What to do if the credit card limit is too low

Generally, credit cards have a limit. If you exceed this limit, you cannot use it as an overdraft. So what should I do if my credit card limit is too low? Let me talk about this issue below.

01

When you apply for a credit card and the limit is too low, it is usually because you provide too little information to the bank. You can call the credit card issuing center (there is a phone number on the back of the credit card) to apply for an increase in the limit. .

02

It is not enough to apply for a credit increase verbally. You need to provide the bank with information to prove your property and repayment ability, such as salary slips, passbooks, real estate information, etc.

03

The bank will raise your credit limit, which requires an review process. During this process, you can first use the temporary limit of your credit card to make full use of the temporary limit, which will be beneficial to the bank. Give you a raise.

04

The credit card limit can also be increased slowly by using it more frequently. However, whether it is a credit card installment or a temporary limit, timely repayment is necessary. Maintain good credit and the credit card limit will always increase.

What should I do if my Bank of China credit card limit is too low?

It is recommended that you try to handle it through Bank of China’s self-service channels (Bank of China Mobile Banking, “Bank of China Credit Card” WeChat official account, Bank of China Colorful Life APP). If you handle related business through self-service channels, your credit report will also be checked. The result of the increase will be returned within 1-3 calendar days, and the result will be determined by text message. Or you can wait for Bank of China to take the initiative to increase the limit of cards that meet the increase conditions from time to time. Generally, it will conduct a comprehensive evaluation with reference to your frequency of use, repayment record, consumption type, etc. It is recommended that you choose diversified consumption and maintain a good repayment record, which will help increase your credit limit.

The above content is for your reference, please refer to actual business regulations.

What to do if your credit card limit is low? How to increase your credit card limit?

What to do if your credit card limit is low? How to increase credit card limit if it is low? It’s troublesome to have a low credit card limit and not enough money. However, for savvy card users, increasing your credit limit is not difficult.

Increasing the credit card limit cannot be achieved by relying on methods and techniques alone. We not only need to understand the rules for using and maintaining credit cards, but we also need to understand the standards used by each bank to judge whether to increase the credit card limit.

First of all, let’s take a look at some tips for increasing your credit card limit:

1. Maintain good credit and repay in full and on time

If you have already Some credit lines cannot be repaid on time, so how can the bank increase the credit limit for you?

2. Use credit cards as much as possible

Except for large purchases, try to use credit cards to pay as much as possible, and pay attention to all aspects of food, clothing, housing and transportation.

The specific method of "swiping" and how much to swipe can be summed up as the 2583 card maintenance rules:

3. 2583 card maintenance rules

"2" refers to single A single purchase should not exceed 20% of the credit card's permanent limit

"5" means that the amount of credit card swiped in a single day should not exceed 50% of the credit card's permanent limit

"8" means that each purchase per month Do not use more than 80% of the credit card limit

"3" means that the monthly use limit of each credit card should not be less than 30%

4. Let the bank "earn" money< /p>

Credit card installments, cash withdrawals and other services can allow banks to "make" money by charging certain handling fees and interest. In this way, banks will naturally be willing to increase your credit card limit.

It is said that different banks have different preferences when it comes to increasing their credit limit. The following are some tips Xiao Rui summarized on how to increase the limit of bank credit cards:

China Merchants Bank: Frequently swipe your card

China Merchants Bank likes to look at the number of purchases and is not sensitive to large purchases. Regardless of the amount, just swipe the card as much as possible. Generally speaking, China Merchants Bank can increase the limit very quickly, and it is easier to increase the limit with US dollar cards than with RMB cards. .

ICBC: Buy financial management

It is easiest for ICBC to raise the limit below 100,000. You only need to swipe your ICBC card account to double seven stars. The safest way is to buy financial products that win every step of the way.

China Construction Bank: Clever use of temporary quotas

China Construction Bank likes small quotas, frequent installments, and occasional installments. It can be withdrawn once every three months, between 50% and 60% each time.

What is even more commendable is that the temporary limit can be applied for multiple times, and the limit for new cards = the fixed temporary limit for the previous card.

China Guangfa Bank: Use text messages to increase your credit limit for large amounts

When you reach about 80%-90% of your credit limit, wait until the bill is issued, repay the balance in full, and then apply for a credit limit increase. Generally, as long as you have used the card for more than half a year, you can apply for a self-service credit increase once every three months. GF’s platinum card is more difficult to increase than the gold card. It is recommended to mainly use the gold card, as the probability and frequency of limit increase are higher.

Shanghai Pudong Development Bank: Proof of Assets

In addition to insisting on factors such as credit cards, Shanghai Pudong Development Bank values ??personal assets the most. As long as you provide proof of assets such as real estate, cars, and financial products under your name, we will immediately give you You raise the amount! If you receive an invitation installment text message from Pudong Development Bank, you are not far away from raising your quota!

Ping An Bank: Excess limit increase

Ping An Bank should maintain a variety of high-frequency consumption, and then let the balance on the card exceed the credit card limit before applying, which means paying back more money.

Can I not activate the credit card I applied for if the limit is too low? Will it affect credit?

No impact.

If your credit card limit is too low, you can apply to the bank for a limit increase. Even if you no longer want the card, you can choose to cancel the credit card. When the card is not activated, you still have to pay the annual credit card fee. However, if you plan to use this bank's credit card in the future, it is also recommended not to cancel the card easily, because after canceling the card, you will not be able to apply for it again in a short period of time.

Canceling your card will not take effect immediately. It usually takes one month. Furthermore, if your account is closed in the banking system, your credit report from the People's Bank of China will not be updated immediately, and you will have to wait for some time. Therefore, if you want to make your credit report look good, it is best to apply for a new card 2 months after canceling the card.

Extended information

However, there are risks if the credit card is not activated for a long time:

1. It is easy to be stolen: Don’t think that the card is with you, even if Others cannot steal it without activating it. But the reality is quite the opposite. Nowadays, criminal techniques are more advanced. If your credit card information is stolen by criminals, they will activate your credit card and then use it for fraud.

2. Impact on personal credit: Some special card types will involve card creation fees, and platinum cards and above will also deduct annual fees if you do not open the card. These fees will be deducted from your credit card. For direct deductions, if the repayment is not timely, it will affect personal credit once it is overdue. The consequences of bad credit are very serious, you must have heard a lot about them.

So, if you don’t want to activate your credit card, it is best to cancel the card and cancel the account. However, if the card is cancelled, it will have some impact on future credit cards from this bank.