many clients nubankWho has the card credit Purple, ask why they have been customers for a long time and their limit has not been increased, while others are surprised by a high limit, so as not to correspond to their income. But how is the cap determined for each customer? paying off!
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How is the card limit set?
Credit card limit is A loan The financial institution allows the customer to use it over the course of a cycle, which usually lasts for one month. This way, on the due date, the user has to pay for what was spent. And if he pays correctly, without delay, then the amount he has to pay is exactly what he spent throughout the course. However, in case of delay, interest is charged.
How do organizations conduct analysis?
To lend money, you must be confident that the person who borrowed the amount will repay it. for this reason Banks And institutions that provide credit, measure this confidence through risk analysis.
This confidence can be diminished due to some factors, which can be:
- negative name
- low grade;
- income proof
- outdated market data;
- debt history.
My limit is not supported
If the organization does not have access to sufficient information to draw the most suitable user profile, it may happen that the initial limit given does not correspond to the person’s financial reality.
That’s why credit analyzes are carried out periodically, allowing the customer to get a marginal increase as the organization gets to know their habits better. In this way, the more the card is used and paid on time, the more the bank will know the user and gain more trust.
Zero real limit?
When the user receives the card without any limit, he can access the building limit function, widely used in the US and UK, but new in Brazil.
The main purpose of this type of card is to help people with low income, little information, negative name or debt history, to get credit.
With this card, purchases can be made in installments in physical and virtual stores, however, the customer must reserve an amount from his account. For example, if they deposit R$ 300.00, they will have a credit limit of R$ 300.00 for making purchases in installments and subscribing to live streaming services.
The organization gets to know the user better and realizes whether it will be a good payer by introducing a pre-approved limit.
How to increase the limit?
In order to increase the limit, as already mentioned, it is necessary to gain the trust of the enterprise, so the information that helps are:
- Keep your income up to date;
- pay the bill on time;
- Centralize all spending on the main card.
If the customer’s name is negative for some debt elsewhere, the credit will likely be denied.
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