Is it possible to reduce the credit limit on a card? What is a credit limit on a credit card? How much interest is reduced on Sberbank credit cards?
Credit cards have certain conditions that the bank puts forward in an individual decision. The credit card limit is the maximum available amount on the card that the borrower can use for purchases or as cash. At the same time, a banking organization can set restrictions on the credit limit or introduce additional fees to regulate spending on a credit card. In this article we will look at what a credit limit on a card is.
Types of cards
Bank card products can be divided into several types, which are applicable in certain situations. Often turning to a bank for a specific service, you may find that the banking organization is ready to issue an additional card on favorable terms.
These are cards that do not have a credit limit. You can only use those funds that are posted by the client himself or third parties. Such cards are most often used in salary projects.
The accounts to which the plastic is linked receive wages. You can withdraw it from ATMs or pay for goods directly with a card. Once the limit of received funds is exhausted, it will be impossible to pay for goods by card.
Any client has the right to purchase such a product for his own purposes. The benefit of using debit cards is that the funds in the account can earn interest comparable to the deposit. Also, for purchases using plastic, the client receives rewards in the form of cashback, i.e. a refund of part of the costs. Cashback can vary from 0.5 to 30%.
Commissions may be charged for service, for transfers and withdrawals of money - both in their own and in ATMs of other banks. Additional services may include insurance products or SMS information services, which are not mandatory.
These are debit cards, but with which you can “go into the red.” Such cards are used like regular debit cards; they can also be participants in a salary project. But a certain lending limit is implied.
As a rule, the overdraft in standard cards is small. You can go “minus” by no more than 15,000 rubles. It works like this:
- a certain amount of personal funds is placed on the card, say, 15,000 rubles;
- the client withdraws 18,000 rubles from the bank;
- this means that 15,000 rub. debited from the card account as a debit transaction, and 3,000 according to overdraft rules.
This means that the cardholder has a debt to the bank on credit terms. Interest rates are set by the bank, and they are specified in the agreement. As a rule, these are standard interest rates for using a loan in the amount of 20-30% per annum.
Thus, until the money arrives in the account, interest will be charged for using the loan funds. And, moreover, there are certain repayment periods when the amount must be credited to the account. Typically no later than the 20th day of the month following the month in which this overdraft was applied.
If the money is not received on time, a fine may be assessed based on the terms of the contract. Typically 0.1% of the overdue amount. The overdraft service is voluntary, so the client can disable this function.
But setting an overdraft may not be applicable for the current tariff plan. Such an affordable limit can be convenient for those who use debit cards and do not have credit cards.
Most often, the lending limit is specific to credit cards. Now you can find bank offers with a lending limit of 300,000 and even 1 million rubles. Credit cards are a special type of non-targeted loan. Since the established limit is renewable.
If, when applying for a regular consumer loan, one-time financing is carried out, as a result of which the borrower is given a repayment schedule with payment terms and interest rates, then on credit cards the loan is carried out in a different way.
After making a positive decision on the possibility of lending, the banking company assigns a line of credit. This is the maximum available amount that the client can use. Moreover, by making expenses, the borrower can return the amount of the debt, and these actions will lead to the fact that the available amount will be restored.
For example, the credit limit on a Sberbank card is 50,000 rubles. The borrower spent 20,000 rubles in October. And in November I returned the amount of money. He again has 50,000 rubles at his disposal.
This type of loan does not have a repayment schedule. For credit cards, billing and payment periods apply instead. And depending on the amount of debt during the payment period, the client must make a minimum payment, which the bank will set at the end of the billing period. As a rule, this is 5-8% of the debt amount.
For this type of loan, the limit is assigned on an individual basis. It consists of current solvency and credit history. At the beginning of the relationship with the bank, the company sets a minimum limit. The bank approves cards for new clients with an available amount of 15,000-50,000 rubles.
It is possible to change your credit limit. But the banking organization makes this decision unilaterally. Increasing the limit is possible in the following situations:
- payment deadlines are met;
- the card is actively used within the current offer;
- there has been an improvement in the borrower’s solvency, which he confirms with documentation;
- the client has been using the contract for at least 6 months.
The bank will change the amount of available credit independently. At the same time, it can be either reduced or increased. The company is obliged to notify the borrower about these changes via SMS, through a personal account, via a phone call or in another way.
The Sberbank credit card limit is the maximum available amount for the borrower, which he can use as needed, restore (in whole or in part) and withdraw again during the entire period of the agreement. In Sberbank, the limit directly depends on the card category.
Limits for Sberbank credit cards
It is not difficult to apply using the available means today. The main difficulty is determining the credit limit that can be used. It is important to make the calculation as accurately as possible so that ultimately the expenses on the credit card do not exceed the income that will need to be used to repay the debt to the bank.
For a number of Sberbank credit cards, the limit is set at 300,000 rubles for borrowers who apply on a general basis, and 600,000 rubles for clients to whom a personal offer is made.
These include: co-branded Aeroflot (Classic/Gold) and charity Podari Zhizn (Classic/Gold). Credit limits for other categories of Sberbank credit cards:
- Gold (Visa, MasterCard): up to 600 thousand rubles.
- Classic and Standard (MasterCard and Visa): up to 300 thousand rubles. on a general basis, up to 600 thousand as part of a personal offer.
- Youth credit cards: up to 200 thousand rubles;
- Instant (Visa, MasterCard Momentum): up to 200 thousand rubles.
Potential borrowers should understand that the maximum possible credit limit specified for a specific credit card will not necessarily be available to them. Sberbank can reduce it based on the data provided, or the client himself wants to reduce it.
Changing your credit limit
The amount that the bank is ready to issue is usually determined individually by credit experts, taking into account all significant factors (category of the borrower, his solvency).
Upgrade your credit card
If you already have a credit card issued by Sberbank, you can increase (increase) the limit only under the following conditions:
- The amount approved individually is less than the maximum possible for this card;
- The borrower's circumstances have changed (he became a salary client of the bank and opened a deposit).
- Over a long period, the borrower has proven himself to be a reliable client who fulfills his obligations to the bank on time. In this case, you should contact your bank to find out if you can increase your credit card limit.
If you use a card with an approved credit limit with the maximum possible amount, you can contact the bank with a request to issue a credit card of a higher level.
You will have the opportunity to increase the available loan amount if, for example, you sign up for Gold instead of Classic. You may need to provide additional evidence that your financial well-being allows you to take on greater obligations than those you already have.
Let the bank know that your financial situation has improved - this is a way to increase your credit card limit
A new credit card may be more expensive to service. Become familiar with the tariffs and terms of use before concluding an agreement.
Reduce approved amount
You can reduce the limit on a Sberbank credit card if necessary. If the amount of the approved loan exceeds your needs or your financial situation has worsened, you can reduce it. To do this, it is enough to write a corresponding application.
It is important to remember that you can reduce the available amount on a credit card under certain conditions:
- After considering the application from the client, Sberbank may reduce the limit, but it will be impossible to increase or increase it again.
- The debt to the bank at the time the client applies to reduce the loan must be fully repaid.
If you do not agree with the increased loan amount on your card, contact a bank employee and leave an application to reduce the limit
When the limit on the card has increased, but the conditions for its provision remain the same (the bank informs you about the changes via SMS), you can independently limit yourself in spending if you consider exceeding it unreasonable or unacceptable for your budget.
Note: the bank can increase the credit limit unilaterally if it is convinced that you are a reliable borrower.
Conclusion
At Sberbank, the credit card limit is set in accordance with the category of the credit card (the maximum possible) on an individual basis. There are special offers for existing clients that entitle them to an initial increase in their credit limit. If necessary, the borrower can increase (increase) or decrease the limit with the consent of the bank.
The Sberbank PJSC credit card is an attractive bank product with a cash limit of up to 600 thousand rubles and an interest-free period of up to 50 days.
Contents [Show]
How to get a credit card at Sberbank
For customers, there is a line of 6 plastic cards: instant issue Credit Momentum, classic MasterCard Standart/Visa Classic credit cards, privileged Gold, an offer for the age segment from 21 to 25 years - “Youth”, charitable “Gift of Life” and bonus “Aeroflot”.
Sberbank offers its clients to issue a card with a credit limit in 3 ways:
- In the office. For visitors receiving salaries on a Sberbank card, a passport is sufficient to submit an application. You will have to wait from 5 minutes to 2 days for pre-approval. Clients on a standard application must provide proof of income. Credit Momentum is issued within 15 minutes - these are credit cards with a limit set by the bank and free servicing.
- By submitting an application through Sberbank Online. In the “Personal Account” in the “Cards” tab, click on the “Application for a credit card” offer. Having filled in the data (desired type of product, limit, full name, address, time to call), click the “Confirm” button, and the application is processed. You can pick up the product after 2 weeks at the selected office.
- A direct sales specialist. Pre-approved “golden” cards with free service and a set limit are issued by managers supervising enterprises within the framework of a salary agreement.
- Using terminals and ATMs. After withdrawing cash or making a payment, the customer is presented with a special offer from the bank, such as applying for a credit card. Having filled out all the fields and provided the data, the user can only wait for the manager’s call.
How to increase the credit limit on a Sberbank card
The maximum allowable limit on Sberbank credit cards is 600 thousand rubles. Pre-approval and setting the amount of borrowed funds on the plastic depends on the decision of the underwriter (a specialist in calculating solvency, customer reliability, who makes the decision to refuse/issue a loan). The analyst predicts whether it is possible to increase the limit of a Sberbank credit card for a specific borrower.
In the main bank of the country, issues of changing the loan amount are resolved unilaterally by the lender. An increase in the credit limit is accepted based on the cardholder's solvency, absence of overdue payments and frequency of use of the product. The more purchases a user of a Sberbank PJSC credit card makes, the higher the chance of receiving additional funds from the bank.
For active users of the product who are not interested in how to increase the credit limit on a Sberbank card, an SMS notification about a change in the loan amount causes negative emotions.
Features of using a credit card
A grace period of 20 to 50 days and special services for salary projects are attractive to potential clients choosing Sberbank PJSC. A credit card, the terms of use of which vary depending on the type of borrower (salary client or not), allows you to “borrow” from the bank interest-free within a grace period.
It’s easy to calculate: 30 days for active payments + 20 for debt repayment. In order not to pay interest on the use of loan funds, the payer must pay 100% of the amount spent, within this period. The floating period depends on the date of purchase: in order for the return period to be maximum (up to 50 days), you should start spending on the report date or immediately after it. With each day after the date of the reporting period, the grace period will decrease by 1 day (but cannot be less than 20).
The date of the report, the amount of the monthly payment, and the total debt can be found out:
- in UCO (“Sberbank Online”, terminal network);
- by sending SMS “Debt ХХХХ” to number “900” (where ХХХХ is the last 4 digits of the credit card number);
- by visiting the territorial office of Sberbank PJSC.
A credit card (the terms of use of which are also specified in the agreement and are explained in detail by managers upon issuance or by Hotline specialists) as a separate product is more profitable than a consumer loan due to the presence of an interest-free period, but the loan conditions for it are higher than the average for bank loans.
Interest on Sberbank credit cards
For the mass segment that does not participate in the salary project, 33.9% is charged per year for the use of loan funds. Sberbank pensioners and persons receiving income into bank accounts are provided with preferential pre-approved Credit Momentum and Gold cards with 25.9% on the loan.
There is no provision for reducing the interest rate or changing the payment date or report on Sberbank credit cards. In case of late payment of the obligatory payment, the debtor is charged a penalty of 36%.
How to defer payment on a credit card?
If it is impossible to make mandatory loan payments as a result of a decrease in solvency, clients can contact the Sberbank restructuring department to postpone the date. The possibility of completing the transaction and new conditions depend on the decision of the department specialist (size of the annuity payment, interest, accrual and/or write-off of penalties and arrears), authorized to “expand” the schedule and split the payments (he also decides whether the loan can be restructured and how to increase it). If approved, the credit limit on the Sberbank card will remain the same, but the amount of contributions will decrease.
Reducing the credit limit
So, how to increase the credit limit on a Sberbank card? This decision is made unilaterally by the issuer. Users can reduce the loan amount by contacting any territorial branch with a passport.
You can change the amount of borrowed funds on the card by an amount not exceeding the total debt of the loaned funds.
In 2017, Sberbank has repeatedly reduced interest rates on consumer loans, following the general trend of rate reductions in the country. Finally, it was the turn of credit cards.
- Aeroflot Classic/Gold;
- "Youth";
- "Momentum"
- "Credit" Classic / Gold.
The maximum credit limit is 200 - 600 thousand rubles. Also, all card products provide a credit grace period of up to 50 days for non-cash transactions to pay for goods and services.
- has deposits in Sberbank;
Read more about the features and types of Sberbank credit cards here >>
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Sberbank of Russia has reduced interest rates on a number of credit cards since July 2017. See which credit cards have become more profitable today.
In 2017-2018, Sberbank has repeatedly reduced interest rates on consumer loans, following the general trend of rate reductions in the country. Finally, it was the turn of credit cards.
“The trend towards lowering the key rate by the Central Bank allowed Sberbank to improve the conditions for credit cards,” Igor Kovalev, Executive Director and Head of the Credit Card Development Department of Sberbank, commented on this event.
As a result, since July, interest rates on mass-market credit cards – Classic and Gold cards, as well as instant issue cards – have been reduced.
The changes affected the following cards:
- “Give Life” Classic / Gold;
- Aeroflot Classic/Gold;
- "Youth";
- "Momentum"
- "Credit" Classic / Gold.
How much have interest rates on Sberbank credit cards been reduced?
According to the press service of Sberbank of Russia, rates have been reduced on all new credit cards issued by 2-6 percent - to 23.9% for clients with a pre-approved offer, which accounts for the majority of issues, and to 27.9% without it.
At the same time, the remaining parameters of the products, Sberbank clarifies, remain unchanged.
Everyone is provided with a free service of a full-featured mobile bank with SMS notifications about card transactions, and clients with a pre-approved offer have the opportunity to issue a card with free annual maintenance for the entire period of its validity.
The annual cost of servicing Sberbank credit cards varies from 750 to 3.5 thousand rubles and depends on the category of the card and the selected product. There is no issue fee.
The maximum credit limit is 200,600 thousand rubles. Also, all card products provide a credit grace period of up to 50 days for non-cash transactions to pay for goods and services.
The commission for withdrawing funds from bank devices is charged in the amount of 3% of the amount, but not less than 390 rubles, at the cash desks and ATMs of third-party credit organizations - 4% of the amount, at least 390 rubles.
The client can issue a card on preferential terms under a pre-approved offer if:
- receives a salary or pension on a Sberbank card;
- uses a Sberbank debit card;
- has deposits in Sberbank;
- took out a consumer loan.
Read more about the features and types of Sberbank credit cards here >>
The information is not a public offer.
Sberbank reduced rates on credit cards in 2017-2018
Sberbank reduced interest rates on credit cards by 6 percentage points.
The interest rate on the cards “Podari Zhizn& Classic / Gold”, “Aeroflot& Classic / Gold”, “Molodezhnaya”, “Credit” and “Credit Gold” is 27.9% per annum.
Other conditions remained unchanged.
The annual maintenance cost depends on the card category and is set in the range from 750 to 3.5 thousand rubles. The card is issued free of charge.
The maximum credit limit is from 200 thousand to 600 thousand rubles. Also, all card products provide a credit grace period of up to 50 days for non-cash transactions to pay for goods and services.
The commission for withdrawing funds from bank devices is charged in the amount of 3% of the amount, at least 390 rubles, at the cash desks and ATMs of third-party credit organizations - 4% of the amount, at least 390 rubles. The SMS notification service is provided free of charge.
All cards have a “Thank You&” loyalty program: accrual of “Thank You&” bonuses for purchases on the card in the amount of 0.5% of the amount of each purchase; 1% for paying for an air ticket on the portal spasibosberbank.travel; 2% when purchasing combo tours on spasibosberbank.travel; 5% when purchasing train tickets at spasibosberbank.travel and up to 50% for purchases in partner stores. In the future, accumulated bonus points can be exchanged for discounts in the program’s partner stores, including on the “Spasibo.Travel” portal at the rate of 1 “Thank you” = 1 ruble. Bonuses are valid for three years or 12 months from the date of the last transaction on the card to pay for goods and services.
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Press releases and news from Moscow banks
Proinvestbank reduced interest rates on credit cards
Proinvestbank reduced the interest rate on credit cards by 7 percentage points. The rate is set at 20% per annum.
The maximum credit limit can reach 1 million rubles for Mastercard Gold, up to 500 thousand rubles for Mastercard Standard, up to 250 thousand rubles for Mastercard Unembossed and Maestro.
The bank also reduced the fee for withdrawing credit funds at bank cash desks and devices of other credit institutions. The commission will be 3.9% (minimum 300 rubles). You can withdraw your own funds free of charge at ATMs and cash desks of other banks, as well as at the bank’s PVN.
The fee for issuing a Maestro card is 200 rubles, Mastercard Unembossed - 450 rubles, Mastercard Standard - 600 rubles, Mastercard Gold - 3,000 rubles. Annual maintenance is free of charge.
The Apple Pay service has become available to clients of St. Petersburg Bank with Visa cards
The Apple Pay service becomes available to Visa card holders of St. Petersburg Bank. The bank introduced another way to activate the service - through a mobile application.
When you add a credit or debit card to Apple Pay, the card number itself is not stored on the device or on Apple's servers. Instead, a unique device account number is assigned, which is encrypted and securely stored in the device's Secure Element chip. Each transaction is authorized using a unique one-time secret code that is dynamically generated.
Sovcombank has updated the conditions for the Halva& credit card
Sovcombank has updated the terms and conditions for the Halva& credit card (installment card), issued in the Mastercard World category.
Now, on the balance of the holder’s own funds, it is possible to accrue interest in the amount of 8.25% per annum, subject to the following conditions: making four purchases at retail and service points - partners of the bank; the total amount of expense transactions for the current reporting period is more than 10 thousand rubles, while the amount of one of the transactions exceeds 3 thousand rubles; absence of current overdue debt under the current contract. If the specified conditions are not met, the balance, as before, will be charged 7.75% per annum.
The bank added the ability to pay with one’s own funds in any stores (including outside the partner network), and also allowed them to be withdrawn free of charge in devices of third-party banks. There is no provision for withdrawing credit funds from the card. The bank increased the maximum cash back amount from 1.5 thousand to 5 thousand rubles per month. Refunds are made in the amount of 1.5% for non-cash payments for goods and services at your own expense. Other tariff conditions have not changed.
Zapsibkombank reduced rates on credit cards
Tyumen-based Zapsibkombank has improved conditions for credit cards. Thus, the rate for the “Supercard&” in the Visa Gold category has been reduced. The interest rate will be 27.5% per annum, and not 29.9% as before.
Russian Standard Bank extended the agreement on the right to issue and acquire Diners Club cards in Russia
Russian Standard Bank extended the agreement on the right to issue and acquire Diners Club cards in Russia, thus continuing the work begun back in 2011. The bank issued a corresponding message on Wednesday, October 11.
The St. Petersburg bank “Sovetsky&” offers to issue a credit product “Best Card&” in the Visa Classic and Visa Gold categories. The interest rate on a Classic category card is 30% per annum, on a Gold category card - 28% per annum (previously 29%).
Cards are issued free of charge. For annual service for Visa Classic, 850 rubles are charged, for Visa Gold - 3,100 rubles.
The maximum credit limit for a Visa Classic card reaches 100 thousand rubles, for Visa Gold - 150 thousand rubles.
There is a grace period for lending of up to 62 days, which applies to both non-cash transactions and cash withdrawal transactions. The commission for withdrawing credit funds from banks and other credit institutions is 4.9% (at least 300 rubles), for withdrawing the borrower’s own funds from ATMs and bank cash desks is not charged, at third-party credit institutions it is 1.2% (minimum 150 rubles ). The balance of own funds is subject to interest accrual at the rate of 7% per annum. Cashback in the amount of 0.5% of the amount of all purchases is provided for the Gold category card.
New bank offices in Moscow
"Alternative& Head Office"
Address: 107023, Moscow, st. Malaya Semenovskaya, 11/2, building 3
"Kremlin& Head Office"
Address: 121099, Moscow, 1st Nikoloshchepovsky lane, 6, building 1
"RBA& Head Office"
Address: 119049, Moscow, Leninsky Prospekt, 11, building 3
"Greencombank& Moscow branch
Address: 119034, Moscow, st. Lev Tolstoy, 5, building 2
"Ural Bank of Reconstruction and Development" Branch "Moscow"
Address: 115191, Moscow, st. Mytnaya, 62
Asia-Invest Bank & Head Office
Address: 119180, Moscow, 2nd Kazachiy lane, 3, building 1
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When applying for a credit card and concluding an agreement, the client is assigned a maximum credit for it.
Restrictions on the use of borrowed funds are determined individually and depend on two factors: the type of credit card, as well as the characteristics of the client’s solvency.
Knowing the upper limit of the loan, the borrower receives the right to dispose only of the amount limited by these limits. Increasing the limit of a Sberbank credit card is a completely understandable human desire to have more funds at one’s disposal. It makes you think about how to perform such a procedure.
The operation is possible if a number of conditions are met
But first, the client needs to know how to find out information about the size of the restrictions. Exists several ways:
- using an ATM,
- in the bank,
- through the Internet,
- through the operator.
It is worth noting that it is permissible to carry out the procedure for changing restrictions only after six months of using the card.
The options for increasing the limit of a Sberbank credit card are as follows:- automatic increase is carried out by the bank itself;
- on personal initiative.
The user applies personally to the financial institution, providing all the necessary documents and a passport as convincing evidence. After completing the application, the bank institution will take several days to make the necessary decision. Determining the amount of the increased amount is the prerogative of the bank. What parameters will influence a positive decision:
- an increase in wages or the emergence of new sources of income for the client, which will significantly increase the level of his solvency;
- promotion of position, which indicates an increase in income;
- absence of debts on other loans;
- the client replenishes the card on time.
If a borrower does not comply with financial discipline and does not deposit money on a credit card on time, then he should not hope for an approving response from the lender. Infrequent use of plastic is evidence of its lack of demand, so the bank will not consider such an application.
Automatic increase
After six months of using the credit card, the credit limit on the Sberbank card will increase automatically. Its increase is possible by 20-25%. The lender will independently offer the borrower the service if the borrower meets the following conditions:
- active use of the received card for payments;
- timely and systematic debt repayment;
- the function is not fully used;
- the borrower is not a debtor on other loans;
- trouble-free credit history;
- optimal age.
The client will learn about the automatic increase via SMS message. This offer is valid for a year.
How to increase the limit of a Sberbank Online credit card
How to carry out the procedure using the online service? When you apply for a plastic card, you will be given all the details for connection. The client logs into his Personal Account and checks whether the required option is available to him or not. If the answer is yes, the borrower submits an application to increase the borrowed funds used.
This issue can be easily resolved by contacting bank specialists.
How often does the bank make the change?
In addition to the offer that is automatically sent to a solvent and disciplined borrower after six months of connecting the card, there are several other options for increasing the daily limit of a Sberbank card. From time to time, the institution holds various promotions and makes special offers. To be always up to date, it is advisable to view the information on the website and not ignore SMS messages.
The best alternative to increasing the solvency of the plastic is to switch to another credit card with a higher borrowing limit.
Bank managers and consultants will always provide assistance on any banking issue
Conclusion
Having wondered whether it is possible to increase the limit of a Sberbank credit card, its owner should know that everything depends on him. If he can demonstrate to the bank the active use of plastic and his solvency, then the lender will meet him halfway and after six months of using the credit card, he will change the restriction on it. But such a situation can be predicted in advance if you choose a banking product with the best capabilities.
Three years ago this question seemed strange: a large limit is prestigious and convenient! I'm cool, they give me money without anything! Last year, the tone of statements was moderated: they say, why reduce it? Let it be, in case it comes in handy. You just need to be more careful with your money.
The citizens came to their senses and realized: it’s not convenient. And they give little - a maximum of three average salaries. If, as they say, the heat is serious, they will be of no use. And most importantly, the sign of “trust” turned out to be much more “biting” than the most hand-crafted consumer loan without a specific purpose. I wrote a little about this (“What is the difference between a credit card and a debit card”) and I will write more, in more detail. In the meantime, let’s figure out what and how to do with this same credit limit. Because it's not easy.
The easiest way is to change the size of your credit card loan up or down. We take 2-personal income tax with new income. If there are other loans hanging around, we take repayment statements for them. We go to the bank, present it, write a statement. Now is a particularly convenient moment for this: you can at the same time re-issue the loan agreement under the new law, it will become much more transparent. The formal justification is refinancing the loan due to changed income. If you do not insist on reducing the interest rate and the repayment is carried out carefully, they will almost certainly agree. There are no legal reasons for refusal, and debtors from banks keep leaving and leaving, the good ones need to be kept.
Formally – debit
At first glance, reducing the credit limit is quite simple: we go to the bank, write an application, and that’s it. No, not all - the application is accepted, but after checking the card, we see that it has not decreased. We leave the complaint in the bank’s complaint book, complain to the Central Bank, to the Consumer Rights Protection Society - the result is zero.
We go to a lawyer, we want to sue. And here a cold shower awaits us: there is no law that would oblige the bank to at least somehow respond to my statement on this matter or to a complaint anywhere. Do you receive interest on your balance regularly? It’s not clear where the money is going from your account? Have credit conditions worsened? That's it, no complaints against the bank. After all, no one is forcing you to touch this limit even by a penny.
Oh, the bank wants to catch you? Is he digging a trap, trying to push you into a debt hole? Yes, it is immoral, but it is not prohibited by law. You want to live in peace for your own - the bank wants you to give it all of yours. You want - he wants. Everyone can want what they want, but he will still want it that way and won’t listen to anyone.
This is what the formal approach to the credit limit problem leads to. In the new, just adopted law on loans, most banking tricks are directly suppressed. But there is not a word about a credit limit. And it cannot be, because it is not a loan. But there will be an article about this later.
Not quite on topic, but I remember Winston Churchill’s statement: “Democracy is a bad way of social organization. It’s just that no one has come up with a better one yet.” And I also remember that in the agora (place for public meetings) in the birthplace of democracy, in ancient Athens, people voted either by shouting, and the ephors (elders) considered those who shouted the loudest to be the majority; therefore, all parties sought to lure the most rabid loudmouths to themselves. Or shards of pots - ostracons. They threw them at those they didn’t like, and this was called ostracism. It happened that they were ostracized even to death: a shard from a grain or wine amphora of 60-100 liters weighs as much as a good cobblestone, and its edges are sharp.
And I also remember Zadornov’s trick in Gorbachev’s times. The satirist came on stage with a thick book. Shows to the audience: “See? Medical Encyclopedia, volume on “P”. And now I read: “Pluralism is the highest degree of sexual perversion, when three or more partners participate in sexual intercourse.” Now, someone explain to me what pluralism of opinions means.” But to the point.
Really
So, you cannot count on a formal reduction of the credit limit, according to the principle of the rule of law. For there is no such law and there cannot be. Because everyone “I want” is equal before the law, and if not, then everything is generally simple - who will rip who’s throat.
Approach like a human being, like a gentleman? In the spirit of delicate moral balance, mutual concessions and agreements of past times? If you are a reliable debit client of a bank and want to issue a separate credit card with the bank in exchange for the limit, they will most likely accommodate you. And it will be more convenient and easier in all respects, see the same article on comparing cards.
But most often it happens that the best credit card appears in another bank. Perhaps competing with your debit. Then it is useless to write something, ask, convince, or even offer a bribe. The morality is not the same now. Past concepts of honor and decency are relegated to the category of fairy tales about good fairies. Remember Makarevich’s song “Fairy Tales for Fools”?
Here we will have to take a break again. In today's world, 2/3 of the population is engaged in unproductive labor. Simply, they themselves do not understand why they are in the world. But they are not lazy or untalented people. Further, for every head of food in our world there is less than 0.5 hectares of arable land. And complete balanced nutrition from these 50 acres can only be obtained for 1/4 of the almost 7.5 billion population of the Earth. And 3/4 are doomed to chronic malnutrition.
What follows from this? And the fact is that, having seen your benefit, a completely adequate and friendly bank employee will never meet you halfway. Just out of spite. The instinct of self-preservation will not allow it. This is the morality now. And to achieve your goal, you need to act gradually.
Quietly
Let's apply the principle of judo: use the opponent's strength against him. Specifically: banks are making public the conditions for increasing the credit limit (by the way, if you want to increase it, then they are effective):
- Use the card regularly;
- Don’t limit yourself to withdrawing cash, but also pay for purchases, services and make non-cash payments with the card.
- Repay mandatory payments on time.
And now, in order to bring down the limit, let’s go from the opposite:
- It is impossible not to use a debit card regularly; 2 times a month is already regular. But! We withdraw only cash (this immediately annihilates item 2 of the previous list), and only from other people's ATMs. You need to first find out which ones don’t take extra. rental commission. If it turns out that they are from a competing bank, generally wonderful.
- Not repaying debts is more expensive for yourself - fines and penalties will apply. What to do? We repay regularly, day after day. And the day is the penultimate one before the end of the reporting period in our bank. Under the turmoil. If you appear like this, like a jack-in-the-box, with mocking precision, it will not go unnoticed. But there is no formal reason for punishment.
The general meaning of these procedures is to become a formally flawless bone in the throat for the bank. The only way for them to take revenge is to reduce the credit limit, and banking software will do this themselves. During the quarter, the limit disappears.
True, if you need to get a loan later, don’t expect easy conditions. But if the same bank provides acceptable terms for loans, then issuing a credit card instead of an overdraft will not cause problems, see above. And if the lender is more attractive than another, then what is the need? The described method of action will not spoil the CI in any way.
Is it necessary?
Is such trouble even necessary? For now, if an overdraft is imposed, yes. Ideally, the interest on the balance on a certain universal debit-credit card should be approximately 1 percentage point. lower than the average refinancing rate of the Central Bank, the interest on the loan is the same amount higher, and the size of the overdraft is equal to the annual income for the previous year. In the Russian Federation now it would be 6.5% on the balance and 8.5% on an annual loan of 400,000 rubles.
However, at present, conditions that allow the issuance of truly universal cards do not exist in any country in the world. And, judging by the trends in the global economy, they will not appear anywhere in the foreseeable future either. Therefore, now it is most reasonable to conduct your debit and credit on different cards.
- Current account for an individual entrepreneur
- Applying for a consumer loan Otp bank official
- What is a credit limit on a credit card? How much is interest reduced on Sberbank credit cards?
- Loan from OTP Bank - calculator, application without certificates, take out and pay a loan online Fill out an application for a loan from OTP Bank