How often is the credit card quota updated? Is the credit card quota updated once a month? For many people who have credit cards, increasing the quota can bring a lot of convenience to themselves, so how often can the credit card quota be increased?
Will the credit card quota be updated every month?
The credit card quota is not updated on a fixed date of each month as the card friends think. There is no fixed date for credit card quota update. The update period is determined by each person's credit card usage. The update date of credit card held by different cardholders is different.
So what determines the renewal of credit card quota?
The credit card limit is updated according to the repayment of the cardholder. If the cardholder swipes the credit card every month and makes the payment on time, the credit card limit will be updated once a month. On the contrary, if there is no credit card consumption within a few months, of course, there is no need to repay each month, then the credit card quota will not be updated in these months.
Will the credit card amount be increased as soon as it is updated?
The renewal of credit card quota does not mean that the credit card will be increased. The first time a cardholder applies for a credit card withdrawal, it must be 6 months after the credit card has been used and the repayment record is good before the withdrawal can be applied successfully. This means that even if you spend every month with your credit card and pay back on time, and then the credit card quota is updated, it is impossible to increase the credit card quota within six months after the successful check.
So how can I increase the credit card limit?
If the card has been checked successfully for 6 months and the credit record is good, the bank will take the initiative to increase the fixed amount from time to time for the cardholder with good card record.
If the cardholder can't wait for the bank to withdraw the amount from time to time, and wants to apply for the withdrawal on his own initiative, the cardholder can improve the success rate of the withdrawal application by the following ways:
(1) the most important thing is to have a good repayment record. Make repayment on time every month and use less of the minimum repayment amount. On the contrary, the credit card limit will not increase, but will decrease
(2) try to use credit card as much as possible, such as eating and watching movies, which are usually more expensive.
(3) the number of times of credit card consumption is not only large, but also the consumption amount is large. The total consumption amount in half a year is at least 70% of the amount.
(4) if the credit card is not used for a long time, the credit card quota will not increase, but will decrease.
In a word, the credit card quota is not updated once a month, as most card friends think, nor does it mean that the credit card quota will be increased as soon as it is updated, because the credit card quota is affected by many factors.