What is a Secured Credit Card?

The credit card limit, which is usually the credit card available limit, refers to the maximum amount that you can use for the credit card. It includes the credit limit (that is, the maximum credit card limit that can be used for overdrafts) and the amount of credit cards.

Credit card limit

Credit card limit

I. Consecutive and frequent credit card consumption

Persistence means that after you have a credit card, you must adhere to long-term credit card spending. It is best to have a credit card spending limit for each month for more than three consecutive months. Do not use it for a period of time and then freeze it for a long time.

Frequent is to try to swipe the card wherever you can swipe it. Swipe the card regardless of the amount of money, the more times you swipe and the better, the better. If you swipe the card at one time, it is easy for the bank to think that the credit card is suspected to be withdrawn. .

Pay attention to the amount of credit card and temporary withdrawal

Pay attention to the amount of credit card and make full use of temporary withdrawal.

3. Persist in applying and seize the opportunity to apply

Adhere to the application and seize the opportunity to apply for a two-pronged approach. For credit card users, they can insist on using the phone to apply for an increase in credit card limits, because different customer service or staff members have slightly different attitudes and principles when processing this application. Maybe the previous one failed, the next time it passed, and Sticking to the records left by the telephone application will also help to apply for future withdrawals.

Fourth, the use of card cancellation threats or hibernation suspension

Use card cancellation threats or hibernation pauses. When you make multiple applications and are rejected, you can consider using this trick, and directly tell the bank's customer service or staff, if the credit card limit can not meet the actual needs, you will consider canceling the card, it is best to put some In fact, of course, the attitude must not be too bad, it is better to be soft and hard, so that it is easy to obtain room for consultation and good dealings.

Full repayment avoids recurring interest

Although banks have emphasized its interest-free period when popularizing credit cards, most people don't know the rules of the interest-free period, and thus spend a lot of money. For example, during the Spring Festival, Xiao Zhang bought a new mobile phone with a credit card and paid 4,000 yuan. When he repaid it, his account was only 3999.7 yuan. After the bank deducted it, Xiao Zhang owed the bank 0.3 yuan. Maybe this is nothing in real life, but banks do nt think so. Consumers have to pay interest without full repayment, and do not enjoy the interest-free period (interest per day = remaining amount outstanding on the day * interest rate) . It is recommended that everyone repay in full when repaying, so as not to lose more.

Temporarily increase credit limit to avoid credit card bursts

In fact, every credit card has a hidden limit. When you use your credit card, it is easy to use the limit. Once you use the limit, it means that you have to pay a high limit fee. Many consumers are not able to grasp well during the shopping process, and often the situation of bursting credit cards. Here we recommend that you apply to the bank in advance to increase the temporary limit. This will not only prevent the credit card from being used up, but also increase the credit limit.

The minimum repayment amount must be sufficient to avoid late fees

In daily life, we often encounter situations in which capital turnover is not working. At this time, we can choose to repay the minimum repayment limit, so that we can guarantee that our personal credit history will not be affected, and there will not be too many late fees. However, it is important to note that the minimum repayment amount must be paid in full, otherwise high late fees will be encountered. ^[1]