Why are credit card limits suddenly reduced? Did you understand the hint given by the bank?

After applying for a credit card, the limit is not static. Some people have better qualifications and the amount they apply for will be higher min pay. Partners with low credit limits can increase their credit limit by maintaining good card usage.

However, if your credit card is not used properly, it will also be reduced! The editor has sorted out several signals that may bring about derating:

1. Bank SMS reminder

Be sure to pay attention to text messages sent by the bank and do not delete them by mistake as spam messages.ofw quick cash loan online Sometimes the bank will send reminders with credit limit information. Don’t wait until your credit limit is reduced before you regret it!

When the bank sends you a text message to remind you that there are risks in using your credit card, be careful! Because the bank sends you such information,debt consolidation it is actually a disguised reminder that your credit card may be under risk control.

2. Card swiping is restricted

This is very obvious when credit card consumption is restricted.

When you make a purchase on a certain day and find that your credit card cannot be swiped normally, it is likely that the bank has taken measures to reduce risks.

This is also a reminder signal from the bank. The reason why the bank carries out risk control on your credit card is because they feel that your behavior may harm their interests.

3. No temporary quota

After a period of normal use of a credit card, the temporary limit or even the fixed limit can usually be increased. If you can’t even get an increase in your temporary quota, you should be careful.

4. Installment is restricted

Credit card installment is a method often used by cardholders when they are unable to repay their debts on time. Of course, banks will also consider risk control. If your application for credit card installment fails, it is likely that the bank has risk control.