How to use the temporary credit card limit?

Credit card limits are divided into fixed limits and temporary limits. The initial credit limit applied for by many people is not ideal, and it does not happen overnight if they want to increase it. Although it is difficult to increase the fixed limit, it is much easier to increase the temporary limit. However, Xicaijun reminds you that you must know how to use the temporary limit of your credit card, otherwise you will not know how to get into trouble.

The conditions for applying for a temporary credit limit are as follows:

1. Continue to use the card for more than 3 months;

2. Good personal credit and no bad records;

3. If there is a temporary limit requirement, the bank invites an increase or the cardholder actively applies.

How to use the temporary credit card limit?

First of all, the temporary credit card limit has a validity period, usually between 1 month and 3 months. After expiration, the credit card limit will return to the original fixed limit. For example, the temporary limit of ICBC credit card is valid for 60 days, China Merchants Bank credit card is valid for 30 days, and Guangfa Credit Card is valid for 20-50 days.

Then, the temporary credit limit can be used for daily overdraft consumption, and the temporary limit can be used wherever credit cards can be swiped.

The last point is how to repay the credit card after the temporary limit is used. It should be noted that the temporary limit of the credit card cannot be divided into installments, nor can it be included in the minimum repayment amount. It needs to be paid on the first payment after the billing period. Repay the loan in full on the repayment date, otherwise it will be recorded as overdue and affect your personal credit report.

Summary: How to use the temporary credit card limit? Just remember the validity period and repayment method. If the temporary quota you applied for is not used, it will become invalid, which may affect your next application for a quota increase! Therefore, it is best to apply if you have actual consumption needs.

How to use the temporary credit card (credit card) limit?

The temporary limit of a credit card (credit card) is different from the fixed limit. The temporary limit has a validity period and must be used within the validity period. At the same time, when the temporary limit expires, it must be paid off in one go. Installment repayments or minimum repayments are not allowed. Therefore, you must pay attention to some tips when using the temporary limit.

1. Pay attention to the validity period

After applying for a temporary quota, it must be used within the validity period. If it expires, it cannot be used.

2. Pay attention to the minimum repayment amount

If you successfully apply for a temporary limit, the minimum repayment amount of your credit card (credit card) will change. If you do not pay attention to changes in the minimum repayment amount when repaying, there is a risk of overdue payment.

3. Unable to repay in installments

The temporary limit must be paid off in full during repayment. If there is insufficient repayment ability, it will increase the repayment burden. It is recommended that even if you have a temporary limit, you should use it appropriately and avoid excessive overdraft consumption.

Here are various practical tips on how to use the temporary credit limit limit

Usually when they need to purchase high-value goods, cardholders will apply to the bank to temporarily increase the credit card limit. At the same time, before some peak consumption periods come during holidays, major banks will invite some users to increase their credit card balance for consumption. So, how to use the temporary limit of credit card? Various practical tips will be revealed to you immediately.

Concerning how to use the temporary limit of a credit card and how to apply for a limit increase, I would like to inform you:

1. Application form

Apply at a bank outlet and call the bank Customer service hotline, apply through online banking;

2. Temporary quota increase

The range of temporary quota increase for major banks usually ranges from 10 to 100 of the previous limit;

3. Validity period of temporary quota

The validity period of temporary quota is usually 1-3 months. After the validity period, it will return to the previous fixed quota;

4. Temporary quota Repayment

The temporary limit repayment must be repaid in full at once, otherwise it will affect your personal credit and you will also need to pay additional fees such as interest and late fees.

For example, Ms. Wang's credit card has a fixed limit of 50,000 yuan and a temporary limit of 5,000 yuan. She spent 52,000 yuan last month, which means she used a temporary limit of 2,000 yuan. The 2,000 yuan needs to be repaid in full in one go.

This is where I will introduce you to how to use the temporary limit of your credit card. At the same time, in the credit card section, you can click

Convenient Entry

to learn more!

How to use credit card limit

After applying for a credit card, you can get a credit limit. Within this limit, the user can consume, and then repay the consumed debt on time on the repayment date. You can get points when you use your credit card to make purchases. The points can be redeemed for goods in the points mall. You generally need more points when redeeming.

When using a credit card, you should pay special attention to its billing date and repayment date. On the billing day, you can know how much money you spent in the last consumption cycle. On the repayment day, you need to give the billing date. All outstanding debts were paid off. Installment repayment or minimum repayment amount can be used when repayment cannot be made on time.

Users are best not to overdue repayments when using credit cards. Penalty interest will accrue after overdue payment. The longer the time, the more the penalty interest will be, and the burden of later repayment will also increase. Moreover, after the due date, the bank will upload it to the credit reference center. If the personal credit report is bad, the bank's loan application will be rejected.

In order to ensure that there will be no overdue repayment during the use of the credit card, the consumption using the credit card must not exceed 50% of the monthly income, so as to ensure on-time repayment. If you cannot control your consumption, you can set a consumption limit on your credit card to prevent excessive consumption.

This ends the introduction on how to use credit card limits and credit card usage limits. Have you found the information you need?