Guide on Home Credit Card Limit Possible Changes During Card Validity Period
HOME CREDIT CARD LIMIT – Here are some important details that the cardholders of Home Credit Card must know regarding the credit limitations.
Are you one of those people who received a Home Credit Card offer? Or you are one of those who are aspiring to receive one? Whichever category you belong to, it is best to know prior the important details that each cardholder must know.
A credit card can be an excellent preparation against financial emergencies. You can use it in making personal purchases, paying bills, buying load, and a lot more. However, it is best to keep in mind that there are limitations in the usage of each card.
Let us talk about the Home Credit Card limit. The offer of the international consumer finance provider may vary as it is a case-to-case basis. But it can be as much as Php 60,000 which is pretty bigger compared to the credit card limits of many other credit cards issued by the different banks in the country.
It is also best to know that there is a possibility of your credit card limit increasing through the months or years of usage. Good credit standing and payment history can make your account eligible for an increase of the credit limit.
On the other side, cardholders must also know that there is also a possibility that your Home Credit Card limit will be decreased. This usually happens based on the usage of the credit card and the payment behavior of the cardholder. At least one (1) delayed payment can lead to a decrease of your credit limit.
You might be wondering if it is possible to request for an increase of Home Credit Card limit? Home Credit made it clear that the increase or decrease of the cardholder’s credit card limit is solely-dependent on the usage of the card and the payment behavior.
Meanwhile, there are some things that you can do to increase the chance that the international consumer finance provider will also increase your credit card limit such as the following:
- Prioritize paying the total amount due or at least the minimum amount due stated in the billing statement.
- Pay your due on or before the due date stated in your billing statement. To pay for your due, you can do it through the different convenient options provided by the international consumer finance provider or have it under the Auto Debit Arrangement or ADA wherein your due will be automatically credited the due from your bank account.
- Make use of your Home Credit Card as much as you can but, of course, in a way that suits your budget or how much you can pay for.
While the increase of your Home Credit Card limit is dependent on the usage of the card, cardholders or clients who have received an offers may request for a lower credit limit. The request can be done through a Live Char or by calling the Home Credit hotline.
- Globe: (02) 7-753-5711
- Smart/PLDT: (02) 8-424-6611
To apply for the offer, there are a few Home Credit Card requirements that you need to prepare and submit to the lender.
