What is CITIC Bank's explanation for the temporary quota?

Explain that customers urgently need to use a higher credit line within a certain period of time or the bank will take the initiative to temporarily increase the credit line of cardholders.

1. Call the customer service hotline of the bank to apply for increasing the temporary credit line. The bank will review your credit history and credit card usage to meet your consumption needs as much as possible.

2. You can also log in to our credit card online banking and select "Main Card Limit Adjustment" in "Card Management" to apply for increasing your temporary credit limit.

3. Bank credit card holders can call the customer service hotline to check the credit card amount, and know the credit card account debt, available amount and other information anytime and anywhere.

How to use the special temporary line of CITIC Bank?

The so-called special temporary credit line of CITIC Bank refers to the temporary credit line that can only be used in specific consumption scenarios. This temporary credit line is also time-limited, and will be automatically recovered by the system after it expires. When using the special temporary credit line of CITIC Bank, the cardholder does not need to operate manually. These special temporary credit lines have fixed consumption scenarios. If the cardholder spends within the specified credit line, the system will give priority to the special temporary credit line when using the credit card, and only when the temporary credit line is insufficient will the general credit line be deducted.

Special temporary lines can only be paid and consumed by designated merchants. If you are not a designated merchant, you cannot use the special line to pay. The emergence of a special temporary credit card limit will also make the credit card appear that the credit card shows the limit but cannot be used.

It is worth mentioning that the repayment method and time after the special temporary credit line is used are the same as those after the general credit line is consumed. Even if the temporary credit line expires, users can wait for the bill to come out before repaying the credit card. However, the special temporary line cannot be repaid in installments and the minimum repayment amount must be completed in full after the bill is issued and before the final repayment date.

A temporary credit card line is a line that can be used for a short time. Unlike the fixed line, it cannot be used for revolving credit, and the line will be restored to the previous fixed line after expiration. If the cardholder wants to continue to use the temporary limit, he needs to apply again. In addition, the temporary repayment amount can not be paid according to the minimum repayment amount, nor can it be paid in installments, but can only be paid off in one lump sum. Therefore, cardholders must evaluate their repayment ability before using the temporary credit line, and don't be overdue because they haven't paid it back yet. How about using a temporary credit card limit? The above two points are the obvious characteristics of the temporary credit card limit, which most cardholders know. But there are two shortcomings that many people don't know.

1. Using the temporary credit card limit will affect the promotion of the fixed limit, mainly reflecting the following two points:

① In some banks, after using the temporary quota and paying it off, the cardholder can apply to convert the temporary quota into a fixed quota, which is equivalent to withdrawing cash in disguise.

② Some banks increase the temporary credit card quota, which may not be conducive to increasing the fixed quota. Because there will be a time interval for credit card to raise the fixed limit, some banks will take the opportunity to raise the temporary limit, which is unfavorable for raising the fixed limit.

2. Temporary credit line is not conducive to applying for a new card.

① When the cardholder applies for increasing the temporary credit limit, the issuing bank will make an inquiry on the credit report of the cardholder and leave the inquiry record. Too many inquiry records are not conducive to applying for new cards or other loans.

② Temporary credit line will also appear in the credit report. If the credit limit is too high, it may appear in the detailed version of your credit report, so your short-term application for credit cards and loans will be affected.