Nowadays, the use of credit cards is very common. As long as we meet the application conditions, we can easily apply for a credit card. Generally speaking, the credit card limit will not be very high at first, so cardholders will increase the credit card limit in various ways, so that we can have more funds to use. However, contrary to the hope of increasing the credit limit, many cardholders will ask the bank to reduce the credit card limit after using it for a period of time. Why is this happening? Let's have a look.

First of all, high quotas are not always a good thing.

Many people will apply for a credit card in different banks when using a credit card. In this way, the credit card limit in hand adds up to a high level. With this money, many people will easily lose their minds and feel rich and extravagant in all aspects. I was dumbfounded when it came to repayment, because I didn't have that much money to repay the credit card debt, so I had to rob Peter to pay Paul. Use the cash of one credit card to make up for the deficit of another credit card. In the long run, many people will be unbearable.

Second, the occupation quota

The essence of credit card is short-term loan. Many people apply for many credit cards, and even if they don't use them at ordinary times, the bank will see all the credit cards in our name. If we want to go to the bank to handle related loan business, the credit lines of these credit cards should also be included in our credit lines. If the credit lines of these credit cards are too high, banks will naturally not grant us loans in order to reduce risks. Therefore, many people choose to reduce the credit card limit in exchange for more credit limit when encountering this situation.

Therefore, when we apply for a credit card, we must do what we can according to our own situation. If we don't need so many credit cards, we don't need to spend so much energy to do so much, and finally create endless trouble for ourselves.