How to increase the credit card limit to 50,000-500,000?
How should you use a credit card to quickly increase your credit limit? Let me tell you right now, if you want to increase your credit card limit, you must comply with a premise, the binomial law. This is also the valuable experience summarized by the Ahu Financial team after countless actual limit increases.
A premise:
This premise means that your credit card usage must reach the usage period specified by each bank before you can be eligible for a limit increase. The general standard is at least 6 More than a month, of course, some banks have lower requirements. It only takes a minimum of 3 months to apply for a limit increase. This is a hard condition that you must meet before applying for a limit increase. It is also an observation and assessment period before the bank raises your credit limit.
For specific 14 lines, how long each bank can provide fixed and temporary withdrawals, please check the 14 lines withdrawal schedule.
Binary Law:
That is, the bank’s two major assessment criteria for your credit evaluation during the observation and assessment period:
1. Prove to the bank that you have the Certain spending power
If you want to prove to the bank that you have sufficient spending power, you must start from the following two aspects:
1. Frequency of consumption: more than 15 times a month
Swipe your card decisively wherever you can swipe your card for consumption, both for large and small amounts. Even if you go to the supermarket to buy a bottle of mineral water, you have to swipe your card, and the more merchants you can buy from, the better, such as: supermarkets , department stores, pharmacies, high-end restaurants, KTV, hotels, air tickets, entertainment clubs, leisure centers, etc., and even overseas shopping and consumption as long as conditions permit, we will cover it. In a word: like a bank, it fully proves that you are a wealthy person people. If you act as an intermediary to raise cards for others, the focus is to simulate real consumption. This can be used as a reference and is of great practical significance!
2. Consumption amount: 80% of the limit
Credit cards generally have a consumption limit and cash withdrawal limit. It is safest for us to control the amount of card consumption every month to 80% of the consumption limit. Of course, it is okay for the card to be maxed out occasionally, but there are two points that need special attention:
(1) The number of purchases in a single month should not be less than 10 transactions
(2) Single The amount of one consumption cannot exceed 90% of the total limit
If the above situation occurs for 3 consecutive months, it will be automatically reduced by 80% by the People's Bank of China system. The consumption function of the card will be suspended if this situation occurs for the second time. . If you use POS machines without points or rates three times in a row, the card will be blocked or the limit will be reduced to 1 yuan. Don’t think I’m talking nonsense here. If you don’t believe me, you can try it. I believe you will learn a lesson, unless you are smart enough to learn from the valuable experiences summarized by your predecessors!
2. Prove to the bank that the funds provided by the card for you are safe and secure
To prove this, you must repay the money on time and in full before the monthly repayment date.
You are required to repay your credit card every month from the second day of the bill date to the final payment date. The repayment amount must be based on the amount on the bill, and you must try to repay it in full. Of course, occasionally doing bill installments is also helpful to increase the balance, but in most cases it is recommended to repay in full. Never pay the minimum repayment amount. Once you use the minimum repayment amount, the bank will think that you have no money. Just imagine a person who has no money. Will the bank lend you more money?
But if we want to achieve the above two points, we need to swipe our cards on various occasions, and they must be high-rate machines with points, and the amount of consumption is almost a max-out. critical state.
This will inevitably cause the following two major problems for cardholders over 90 years old:
1. Expenditure is greater than income, resulting in making ends meet
Some people want to simulate real scenarios They spend at all costs on various high-end occasions, but fail to live within their means. Considering the consequences of high consumption, it will cause huge financial pressure when it comes to repaying the loan. Not only can they not raise the limit, but they have become a card slave.
2. The cost of maintaining a card is too high
In order to increase the limit, some people go to various intermediaries and spend huge amounts of money to maintain their cards after their cards are maxed out. Card fees require these intermediaries to help them maintain their cards. The consequences of doing so are:
1) Your card is used by some intermediaries at some POS machines or even capped machines without points. This is a direct result after a long time. That is, the card will be reduced or even blocked.
2) You need to find multiple intermediaries to perform card maintenance on different high-rate POS machines, which results in the need to pay high card maintenance fees every month, which is not worth the gain.
Is there a way or strategy to simulate consumption in real scenarios and meet the consumption frequency and amount standards without having to pay high card maintenance fees every month, so as to easily and quickly increase the credit card limit? Woolen cloth? Also, how to act as an intermediary to raise cards for others?
Of course the answer is yes. I have updated many articles on card maintenance before. You can read the previous articles. If there is a chance later, I will update you with some detailed steps, so stay tuned! [img]
Credit card 2583 and 4321 rules
The "2" in "2583" means that the cardholder's single consumption cannot exceed 20% of the total amount, especially when using large Credit card users must keep this in mind. Banks like small and multiple purchases. Spending too much at one time will make the bank suspicious of your consumption motives and thus control your risk.
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The "5" in "2583" means that the cardholder's daily consumption amount cannot exceed 50 of the total credit card limit. The reason is the same as above. Because there is a limit to the bank's tolerance for large purchases, unless the merchant where the cardholder swipes the card is particularly good and can allow the bank to earn enough card swiping fees.
The "8" in "2583" means that the cardholder's total credit limit per month cannot exceed 80% of the total credit card limit. No matter what bank it is, frequently maxing out the card will invisibly increase the amount of credit card usage. In order to avoid overdue risks, banks generally will not give you too high a limit. Only in this way can risks be controlled.
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The last one is the "3" in "2583", which refers to the amount of credit card consumption each month The total credit limit must not be less than 30. The bank mainly considers your activity. If the cardholder spends too little on a daily basis, the bank will feel that you have wasted its credit limit, which is naturally very detrimental to increasing the credit limit.
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At the same time, you can also check the credit card in your hand through Card Youcha in WeChat. You can understand the status of your credit card and see how you use it. Are there any abnormalities in the situation and what aspects of consumption need attention. Usually participate in the bank's credit card promotions and keep the credit limit between 50-80, so that you can quickly increase your credit card limit.
In a general sense, the 4321 rule is like this:
It is an investment law that is used to guide people in the allocation of funds when investing:
40% of the income is used for investment to create wealth and is dedicated to increasing the value of wealth. Such as purchasing real estate, financial management insurance products, stocks or funds, etc.;
30% of the income is used for family living expenses to ensure basic living consumption needs;
20% of the income is used in banks Deposits are dedicated to the preservation of wealth and have the liquidity to be cashed out quickly;
10 of the income is used for insurance planning and life risk management.
Generally speaking, it is more reasonable to make household financial expenditures according to this rule.
If the 4321 rule is applied to credit cards, it should be like this:
40 is a small amount of 100-300 yuan.
30 must not be used The reserved limit is 20% for large-amount card payments of more than 1,000
10% for overseas credit card payments.
The 4321 rule of this credit card is a relatively effective way to increase the limit of your credit card. Used it, relatively effective.
Of course, whether this rule is fragrant or not depends on your face!
Some people have a black face, and no rules are of any use. Some people have a tender face, and the bank likes them at first sight, and the credit limit is generously raised.
Has anyone told me that I have an overdraft of 500 yuan on my credit card and haven’t paid it back in 7 years? How much more money do I need now? Thank you!
Has anyone told me that I have an overdraft of 500 yuan on my credit card and haven’t paid it back in 7 years? Still, now it’s still 60,000-70,000 yuan.
First, credit cards have changed the traditional payment and consumption habits of Chinese people and have enabled a lifestyle of consumption without having to pay cash first. Credit cards have changed the way that Chinese people carry large amounts of cash to pay and consume, and have become a way for Chinese people to pay and consume. The earliest carrier of replacing cash consumption with card consumption, credit cards have truly allowed Chinese people to realize their dream of traveling around the world with one card.
Second, use the card to maintain the card. By making full use of the repayment time difference of each credit card, you can achieve the goal of not needing to use your own money to repay the credit card. From then on, you can live a happy life relying on credit and repay the card. Now there are Many people are asking how they can live a happy life with no income or low income through "card maintenance"? There are many articles on the Internet that introduce various strategies on how to "use your card to maintain your card" and strategies on how to increase your credit card limit.
There are also some professional credit card brokers who charge high fees by providing "card support" for others. Your high credit card consumption is based on the cost of providing fees to these people. Some bank credit card staff improve their performance by advocating various overdrafts and high consumption, because only your credit card consumption, overdraft or even overdue credit card can make high profits for bank credit cards. In fact, the cost of using a card to maintain a card is very high. To hope to achieve high consumption beyond one's own consumption capacity by using a card to maintain a card is an act of drinking poison to quench thirst. Those so-called cases of "using a card to maintain a card" to live a happy life are not The fabrications made by self-media people for the sake of sensationalism are traps set by people with ulterior motives to make people spend more. The cost of "using a card to maintain a card" requires paying a certain fee, and there are also specialized credit card reimbursement platforms that are responsible for providing credit card reimbursement for those who "use a card to maintain a card." Secondly, the law of credit card overdraft: It doesn’t matter how much you overdraft your credit card or how many times you overdraft it. The most important thing is that it cannot be overdrafted. This is the core law in the law of credit card overdraft. Credit cards can be overdrafted because the credit card itself is designed for overdraft. Credit cards allow for large overdrafts, as long as you have the ability to repay. Third, you can have multiple credit cards, but they cannot be abused as long as you can manage them well. But there is an overdraft law for credit cards, that is, it doesn’t matter how much you overdraft your credit card or how many times you overdraft it. The most important thing is that it cannot be overdrafted. First, the iron law of credit card overdraft is: it is not impossible to overdraft a large amount, but it must be repaid in time. Some people like credit cards with large limits. This is not a problem. The real problem is that whether your overdraft limit is 1 million yuan or 50,000 yuan, you must consider your ability to repay when you swipe the card. It is important to pay back in time without being overdue. right way.
Fourth, the iron law of credit card overdraft is: you can have as many credit cards as you want, but all credit cards should not be in arrears or in arrears. You can have as many credit cards as you want, as long as the bank agrees. You distribute them to you, whether you have 20 or 10, it doesn’t matter. The most important thing is that no matter how many credit cards you have, you must pay the annual fee and various fees for each credit card in a timely manner. You must also pay off the overdraft of each credit card in a timely manner, and there must be no arrears or overdue repayments.
The iron law of credit card overdrafts: Be clear and proactive in repaying credit card overdrafts. Never wait for bank notifications and reminders before repaying overdrafts. It doesn’t matter how much the overdraft is. The most important thing is that you know What is the repayment deadline for each of your credit cards? You must repay in time before the repayment period. Do not think that there is no need for repayment until the bank notifies you. When you wait for the bank to notify you, you will often be overdue. Even long-term overdue situations.
Fifth, it is the iron law of credit card overdraft: You must not use your card to support your card. Not using your card to support your card is the biggest principle of credit card. Maintaining your card has costs and is based on the continuous expansion of the credit card limit. Remember: Maintaining a credit card is a road of no return for credit card overdraft, because no one is willing to give up a life of getting something for nothing. This is human nature.
Give your credit card to someone else?
First, if the party involved lends the credit card to others, it is an illegal act in itself, and the card owner shall be responsible for the consequences. In other words, you cannot tell the bank that the card is overdrawn by someone, and it has nothing to do with you. No matter who overdraws the card or whose name the card is in, the consequences of the card overdraft will be borne by the person. Including but not limited to the overdraft principal, interest, late payment fees, etc. If the overdraft is 150,000, the total of these items will basically cost more than 200,000.
The consequences of borrowing a credit card are very serious
Credit card
Second, the consequences of not returning a large overdraft credit card are very serious.
1. Seriously affect the credit of the cardholder. In the future, if the card owner or spouse goes to any bank to apply for a loan, if the credit report is not good, the loan will basically be rejected immediately.
2. It may be blocked by the bank. If the credit card is overdue and there is no problem with the evidence, then losing the lawsuit is basically a certainty. The principal, interest, late payment fees, as well as litigation costs and the other party's attorney fees may all be borne by the card owner.
Of course, if the judgment is refused to be fulfilled, enforcement will inevitably be followed, blacklisting of dishonest persons subject to execution, and restrictions on high consumption. These things will cause huge troubles for the parties involved.
Borrowing a credit card has serious consequences
Credit card
3. Those who meet certain conditions may be held criminally responsible for credit card crimes. According to the "Interpretation on Several Issues Concerning the Specific Application of Laws in Handling Criminal Cases Obstructing the Management of Credit Cards", if a cardholder exceeds the prescribed limit or overdrafts within the prescribed period for the purpose of illegal possession, the card-issuing bank shall be valid twice. If the money is not returned more than three months after collection, it shall be deemed as a 'malicious overdraft' stipulated in Article 196 of the Criminal Law, and criminal liability will be pursued.
As for effective collection, it refers to the following four situations:
(1) After the overdraft exceeds the prescribed limit or prescribed period;
(2) Collection should be done in a way that can confirm receipt by the cardholder, except where the cardholder deliberately avoids collection;
(3) There should be at least thirty days between two collections;
( 4) Comply with relevant regulations or agreements on collection.
Lending a credit card has serious consequences
Credit card
As for illegal possession, it refers to the following six situations:
(1) Knowing that one has no ability to repay and having a large overdraft that cannot be returned;
(2) Using false credit certificates to apply for a credit card and then having an overdraft that cannot be returned;
(3) ) After overdraft, evade bank collection by hiding, changing contact information, etc.;
(4) Escape, transfer funds, hide property, and avoid repayment;
(5) Using overdraft funds to carry out criminal activities;
(6) Other situations of illegally possessing funds and refusing to return them.
4. After entering the compulsory execution procedure, if the card owner has the ability to refuse to perform, and the circumstances are serious, he may be held criminally responsible for the crime of refusing to execute the judgment.
Borrowing a credit card has serious consequences
Overdrawn credit card
How to deal with the matter.
If it turns out that a friend’s credit card was overdrafted and the friend went missing, it is recommended that the party concerned first repay the overdraft amount, and then collect evidence. The original overdrafter should ask him to pay back the losses caused by the overdraft, including but Not limited to principal, interest, late fees, litigation fees, attorney fees, etc. Of course, it would be better to use other methods to get him to return it voluntarily, but it is unlikely.
Typical case
In early 2016, Ms. Li, who was born in the 1980s, had a boyfriend named Han. Due to financial constraints, the boyfriend offered to borrow Ms. Li’s credit card. Ms. Li was dazzled by love. Then he agreed.
Unexpectedly, Han began to swipe his credit card uncontrollably, and after overdrafting 300,000 yuan, he disappeared. What is left for Ms. Li, apart from the pain of "broken love", is only a huge debt. She was unable to repay, and despite repeated calls from the card-issuing bank, she still refused to repay for more than 3 months (because she thought at the time that the money was not spent by her, so she should not be responsible for repaying it). In the end, Ms. Li was sentenced to two years in prison for "credit card crime", but her "boyfriend" Han had long disappeared.
Summary
Borrowing a credit card will have very serious consequences. Do not lend it to others.
What kind of law is used for the intervals on bank cards?
Schick's law is used.
Schick's law is also called the restraint law. The bank's input is spaced every 4 digits. The purpose is to reduce memory costs and improve the readability of information, thereby achieving the role of visual error prevention.
The number of digits varies among different bank cards, and is related to the type of card and the bank unit to which it belongs. The number of digits in bank cards can be divided into two categories: 1. Debit cards, usually referred to as savings cards, usually have 19 digits. There are also special circumstances, such as China Merchants Bank, Construction Bank 16th, Bank of Communications 17th, etc. 2. Credit cards are usually referred to as credit cards, and all banks use 16 digits. Examples of common digits in various banks: 1. China Construction Bank: 16 or 19 digits for debit cards, 16 digits for credit cards 2. Agricultural Bank of China: 19 digits for debit cards, 16 digits for credit cards 3. ICBC: 19 digits for debit cards, 16 digits for credit cards 4. Transportation: 17 digits for debit cards and 16 digits for credit cards. 6. People’s Livelihood: 16 digits for debit cards and 16 digits for credit cards.
This ends the introduction to the credit card law and the credit card 2583 law. Have you found the information you need?