How about increasing the temporary credit card limit?
1. Using the temporary credit card limit has an impact on raising the fixed limit.
On the one hand, the temporary quota is conducive to raising the fixed quota. In some banks, after using the temporary quota and paying it off, cardholders can apply to convert the temporary quota into a fixed quota, which is equivalent to withdrawing cash in disguise. On the other hand, some banks may not be able to raise the fixed credit limit by raising the temporary credit limit. This is because there is a time interval for the increase of the fixed amount of credit cards. Some banks will take the opportunity to increase the temporary credit line, which is unfavorable to the promotion of fixed credit line.
2. Temporary credit line survey
It is not conducive to applying for new card approval. When the cardholder applies for increasing the temporary credit limit, the issuing bank will make an inquiry on the cardholder's credit report and leave the inquiry record. Too many inquiry records are not conducive to applying for new cards or other loans. In addition, the temporary quota will also be reflected in the credit report. If the temporary limit is too high, if it is rashly raised and reflected in the detailed version of your credit report, then you will be affected if you want to apply for a credit card, loan or withdraw a credit card from other banks in a short time.
Benefits of increasing the temporary credit card limit
1, solve the dilemma of urgent need for money
When the emergency money and credit card limit are not enough, the temporary limit can solve the dilemma of emergency money well. It is less difficult to apply for a temporary quota than a fixed quota. Generally, you can apply for a temporary quota.
2. It is beneficial to increase the amount.
For most banks, temporary quotas can promote fixed quotas. On the one hand, upgrading the temporary limit can reflect the cardholder's demand for the limit, that is, the current fixed limit is not enough, and maintaining a good card use record after upgrading can leave a good impression on the bank.