Credit card is a card that is basically inseparable from everyone’s life. The credit card limit is also one of the concerns of many people. I believe many people have heard that as long as the credit card limit is often increased, If the loan is full and the loan is repaid on time, the bank will increase the limit. Is this true?

The bank’s card verification basis

When everyone applies for a credit card, the bank’s card verification department will base the application on the user’s personal qualifications (work, income, education), personal credit report (currently Liabilities, past credit history), personal assets (cars, houses, financial assets, etc.), check an initial limit, which is the limit for us to get the card. Generally, this limit will be slightly reserved. For example, your comprehensive score can be used to cancel the card. For a limit of 30,000 yuan, the bank will initially only provide a limit of 20,000 yuan or 25,000 yuan.

After you download the card, the bank will judge whether to give you a credit limit increase based on your card usage habits and card usage. For example, if you said that your credit limit is full every month and you repay on time, in this case, Most banks will subsequently increase your credit limit by mentioning your comprehensive score limit. If the credit limit after the increase is still not enough, it will be further increased. The increase is normally within 1.2 times or 1.5 times of your comprehensive score (see details). regulations of each bank).

But there is a situation where, although the quota is used up every month, the bank will not only not increase the quota, but may even reduce the quota. This is cashing out. Each month, one or two machines are fixed, and two or three machines are fixed. If you swipe the card for an amount of money, the bank's backend system can actually easily determine whether you are cashing out. The act of cashing out is not a real use of the card, and it violates the bank card acceptance agreement, so the bank will not increase your credit limit.

Methods to increase the credit limit other than using the full limit

In addition to the above-mentioned normal swiping of the card and using the full limit to increase the credit card limit, there are two main ways to increase the credit card limit. First, if your personal situation has changed significantly (such as job promotion, significant increase in income), you can apply for a credit limit increase; second, it can bring more benefits to the bank, such as using installment repayments for credit card repayments or applying for bank repayments. VIP credit cards that require rigid annual fees, both of which are ways to increase your credit limit.

Among the three methods, although it is helpful to increase the limit by maxing out the limit or by bringing profits to the bank, the extent of the increase is generally limited. The most important way to increase the limit is still It is your personal qualifications. Only by continuously improving your personal qualifications is the cornerstone for continuous and steady increases. After all, if your comprehensive repayment ability is there, no matter how you use up your limit or how you bring benefits to the bank, the bank will not be able to continue to increase your limit indefinitely, taking into account the risk issues.

Summary

If you are not cashing out, but have used up your credit limit for several consecutive months, and repaid the loan on time, but the bank has not given you a credit limit increase, then you can take the initiative to call the bank’s official customer service number Try applying. If the manual application fails, it can only be said that your personal conditions are very average. 5,000 yuan is the limit that the bank can accept. The bank judges that if the amount exceeds 5,000 yuan, once it is overdue, you may not be able to repay it.