With the popularity of loan business, we can apply for credit cards to help us cope with some emergencies, but the amount of funds in the credit card also needs to be repaid, and when we use the credit card incorrectly, it will also add us additional economic expenses, and in serious cases, it will even reduce the limit of our credit card, causing us to not use the credit card normally. In fact, credit cards have a "2", "5", "8" and "3" principle, as long as we reasonably follow this principle. So we can use credit cards normally, so what does this principle mean?
(1) "2" means that the amount of a single purchase does not exceed 20% of the credit card limit.If the credit card holder continues to make large purchases, it will attract the attention of the bank, although the bank is a customer who likes to spend money, but if the credit card is used too frequently, the limit is used too much. It is easy to attract the attention of banks and thus lower credit card limits
(2) "5" means that the daily spending amount does not exceed 50% of the credit card limit
This "5" refers to the concentration of card swiping on a single day, if the day is continuous card swiping to reach 50% of the limit, it can be understood as overeating, the bank is likely to suspect that the user is cashing the credit card, will be the credit card risk control. Therefore, cardholders should spend reasonably and control the amount of consumption.
(3) "8" means that the monthly consumption amount does not exceed 80% of the fixed limit of the credit card.Many people like to use up the credit card limit at once, when the user consumes a large amount of credit limit, the bank will think that the user is in urgent need of funds in the short term, but the bank will also think that the user does not have enough repayment ability, especially in the case of short-term repayment ability, assets do not meet the bank's expectations, and the risk is relatively high.
(4) "3" means that the monthly consumption amount must not be less than 30% of the fixed limit of the credit card.If the user swipes too little or does not brush for a long time, the contribution to the bank is small, and the bank will not be profitable while thinking that you don't need that much amount. Not only will this affect the success rate of your withdrawal request, but there is a good chance that the bank will lower your credit card limit.
The wrong use of credit cards will bring us additional financial problems, which will make our lives difficult and reduce our quality of life, so we must reasonably follow the principles of credit card use to avoid the wrong use of credit cards, which will increase the credit card limit, but also improve our quality of life.
