Everyone knows that the credit card limit is high or low, so what conditions determine the credit card limit? Well, it depends. We will explain it in three situations: the first card application, the second card application and daily withdrawal.
First, apply for a card for the first time
For the first time, there are two factors that affect the limit: the level of the card and the conditions of the cardholder.
Card grade: generally, the card amount is below 1 1,000 yuan, and the gold card amount is generally 1- 1 1,000 yuan; Platinum cards are generally above 50 thousand.
Cardholder conditions:
1. Personal income: job, monthly income, nature of work unit.
2. Personal education and professional title: Higher education and technical title will increase the credit line.
3. Family conditions: whether you are married or not, whether you are local.
4. Personal assets: whether there are personal assets such as houses, cars and bank deposits.
5. Other credit cards and credit limits: If there are other credit cards with higher credit limits, you can apply for a higher credit card, but if there are too many credit cards, the application for other credit cards will be rejected.
Second, reissue the card.
For cardholders who apply for a credit card again, the bank will give a credit line according to the income of the applicant, the credit cards that have been handled in other banks, and the use records. As long as the cardholder has no record of overdue repayment and has certain repayment ability, the bank will give enough credit line for the cardholder to use.
However, for some cardholders who have applied for credit cards many times, their credit cards are overdue and the minimum repayment is maintained for a long time. In order to reduce the risk, banks generally will not approve cards or the amount of card approval will be very low.
Third, daily withdrawals
In the normal use of credit cards, if it is necessary to withdraw cash, the bank's approval is generally based on the cardholder's card use record: whether the number of swipes is enough, whether the daily limit is high enough, whether the repayment can be made on time, and so on.
If the cardholder has a good record of using the card, the bank will generally accept the application and approve it. There are also some banks that do not allow applicants to apply on their own initiative, and only banks can make judgments.
Although it is good to have a high credit card, it can solve the urgent need, but it is easy to cause one's own consumption desire if the credit card is too high, and it is easy to become a card slave if there are too many card debts.