Guangfa Card’s big move to increase credit limit revealed: from 45,000 to 200,000!

On a certain forum, I saw a card friend sharing his experience in raising the credit limit with his "Guangfa Card", from 4.5W to 20W in 5 years.

When I first saw it, I thought that 5 years mentioned 20W, which is slow for China Guangfa cards. But after reading further, I realized that this cardholder’s actual use time of the card is only one or two years. Moreover, 5 years ago, you could buy a 4.5W card, which is very annoying.

4.5W 5 years ago

24.9W 5 years later

Li Ge learned that in general, when raising a bank limit, property income of 100,000 is the first priority. Such as: assets, deposits, etc. The hardware of Guangfa Bank credit card limit increase is much less important, and some details are more important, which provides more possibilities for limit increase! Even if the conditions are not good, it is still possible to reach 100,000!

I saw that many friends mentioned GF’s “frozen limit increase” method. Here is Li Ge’s popular science:

The so-called frozen method means that the cardholder applies to the card-issuing bank. After being rejected for increasing the credit card limit, they will no longer use the bank's credit card for 3 to 6 consecutive months. Generally, banks will take actions such as giving credit cards or increasing the credit limit to wake up such sleeping users. If the latter is adopted, the final result will be The purpose of the cardholder's limit increase.

But Li Ge wants to say that frozen limit increases may temporarily achieve the purpose of increasing the limit, but banks will not blindly increase credit card limits for cardholders.

The key to raising the limit lies in the cardholder’s card usage and contribution to the bank!

To put it simply, the card usage determines whether the bank can lend money to cardholders with confidence, and the contribution to the bank determines whether the bank can make money.

The reason why the freezing method will trigger a limit increase is that the bank hopes to stimulate those cardholders who do not use the card to use the card again through the limit increase, especially those cardholders who have historically brought "profit" to the bank.

The card will not be used for a period of time, and the contribution to the bank will be reduced. If you do not swipe the card frequently after raising the limit.

Then the cycle for the next credit increase will be longer, and the bank may consider it as insufficient spending power, or even have the credit reduced, which would be more of a loss than a gain.

So, how to increase the credit card limit of China Guangfa Bank stably and safely in the long term?

1. Repay in advance and in full

Credit card repayments are made in advance on the statement date, resulting in 0 bills or repaying most of the credit card. China Guangfa Bank likes this type of customers very much. Being able to repay in full in advance and at the same time is definitely a plus. Although a very small number of people can still make the minimum repayment all year round, but how much handling fee did they pay?

Moreover, the timing of this kind of limit increase is intermittent and unreliable, so if GF wants to increase the limit, it is best not to make the minimum repayment.

2. Refuse to withdraw cash

For some banks, withdrawing cash is helpful to increase the limit. For China Guangfa Bank, this route is not only unfeasible, but also makes it difficult to increase the limit. hurt. If you want to increase your credit limit, don’t use Guangfa Credit Card to withdraw cash. Remember.

3. Use the card regularly

Compared with other banks, Guangfa Bank’s limit increase is relatively simple. As long as you get the card, you can make simple daily purchases, especially if you have You can increase the amount by spending points. The best number of transactions is 20-30. Pay attention to quality, not just to increase the number of transactions. Therefore, for China Guangfa Bank, regular use of cards is very important.

4. Appropriate installment

Note here that it is not recommended to install the card when the credit limit is low. After the installment, the available funds will be less and the consumption power will not be reflected. Once it reaches about 20K steadily, you can make appropriate installments according to your financial needs, ranging from 3, 6, or 9 phases. Don’t do too much and keep at least half of your available money for spending.

Others are repaid in full, making the bank feel that the funds are safe.

5. Caizhijin

There is also controversy, some can be withdrawn, and some cannot be withdrawn. Li Ge believes that Caizhijin should also be used in installments. When talking about installments, I think that having too many installments and high debt may affect the score. This may be the problem.

If you can't mention it, check whether the debt ratio is already very high.

Li Ge suggested that the funds given beyond the quota should be used sparingly. Although you can still resume raising your balance by reducing your debt, if your goal is to raise your balance steadily over the long term. There are many factors that affect the score, and more prevention is better.

The above is the card usage method of Guangfa Card and some suggestions during the use process. I hope it will be helpful to my friends.