The credit limit is the maximum available amount of borrowed funds on the card. Initially, banks never issue cards with a high limit, but most of them provide an opportunity to increase it.
It is necessary
- - 2-NDFL certificate;
- - application for increasing the credit limit.
Instructions
Step 1
The procedure for increasing the credit limit depends on the bank. But there are a number of general requirements for a bank to make a positive decision to approve a larger loan amount. So, it is necessary to actively use a credit card when paying for goods and services, and also try to return funds to the card as quickly as possible within the grace period. Of course, if there are delays in minimum payments, the credit card holder cannot count on a revision of the credit limit.
Step 2
The decision to increase the credit limit can be made by banks independently or upon the direct application of the borrower. As a rule, banks set a minimum period after which the credit limit can be revised. This can be half a year, a quarter, or longer periods. During this time, the cardholder must confirm his financial discipline and ability to fulfill credit obligations.
Step 3
If you decide to take the initiative in increasing the credit limit, you must contact the bank branch with a written application, in which you indicate the desired amount available to you. It is worth considering that banks usually go to increase the limit within 25%.
Step 4
Some banks require documents to be attached to the application confirming the growth of the borrower's welfare. This may be a 2-NDFL certificate for the last 6 months, which indicates an increase in his salary. Holders of credit cards, who are also payroll clients, can do without proof of income. In most cases, banks approve of an increase in the limit when income rises. But even if the borrower's salary has increased, it is important that his debt load and expenditure side do not increase during this period.
Step 5
Some banks do not accept applications from cardholders to increase the credit limit, but do it on their own based on the automatic analysis of the borrower and his credit card transactions. The borrower is notified of the possibility of gaining access to a larger limit via SMS or by phone. He only has to confirm his consent.
