Reasons for credit card limits not being increased

1. The number of credit card swipes is too few

Credit cards must be swiped frequently. It is best to use it as a savings card. It can be used For credit cards, be sure not to use debit cards or money from WeChat and Alipay. Be sure to use diversified purchases frequently. Various types of merchant purchases can be used for food, clothing, housing, transportation, and entertainment. Keep small amounts and use the card multiple times, but you must pay attention to whether the credit card is It is best to control the total consumption limit at around 80% of the total limit. If it proves that you have the ability to spend, he is more willing to raise it.

2. No large-amount consumption

After making a single large-amount purchase with a credit card, immediately apply to increase the credit limit. It is easier to obtain approval because a single large-amount purchase is equivalent to the credit card limit. Generally speaking, the limit occupied is relatively high. For example, if the limit of a new card is 10,000, and you spend 9,000, this is a large amount of consumption. If you apply for a limit increase immediately after consumption, there is also a high chance of a limit increase.

3. Swipe cards at merchants without points

Many people like to use capped machines and zero-rate machines, such as real estate, charity, and wholesale machines, which do not have points. of. Without points, the bank can't make money. If you can't make money, why should you increase your credit limit? You should swipe your card more often at restaurants, entertainment and department stores. It can show your spending power and help you accumulate credit card points. Nowadays, many credit cards Points are very useful, such as some platinum credit cards and some high-end activities, so be sure to spend at merchants with points.

4. Failure to apply for installment payment

Many people are unwilling to do this, because there are handling fees for installment payment, and some also have interest, so they think it is a bank. You are making your own money, but this thinking is exactly wrong, because if you don’t let the bank make your money, how can the bank withdraw it for you? From the perspective of cardholders, online payment is considered to be the riskiest among the credit card payment methods, because malicious people may use phishing, eavesdropping on network information, fake payment and other means to steal user information. When paying online, you need to enter the validity period of the credit card, the Visa CVV2 code/MasterCard CVC2/UnionPay CVN2 number next to the signature column on the back of the card, the online transaction password, and sometimes you need to enter your name, a verification code randomly generated by the web page, etc. After the input is completed, click Submit to complete the online payment. With the development of the Internet, the security of online payment and credit card payment has gradually improved, which has also set off the trend of online consumption.

Why is your credit card limit so low when your income is quite high? The reason was finally found

When applying for a credit card, many banks pay more attention to the applicant's financial ability. The higher the income, the higher the credit card limit. After all, income can reflect a person's repayment ability. However, not everyone with a high income can get a large credit card. Some people have questioned why the credit card limit is so low even though the income is quite high. Let’s take a look at why.

Analysis of the reasons why applicants with high incomes have low credit card limits

Although it is true that applicants with higher incomes can apply for large credit cards, this is not absolute. After all, applying for a credit card does not only depend on income. The bank also looks at the applicant's credit report, inquiry records, debt ratio, long-term credit, total credit from other banks, etc. If there is a problem with any of these items, it will affect the approval of the card. Quota.

1. Applicant’s credit report: If the applicant’s monthly income is high, but there is a past overdue record, or there is currently an overdue payment, it may result in a low credit limit or even a card application. Rejection happens.

2. Inquiry records: This can reflect the applicant’s loan application status in the recent period. If the bank or lending institution has frequently inquired about the applicant’s credit in the past three months, it will give the bank a sense that the applicant is lacking. The impression of money is that you urgently need a credit card or loan to make money.

3. High debt ratio: The higher the income of the applicant, it does not mean that he will not be in debt. On the contrary, he may be in serious debt. If the bank approves a card with a high limit, it will be very risky. In all likelihood, it will increase the applicant's high debt ratio.

4. Multi-party credit: This refers to the number of credit cards held, that is, more than one bank issues credit cards to cardholders. If the number is more than 5, then other credit cards will probably not be approved, even if it is a fluke. The credit limit will also be low.

After seeing this, everyone must have some understanding of the reasons why you can’t get a large-deposit card despite your high income. After all, income is not the only criterion for measuring credit card limits. If any of the above situations occurs, All of them will affect the credit card approval limit.

What are the reasons for the decrease in credit card limit?

When we use credit cards, various accidents often happen. The credit card is stolen or swiped. The credit card cannot be withdrawn after several years. There are even cases where the card is used and the card is used. The amount does not increase but decreases. So what are the reasons for the decline in credit card limits?

1. The first reason for reducing your credit card limit is probably that you are not using a credit card. If you want a high credit card limit, it is not just a matter of having a good credit record and repaying your debt on time. . If you don’t use the credit card after you get it, or only use it a little, and the monthly usage does not exceed 10%, the bank will think that this limit is completely enough for people who don’t use the card very much. No, there is no need to increase the limit for you. You can even reduce the limit by some amount. Anyway, it is enough. Therefore, in addition to a good credit record, spending power is also a criterion for bank limit determination.

2. Spending power is very important, as is repayment ability. If your credit card is overdue due to various reasons, don't worry, it will definitely lead to a reduction in the limit. Why? Because the bank will not consider so many factors, they will only consider: If you are overdue, it means that you do not have the ability to repay. If you can't repay, then reduce the limit to a standard that you can still repay!

3. In addition, there is another behavior that will definitely reduce your limit, which is cashing out. What I want to tell you here is that cashing out with credit cards is an illegal act. Many people may think that they are cashing out without anyone noticing, but banks are not stupid either. They even withdraw a sum of money outside of business hours. Or go to a small supermarket, but spend tens of thousands of dollars at a time. This is abnormal consumption, and the bank can also check it. This kind of unreasonable consumption behavior is suspected of cashing out in the eyes of the bank. If If found out, the amount will definitely be reduced.

The above is an introduction to the reasons for the decrease of credit card limit. I hope it can help netizens.

Why can’t the credit card limit be increased? The solution is easier to find the cause

Many people apply for credit cards in order to make their lives more convenient. However, because everyone's qualifications are different, the credit limit is different. Although the credit card limit will be adjusted by the bank from time to time, many people have been unable to increase their credit card limit. So why is this happening? Find out today.

Why can’t the credit card limit be increased?

1. The qualifications are not up to standard: the cardholder’s qualifications change during the process of using the card, such as having bad credit, or large debts, and poor repayment ability. Even if the credit card is used for a long time, the bank will not No increase will be given. Therefore, if your credit limit cannot be increased, it is recommended that you get a credit report to see where your credit limit is failing.

2. The usage rate is too low: Many people often do not use their credit cards after they have been approved, especially for accounts that have not had any transactions for more than 180 days. In this case, the credit card limit will be lowered and the limit will be allocated to those in need.

3. There is no standard use of the card: one is that the card is used in the wrong way, such as cashing out to maintain the card, let alone raising the limit, it is still good if the card is not derated and blocked; the other is that the purpose is incorrect According to regulations, banks will monitor the flow of credit card funds at any time. If they find that the credit card is used in prohibited areas such as investment and stock trading, they will not increase the credit limit.

4. The repayment method is wrong: No matter what, you must use your own bank card to repay the credit card, do not use other people’s accounts, especially finding someone to repay on your behalf is even more undesirable. In the credit card details If there is a record, the cardholder's repayment ability will be questioned and the credit limit will not be increased.

In short, there must be a reason why the credit card limit has not been increased. For cardholders, instead of racking their brains and taking advantage of opportunities, it is better to standardize the use of cards, maintain good credit, and occasionally make more contributions, sooner or later The amount will be increased one day.

Reasons for low credit limit when applying online

The credit limit when applying for a credit card online is generally not high. For example, those who apply for credit cards through online application channels such as China Construction Bank, China Merchants Bank, and Industrial and Commercial Bank of China, the credit limit is generally 3,000. To within 50,000, the specific reasons are as follows:

First of all, the central bank needs to tighten monetary policy. This is a general environment, and it may have something to do with it. No matter how tight the bank is about money, it will not be nervous about credit cards. Because credit card money circulates quickly and the profit margin is very high, even if you have multiple credit card mortgage loans, you still need to use it as a credit card.

Secondly, because cardholders have been using the card for a while, they need to get used to each other. The card issuer will know your spending habits. The fixed amount given to you will be proportional to your income and consumption. And it’s very suitable (this may not be something many cardholders want to admit). I once heard a cardholder complain that the card limit issued to her by Bank of China was only 12,000. I did some private calculations and found that the fixed quota of 12,000, plus the required quota should be about 20,000 if she was willing. That person is about 26 years old. Even if her salary is 10,000 per month (5,000 is probably very good), can her monthly card consumption reach 6,000? So I think the limit is too high

Thirdly, why does the credit card limit need to be increased? Because as time goes by, cardholders' wages will rise and consumption will increase. So an increase is needed. But judging from the situation of most people, will the income of a cardholder with a stable income increase by 10% a year? I guess not? So why do you ask the bank to give you a credit limit increase of 100 within a few months?

Reminder: The information submitted when applying for a credit card online is very simple. If you have not applied for a card at the bank and do not have any auxiliary information for reference, the credit limit is generally relatively low, but you can apply at the bank in advance. Saving money on a bank debit card will help increase the card limit.

This is the end of the introduction on why the credit card limit is not high and the influence of credit cards with low credit limit on large credit cards. I wonder if you found the information you need?