One day when Lao Wang told me about the credit card and foreign currency transaction-based limit increase, I was confused at the time! Can the credit card limit be transferred to foreign currency?

I have never seen foreign currency in my life!

Do you need to use foreign currency to increase the credit card limit?

Lao Wang is willing to talk, and of course I am willing to listen. As the saying goes, you will learn as long as you live.

If I love learning so much, I will definitely live a long life!

Foreign currency transaction-based credit transfer is to use foreign currency for credit card transactions.

You only need to swipe your card at an overseas POS machine for consumption.

1. Since you use foreign currency for transactions, you must be abroad. Can you do business or travel abroad without certain financial strength? This invisibly improves your strength. Can the bank feel confident lending you money?

2. The handling fee for credit card foreign currency consumption is relatively high, and the bank does not have to worry about you cashing out, not to mention that it can also generate income for the bank. Why not for banks?

3. For those who spend money abroad, the bank will loosen the limit on the amount increase. After all, the bank is worried that your lack of money to cause trouble abroad will affect your image.

And the frequency of consumption is also an important factor in credit card limit increase. Foreign currency transactions generally require currency conversion, which invisibly increases the number of purchases, which has a great impact on the amount increase! Moreover, many banks have also stated that swiping foreign currency will help increase the credit card limit. Although banks will also increase the limit based on a comprehensive analysis of credit card usage, swiping foreign currency is still a good way!

Another point is that many credit cards can exceed the transaction limit overseas. Some credit cards can exceed the limit by 10%, and some cards can reach 30%, so you must pay attention to this when spending abroad. !

Lao Wang told the story of one of his friends whose credit card limit skyrocketed when he was a purchasing agent for overseas purchases.

Ms. Zhang mainly works as an overseas purchasing agent and often purchases foreign cosmetics, luxury bags, etc. for others. At the beginning, Ms. Zhang's several credit cards had a total credit limit of only more than 100,000, and she purchased about 1 million worth of goods every month. Because the credit card limit is insufficient, Ms. Zhang often has to make several trips back and forth. After one month of doing the purchasing business, Ms. Zhang’s credit card limits have almost doubled.

The funds for purchasing agents flow back quickly. After the funds returned, Ms. Zhang went to purchase for others. Seeing that Ms. Zhang was strong and mostly spent money in foreign currencies, the bank took the initiative to replace Ms. Zhang's platinum card. Nearly eight months later, the total limit of Ms. Zhang’s credit cards reached more than 1 million.

This also proves that increasing the limit for foreign currency transactions can skyrocket your credit card limit. Cardholders who have the conditions can try increasing the foreign currency limit. Just think of it as a trip!