Everyone is familiar with credit cards, and nowadays, credit cards are indispensable for shopping. However, if your credit card limit has not been increased for more than a year or even several years, you should pay attention to your credit card consumption habits and repayment methods. So why has your credit card limit not been increased after using it for a long time?

When raising credit card limits, don’t touch these minefields

1. Cash out in large amounts

Cashing out is a trick that many people like to use, mainly to solve the problem It is your urgent need, but if you want to cash out or withdraw cash in a large amount, the bank will regard you as extremely short of funds, which will affect your qualifications for raising funds! More importantly, don’t max out all the money in one go. This is the most taboo thing about card maintenance! It is recommended that if you really need money, each credit card swipe should not exceed 20% of the credit amount, which is safer!

2. The number of credit card swipes is too few

Credit cards must be swiped frequently to continuously increase the limit. The process of swiping the card is also a process of creating fee income for the bank. Of course, banks hope that cardholders can swipe their cards frequently. Generally speaking, the number of purchases per month for a card must be more than 6, and the amount of card swipes in a single month must exceed 50% of the total credit limit. Applications for a credit limit increase will be easily approved.

3. Failure to swipe credit cards at point merchants

When customers swipe their credit cards when buying things, merchants have to pay a certain percentage of the transaction amount to the bank as service fees. Therefore, cardholders swiping their cards at merchants is a process that generates revenue for the bank. But not swiping your card at any merchant can help increase your balance. Frequently swiping your card at some merchants without points will not only not help increase the limit, but will also be detrimental to increasing the limit, such as: real estate, charity, wholesale, etc. Cardholders should avoid swiping their cards at these merchants and instead swiping their cards at restaurants, entertainment, department stores and other merchants will help increase their credit limit and accumulate credit card points.

4. The vicious cycle of using credit cards to support credit cards only brings endless interest growth

Nowadays, everyone likes to apply for multiple credit cards. This is entirely a personal need and does not matter.

But the problem is that many people use their cards to maintain their cards and recycle the cards they have in order to repay the money. This method of repayment is really not recommended, because this method can only bring about One consequence: interest increases so much that you can’t afford to pay it back in the end. And if you maintain the card in this way, you will not meet any conditions for increasing the limit. Card maintenance must also be scientific. As long as you don't use up all the limit, do it in stages, leave 20% of the limit in the card, and pay back the money before making a payment, this method can still help maintain the card.

5. Have paid off the money in installments many times in advance

Many people repay in installments in order to reduce their monthly repayment pressure, but once they have made installments, they will no longer have the money. , just repay in full immediately, then the installment fees will still be charged, and the interest accrued on the installment will not be reduced or exempted because of your early repayment.

Here, installment is still not recommended because the interest brought by installment is extremely high.

6. Purchase online virtual items + frequently change mobile phone numbers

Remember, do not use credit cards to purchase online virtual items, such as game points, game numbers, and other virtual items, as banks will be suspicious You are cashing out, or you are judged to be an irrational consumer. High-quality people will not spend large amounts of credit card money to play games. Another thing is not to change the bound mobile phone number frequently. This principle is the same as the mechanism of Sesame Credit. People who change their mobile phone numbers frequently are those whose jobs are extremely unstable.

7. Spend all your overdraft as soon as you apply for credit

This approach is really unwise. When many people first apply for credit, they may be tempted to spend all their money. I used the POS machine to swipe it out, but the limit was completely overdrawn.

8. Never handle installment or cash withdrawals

Credit card installments and cash withdrawals are bank charges. Cardholders need to bear certain handling fees. Of course, banks are happy to see cardholders If a person handles the above business and applies for an amount increase after installment or cash withdrawal, the bank will easily approve it with incentives.

9. Suddenly swiping cards like crazy for a period of time, or even making large purchases

Banks prefer cardholders who are stable, rational, and have good consumption habits. If you don't use your credit card for a long time, and suddenly spend a period of time like crazy, or even make large purchases, the bank will think that your consumption is unstable and irrational, and may even suspect your personal financial situation.

At this time, the bank will be very cautious and strictly control risks, and it is very likely to reject your application for a limit increase. Cardholders should spend rationally and rationally over a long period of time, keep the number and amount of monthly purchases stable, and establish good personal credit. Then, if you increase the card swiping frequency and usage limit in a certain month, it will be safer to increase the limit!

Reasonable use of the card is the most important

Credit card limit increase seems to have many rules, but in fact, it can be summed up as reasonable use, borrowing and repaying, if your spending power and repayment If your ability is matched, the bank will naturally increase your credit card limit. Some people think that if you swipe more cards, you will definitely be able to increase the limit. This understanding is not comprehensive. Although banks encourage cardholders to swipe more cards to spend, the "swipe more cards" here refers to It’s about more card swiping times and more card swiping scenarios, rather than a higher consumption limit. If you frequently max out your credit card, the bank will suspect you of cashing out. In addition, frequent swiping of credit cards can easily lead to over-consumption. Once the amount of swiping a card exceeds your repayment ability, not only will it easily lead to an overdue credit card, but you will also be firmly trapped by the credit card and eventually become a card slave.