The main criterion for a bank to increase the limit on your credit card is its frequent use as a payment instrument and a high degree of your responsibility to fulfill credit obligations. What is the procedure for increasing such limits?
Each credit institution has its own maximum limit for such products. In some, this figure is limited to 100 thousand rubles, while others, the responsible borrower is issued a card with a limit of 700 thousand.
But in all banks one important rule is observed — no one will immediately provide a new client with a card with the maximum value of limited access. Initially, the responsibility and solvency of the client is checked on the card with a small limit. With the quality fulfillment of all obligations, the value of the limit can be increased.
At the same time, there is a possibility of increasing the maximum limit, both at the initiative of the bank and on the basis of the application of the borrower. Such an initiative can come from the bank only on condition of high-quality and timely fulfillment by the client of all credit obligations assumed. An important criterion for the bank is also the number and total amount of card transactions. On this basis, it can be concluded that a client who actively uses the funds of the credit limit and timely repays these obligations, one way or another, will receive an offer from the bank to increase the value of the limit.
If the borrower wishes to increase the permissible limit value, he must apply to the bank with a corresponding application. As a justification for such an increase, you need to attach documents confirming the growth of the level of your well-being.
After considering the application, the bank makes a decision. If the bank, on its own initiative, increased the amount of limits on the card, and the borrower was against such an increase, then he can appeal this in court.
