How to get a credit card with a higher limit?
Have you ever needed a credit card with a high limit to make a specific purchase? Many users suffer from this problem: they even have a card, but the limit is low and insufficient for their needs. But why does this happen?
In reality, there are several factors that influence financial institutions to release more or less credit to each person. These factors are directly linked to whether the market sees you as a good or bad payer.
Therefore, it is not possible to say which bank offers a better limit, this depends much more on you than on the financial institution. But don't worry, we will explain this subject in more detail and also give you tips on how to increase your limit. Read on!
Credit card with high limit: how does the bank define it?
According to Serasa, the limit of credit card of each user is defined by banks and financial institutions based on certain criteria, such as personal income, payment capacity and income commitment.
Based on this information, banks define a spending limit that cannot be exceeded by the user. Other aspects of the consumer's profile are also taken into account, which are verified mainly through the Score.
In short, the Score is a system that assigns points linked to each CPF. It measures your payment habits. Generally, those who have a good Score are good payers and, consequently, get more benefits from banking institutions, including a higher limit.
How to get more credit on your credit card?
It is important to know that, as the bank identifies that a customer is a good payer, it automatically evaluates their credit card limit and may increase it. However, to do this, there are some good practices that users can adopt to be noticed by the institutions:
Make payments on time
Customers who are late paying their credit card bills or who do not pay in full are frowned upon by the bank. Therefore, plan your finances to always pay off your debt before the due date. If it makes things easier, you can also schedule your payment to be made via direct debit.
Update your income
When you apply for a new credit card, the financial institution usually asks you how much you earn each month, right? If your income increases over time, it’s important to let the bank know. That way, they’ll see that your purchasing power has also increased.
Spend close to the limit
Yes, using almost all of your credit card limit, or at least a little over half, can contribute to an increase in your limit. This signals to the bank that you have the potential to incur higher costs if you had more credit.
I can't recommend a card with a high limit X or Y, since each credit card has a different way of analyzing its customers. In other words, there are different limits, with a single card being able to provide a high limit to one customer and a lower limit to another.
3 credit cards with high limits
We've already said that the limit that the bank will provide to a user depends on each person's financial health, right? Even so, we'll list three credit card options below that usually pre-approve interesting limits. In addition, you can use the tips above to increase the limit over time. See the options:
Banco Inter
Banco Inter offers a Mastercard Multiple card, which is international and has no annual fee! To apply, you need to open an account with the bank and request a credit analysis to have the credit option — the debit option is already automatically authorized for everyone.
Inter also has one of the lowest revolving rates among fintechs: 7.7% per month.
Santander Free
Santander Free is a credit card option that does not require you to open an account. It is great for those in a hurry, because it is usually approved very quickly! To get a free annual fee, you need to spend R$$100 on purchases using the credit function on each statement.
Among its main features is the possibility of controlling all expenses via the app, in addition to the option of contactless payments: no more wasting time typing passwords.
Santander Free also has the Esfera points program, which allows you to purchase products and services with discounts of up to 40%. It is also an international card, accepted in most card machines around the world. Request yours here.
Nubank
Nubank is one of the best-known digital banks and has one of the most sought-after credit cards as well. Although other banks also have them, “Roxinho” became popular thanks to its ease of handling banking matters, controlling everything directly through the app, including 24-hour customer service chat.
In addition to being free, it is possible to get discounts on your bill by paying installments in advance. Find out more here.
Now that you've finished reading, you should understand that a credit card with a high limit depends on several factors. But basically, paying off your debts and maintaining a high score are enough to achieve this.
A good way to keep your financial life organized is regularly check your CPF. Do you have a habit? Make the consultation right now, it's 100% free!
