Strategy for increasing Bank of China credit card limit

First of all, full repayment is the key to increasing the limit. Although this may dissatisfy the bank, Bank of China values ??cardholders. payment history, so be sure to pay off every bill in full.

Secondly, diversified consumption is also important. Try to make at least 15 transactions per month and choose merchants with points. This can show your activity and spending power and help improve your credit evaluation.

The debt ratio is an important factor when banks consider raising quotas. Try to keep the balance between 40% and 50% of the total quota. Even if temporary borrowing is needed, it should be repaid before the bill date to reduce liabilities. impact on the amount.

Instalment payment is also a strategy, but it should be moderate. It usually starts after using the credit card for 3 months. The installment amount should not exceed 30% of the total amount. This will not only allow the bank to see that your consumption is stable, but also It can bring profits to the bank.

Overseas consumption is very effective in increasing the temporary quota. If there is an opportunity, it can be regarded as a strategy. In addition, learn to use the renewal skills of the temporary quota, that is, cancel and reapply before the temporary quota expires, so that the stable renewal of the temporary quota can be achieved.

Temporarily suspending a credit card for a period of time may trigger incentives from banks to activate dormant cards, thereby increasing the possibility of a limit increase. Seize the opportunity to increase the limit, such as applying on the billing day or when the limit has just been used up, which can increase the success rate.

In general, Bank of China prefers to increase the fixed limit through large deposits or the purchase of financial products. The management of temporary lines is also an effective means to improve the overall credit status. With proper management, it can be used as a fixed line.