How to double the credit card limit quickly? These seven principles of using credit cards are very important!
1. Increase the activity of using the card and its contribution to the bank.
If you want to increase the credit card limit, but the issuer has little or no assets, the simplest and most practical way is to swipe more cards, increase the activity of cards and increase the contribution to banks. You can swipe your card whenever you can, and every time you swipe your card, you are making money for the bank. Therefore, increasing the activity of using credit cards will definitely improve the comprehensive score, which is also of great significance to the increase of credit cards.
2. Increase offline credit card consumption and reduce the consumption proportion of online third-party payment.
Many card users may not care about this one. Why should we increase the proportion of offline direct credit card consumption and reduce the online third-party payment consumption of practical credit cards? For banks, the biggest difference between the two payment methods lies in the different fees charged by merchants, because the third-party payment methods such as credit card binding Alipay or WeChat belong to online consumption, and the fees charged by banks to merchants are significantly lower than those charged by offline entities. Credit card holders' contribution to the bank is an important reference to improve the credit line. It is not recommended that the credit card be excessively bound to the third-party payment, while ignoring the direct consumption of the credit card. Every time the cardholder swipes the card, he is making money for the bank, so the bank prefers to see the cardholder swipe the card directly at the physical merchant, which makes a higher contribution to the bank and is more beneficial to the withdrawal of credit cards.
3. The credit card has been idle for a long time or the monthly consumption limit is too small.
After the credit card is activated, it has been idle for a long time, and it is impossible to accumulate contributions to the bank. At the same time, it is also a waste of resources to occupy the bank's reserve funds. Banks issue credit cards to earn income, and it is almost impossible to withdraw money when idle. If your credit card's monthly consumption limit is less than 30% of the credit line, it is likely to be listed as a negative customer by the bank. The existing credit line can meet your consumption needs and you will not consider withdrawing money.
4. The card has been used for a short time, and it has not yet reached the withdrawal time.
Banks have clear time limits for the first withdrawal and the second withdrawal of credit cards. Generally speaking, it takes 6 billing cycles to apply for cash withdrawal for the first time after the card is activated, and 3 to 6 billing cycles for the second time. You can't withdraw cash before the specified time.
5. The credit record is overdue for half a year.
If there is a record of overdue repayment of loans or credit cards within half a year in the credit record, it is difficult to increase the limit even if your credit card meets the requirements of the bank. Overdue repayment is a high-risk performance.
6. Credit records include online loan records with an amount of several thousand hundreds.
If you have borrowed an online loan, the credit record has a record of small loans of several thousand dollars, which has a great influence on credit card withdrawal. This kind of record not only has many disadvantages to credit, but also has extremely adverse effects on car loan, mortgage, other loans and credit card approval.
7. Credit cards often have a minimum repayment amount, empty cards and cash withdrawal by credit cards.
It is welcome for banks to withdraw cash by credit card occasionally, but frequent withdrawal is a sign of poor capital situation. No one with a normal financial situation will be willing to pay the handling fee and high interest to withdraw cash by credit card. Banks will worry about the repayment ability of cardholders, which is extremely unfavorable to the comprehensive score of credit cards. Credit cards are empty for a long time, and the negative impact of frequent minimum repayment is the same as frequent cash withdrawal. These operations will make the bank think that you have no repayment ability and it is difficult to withdraw money.
As for how to quickly increase the credit card limit and double it, I believe it is difficult to increase the credit card limit as long as we pay more attention to the shortcomings.
Disclaimer: The operation suggestions in this paper only represent the views of third parties and have nothing to do with this platform. Investment is risky, so be cautious when entering the market. Deal with it accordingly at your own risk.