and provide more asset certificates. This method is quite effective for cardholders whose credit limit and spending power seriously mismatch. Increasing your credit card limit is not a problem.
5. Don’t be afraid of repeated applications
How to increase the credit card limit is not achieved overnight. It needs to be through different channels, such as bank branches, telephone customer service, online banking, WeChat banking, etc. , and constantly apply for quota increases. Sometimes different channels and different customer service may give different answers.
How to increase your credit card limit? Cardholders can try the above tips, or you can consult the bank's dedicated account manager to come up with a corresponding limit increase plan based on your actual situation.
How to increase the permanent limit of Bank of China credit card?
It is recommended that you try to handle it through Bank of China’s self-service channels (Bank of China Mobile Banking, “Bank of China Credit Card” WeChat official account, Bank of China Colorful Life APP). If you handle related business through self-service channels, your credit report will also be checked. The result of the increase will be returned within 1-3 calendar days, and the result will be determined by text message. Or you can wait for Bank of China to take the initiative to increase the limit of cards that meet the increase conditions from time to time. Generally, it will conduct a comprehensive evaluation with reference to your frequency of use, repayment record, consumption type, etc. It is recommended that you choose diversified consumption and maintain a good repayment record, which will help increase your credit limit.
The above content is for your reference, please refer to actual business regulations.
If you have any questions, you are welcome to consult the Bank of China online customer service or download and use the Bank of China mobile banking APP to consult and handle related services.
How to increase the limit of a credit card
How to apply for an increase in the limit of a credit card, as follows:
1. Apply to adjust the limit by phone: Find the bank service phone number of your credit card. Make a call and follow the prompts to find the manual service. Explain your request to increase the limit. The bank will adjust different limits based on your card usage.
2. Call customer service and ask to cancel your credit card, and then you find that your limit suddenly becomes higher. However, this method is risky, and the success rate is 50%.
3. Online banking login application: Download the mobile banking of a credit card, find the adjustment limit item after logging in, and apply for a temporary limit or a permanent limit. Each bank is different, so please choose the method of adjusting the limit that suits you based on your actual situation.
4. Log in to WeChat ID, find the WeChat official account (service account) of your credit card, click Follow, find the line item, and follow the prompts.
5. Go to the bank lobby with proof of financial resources: If you really want to increase your credit limit, you can bring proof of your property, real estate or car, etc. The new bank will include it as a reference and prompt you. Your credit limit.
How to increase your credit card limit?
The relevant methods for increasing the credit card limit are as follows. As long as the application is submitted, the result will usually be available within 2-3 working days, and the permanent limit will take longer.
1. Frequency wins
Use your credit card frequently, regardless of the amount, as long as you can swipe your card, you will definitely spend it.
2. Win by amount
It is best to have at least 30% of the total monthly bill consumption.
3. Temporary quota increase
Due to short-term needs to increase the quota due to holidays, tourism, business trips, etc., you can apply for a temporary quota increase, which will be easier to approve.
4. Persistence
Continuously call for quota increase applications. Sometimes different customer service applications will be processed differently.
5. Threat of card cancellation
Canceling the card without increasing the limit sometimes works.
6. 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.
7. Seize the opportunity
The time to raise the quota is also very important. It is most effective to apply on billing day or when your card has just been maxed out.
8. Continuous consumption
The bill for card consumption must be for 3 consecutive months without interruption, that is, there must be consumption every month.
How to increase credit card limit?
As credit card consumption becomes an increasingly popular way of consumption, low credit card limits have become a pain in the hearts of many credit card users. How to increase your credit card limit?
Methods to increase credit card limit:
1. Frequently use credit cards, no matter how big or small, as long as you can swipe your card, you will definitely use it.
2. It is best to generate at least 30% of the total bill consumption every month.
3. If you need to increase the quota due to short-term needs such as festivals, tourism, business trips, etc., you can apply for a temporary quota increase, which will be easier to approve.
4. Continuously call for quota increase applications. Sometimes different customer service applications will be processed differently.
5. Canceling the card without increasing the limit sometimes works.
6. If you intend to deactivate a credit card for a certain period of time, in order to gain territory, banks will provide certain incentives for the activation of dormant cards, such as bonus increases.
7. The time for raising the quota is also very important. It is most effective to apply on billing day or when your card has just been maxed out.
8. The bills for card consumption must be for 3 consecutive months without interruption, that is, there must be consumption every month.
Credit card limit review standards:
1. Marital status: Married customers are more stable than singles and are more favored by banks.
2. Professional title and working status: Technical professional title is a testimony of the customer's working ability. Practitioners in industries with higher stability will receive bonus points.
3. Financial ability: Those who provide detailed personal income certificates, stable income, and long-term prospects for income growth will receive higher ratings.
4. Personal housing: Owning a personal housing can also show that the individual has a certain financial foundation and can get extra points.
5. Credit record: If the borrower has had an account with a bank in the past and has often had funds coming in and out, the bank will also consider adding points as appropriate.
6. Education level: Graduate students and above will be rated higher.
Important conditions for applying to increase the permanent quota:
1. The amount should be as large as possible, and the total consumption within six months should be at least 30% of the quota;
2. Make as many purchases as possible, with an average of more than 10 purchases per month, and it is easier to increase the limit when reaching more than 20 purchases;
3. There are many types of consumer merchants, such as shopping malls, supermarkets, gas stations, restaurants, hotels, tourism, and entertainment venues etc.;
4. The smaller the amount of bulk consumption such as wholesale, house and car purchases, the easier it will be to increase the limit;
5. The smaller the amount of online shopping, Alipay transactions and cash withdrawals, the easier it will be to apply for an increase in the limit. Check;
6. The types of merchants that use credit cards cannot always be similar to the nature of the business scope of the company.
That’s it for the introduction on how to increase the permanent limit of a credit card.