Applying for a temporary credit card limit has advantages and disadvantages. Make good use of the temporary credit line, you can increase the fixed credit line, but whether you use it or not, you'd better consider it according to your actual ability. If it exceeds your ability, you'd better not use it. If you use a deposit, you should also pay attention to the repayment date. You should know that the repayment date of the deposit is not the bookkeeping date, but the time when the deposit is used.

Advantages and disadvantages of applying for temporary credit card limit:

Disadvantages of applying for temporary credit card limit

The popularization of 1. quota is affected.

The temporary limit has the greatest influence on the fixed limit, because most credit card withdrawals are time-limited. For example, temporary restrictions require an interval of three months, and fixed restrictions require an interval of six months. In other words, as long as the temporary quota is used, it will take half a year to raise the fixed quota.

2. The temporary quota shall be paid in full at one time.

Temporary quota is different from fixed quota. Once it expires, it must be paid off in one lump sum. You can't choose installment, and you don't enjoy the minimum repayment amount. If the repayment is not made in full, it will be overdue, resulting in high interest charges, which will affect the credit record of the cardholder and bring a series of negative effects in the future.

3. There is no interest-free period

In fact, the temporary quota is the amount that the bank lends to the cardholder for emergency use. If there is no financial difficulty, you can choose not to. It is different from quota. Since it is an emergency for you, the bank will naturally not suffer, and it is definitely important to charge interest.

Benefits of applying for a 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. Under normal circumstances, as long as the cardholder has no overdue record, he can successfully apply for a temporary quota.

2. It is beneficial to increase the amount.

Why is it good to increase the quota with temporary quota? As we all know, if you want to withdraw money, on the one hand, let the bank know that your credit card limit is not enough, on the other hand, let the bank know that you can repay on time. These two purposes can be achieved by using a temporary line, but you must remember to repay on time.

Get integral

You can also accumulate points for credit cards by using temporary credit lines. Although there are fewer credit card points now, it is naturally excellent to get one more point. Moreover, for some business people, more points also mean that more air miles can be redeemed, thus reducing the consumption in aviation.

Therefore, whether to apply for a temporary quota depends on your specific needs. I advise you not to apply for temporary places blindly and impulsively. Some friends think that the higher the quota, the better. Apply for a temporary quota and continue to brush. At that time, if you brush a card that exceeds your repayment ability and can't repay it on time, it will not be worth the candle.