Will the credit card be reduced without notice?

Whether the credit card is reduced or not depends on the cardholder's use of the card. When the cardholder has the following circumstances, the bank may reduce the credit card limit.

Illegal cashing was discovered by bank supervision;

Overdue for many times;

There are bad records in the credit report;

Credit cards are not used for a long time.

Credit card, also called debit card, is a credit certificate issued by commercial banks or credit card companies to qualified consumers. It is a card with name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.

Second, according to the relevant laws of our country (Interpretation of the Provisions of the NPC Standing Committee on Credit Cards), credit cards refer to electronic payment cards issued by commercial banks or other financial institutions with all or part of the functions of consumer payment, credit loans, transfer settlement, cash deposit and withdrawal, etc. 20 17 12 1, The Standard of English Translation and Writing in Public Service Field was formally implemented.

3. Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay; Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.

4. Since the date of 202 1 1 1, the credit card overdraft interest rate is determined by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of the credit card overdraft interest rate is cancelled (the original upper limit is 0.7 times of the daily interest rate, and the lower limit is 0.7 times of the daily interest rate).

5. The earliest credit card appeared at the end of 19. From 65438 to 1980s, the so-called credit card was developed in British clothing industry, followed by tourism and business departments. However, at that time, the card could only be used for short-term commercial credit, and the money had to be paid back as needed. There was no long-term default and no credit line.

6. Credit cards are generally special plastic cards, with a length of 85.60 mm, a width of 53.98 mm and a thickness of1mm. The name of the card issuer, the expiration date, the number and the cardholder's name are printed on the front, and there are chips, magnetic strips and signature strips on the back. Cardholders can use credit cards to shop, spend money and deposit and withdraw cash from banks.

Credit cards are not used very much, will they be reduced?

If you don't use credit cards often, your limit will be reduced.

In the following four cases, the credit card limit will be reduced:

First, the bank suspects that you illegally cashed in your credit card. Once this behavior is discovered, the bank will reduce your credit card, which is a punishment for illegal cashing!

Second, if the overdue time is too long or the overdue amount is too large, the bank will have a special person to communicate with the cardholder. If the cardholder throws away the old one after communication, the issuing bank will reduce the credit card limit or directly limit the consumption function of the card. This is the bank's corresponding measures for its own risks and profits!

Third, if the credit card account is stolen or the credit card is lost, the bank will communicate with the cardholder when it finds that the credit card is abnormal, or the cardholder will actively communicate with the bank. If both parties reach an agreement, the amount will be temporarily reduced to avoid causing greater losses.

Fourth, after the credit card is activated, it is not used for a long time or the amount and frequency of swiping the card are seriously lower than the credit card limit.

Will the credit card limit be automatically reduced?

I will.

1. Whether the credit card is reduced or not depends on the cardholder's use of the card. The bank may reduce the credit card limit when the cardholder has the following circumstances. Illegal cashing was discovered by bank supervision; Overdue for many times; There are bad records in the credit report; Credit cards are not used for a long time.

2. When applying for a credit card from a bank, the cardholder needs to fill in the detailed personal information from the bank and authorize the bank to inquire about the personal credit report. After the credit card is processed, the bank will also conduct post-loan management inquiry on personal credit report on a regular basis. Whether the bank increases or decreases the credit card limit depends on the cardholder's use of the card. If the cardholder has a good habit of using the card, a good credit record and no default, then the bank may give a higher credit limit. On the contrary, when the bank finds that the cardholder may cash out illegally, or the credit card is overdue for many times, it can take measures such as reducing the quota or freezing the credit card.

Generally speaking, banks will not reduce credit cards for no reason. If the cardholder uses his credit card well, the bank will increase the credit card limit under certain conditions. Of course, there is also a decrease in credit cards, but most of them are caused by improper use of credit cards by cardholders.

It is reported that since last year, some banks began to strictly control credit card quotas, and some people's credit card quotas have been reduced by 20% to 50%. The bank will evaluate the cardholder's use of the card, and reducing the credit card quota is also a manifestation of the bank's supervision of the credit card. When the cardholder has abnormal card use behavior, it will cause bank risk control. At the same time, the bank will also evaluate the cardholder's debt situation and the utilization rate of credit line. When there is overdue behavior, the probability of credit line decline is very high.

There are not many consumption pens, and they have been spending on one platform. Banks want cardholders to spend, but they don't want cardholders to have a single consumption, but they want cardholders to spend more and more every month, which is good for banks. Cardholders spend a small number of pens and always spend on one platform. Banks will suspect that cardholders may cash out, so they are unwilling to give cardholders a high quota.

Will the permanent credit card limit drop? There are two situations here.

We all know that the permanent credit card limit is not fixed, and it will increase or decrease with the credit of the cardholder and the use of the card. Simply put, the permanent credit card limit will also be reduced, which can be divided into two types: system active reduction and artificial reduction. Let's analyze them one by one.

1, the system actively derates:

If your credit card is downgraded by the bank, it is generally mainly related to your card usage. If you use a card illegally, such as cashing in with a credit card, it is subject to the risk control of the bank and the probability of downgrade is relatively high; Or if the credit card fails to repay for a long time, it will also be deducted by the bank.

In addition, there is another case where credit cards will be reduced or exempted if they are not used for a long time. The Credit Card Center of CITIC Bank has issued a notice saying that credit cards that have not been traded for more than 6 months will be downgraded from May 18. However, in this case, the bank will send a short message to inform the cardholder before adjusting the amount, and the cardholder will swipe the card immediately after receiving the short message, and there will be no reduction.

2. Artificial derating:

If the credit card is used well, the bank will take the initiative to increase the limit. But for most people, no matter how high the amount given by the bank is, it can really be used less. Or some cardholders are afraid of overdraft consumption and will apply to the bank to reduce the quota and control the quota within their spending power.

Many banks support this practice. For example, China Merchants Bank has an automatic quota adjustment button, and you can set the quota according to your needs within a fixed quota.

Summary: In a word, there are many reasons for the decrease of credit cards. If it is due to the initiative of the system, then don't worry too much. After all, it is not necessarily a bad thing to reduce the permanent credit card limit, not to mention that the bank will increase the credit card limit as long as you use it well in the future.

This concludes the introduction of whether the credit card will be reduced and whether the credit card will be reduced. I wonder if you found the information you need from it?