With the popularity of credit cards, many people have applied for credit cards, but there are also many people who want to cancel their credit cards because of their low credit limit. Does the low credit card limit matter?

Does the low credit card limit matter?

The low credit card limit has an impact on selling cards. If the low-value credit card is cancelled, the bank will apply for the same bank credit card next time, and the qualification of the applicant will be stricter than that of the first-time application user. If the qualifications are average, the rejection rate may be high. In addition, the cancellation of a credit card application will be displayed on the personal credit report, and other banks will also check it when applying for another bank's credit card next time, which may affect the application of other credit cards.

When you apply for a credit card for the first time, the amount is often low. Don't apply for a card refund just because the credit card limit is low. Cardholders can use credit cards for consumption, use credit cards rationally and increase the credit card quota.