What does it mean to lower your credit card limit? How to increase the credit limit on a Privatbank card

Credit card owners are divided into two categories: those who want to increase their credit limit, and those who would like to disable credit limit for PrivatBank credit card to avoid trouble or simply because it is unnecessary.

It must be admitted that the author initially belonged to the second group. Having read horror stories about fraud with credit cards and problems with repaying a loan, we didn’t want any unnecessary worries. But over time, the opportunity to borrow money from a burden has turned into a kind of abstraction that does not at all burden the user who monitors his card account and controls spending on the card, not allowing himself to go into debt.

But still, the question exists: if a credit limit is not needed, then why have it, increasing your own risks. For example, in case of hacking and theft of money, the amount of losses increases by the amount of the credit limit, which the attackers will certainly also try to withdraw. That is, it would be desirable to eliminate the unnecessary function of a credit card. And so many people think so.

Of course, PrivatBank, like any bank in general, is not at all happy with the fact that you will deprive it of a piece of bread by refusing to enter into debt at interest. The “Universal” credit card is already free, but if you turn off the credit limit, then PrivatBank completely turns into a philanthropist who serves people completely disinterestedly.

But PrivatBank, like its “Universal” credit card, is a completely unique phenomenon, so here the possibility of lending with a card can be canceled.

How to disable the credit limit for a PrivatBank credit card

To disable the credit limit on the "Universal" card, you need to go to the Privat 24 website and open the menu item "More" - "Credits" - " Change credit limit".

After some time, a decision on your application will be made, which will be displayed on the page with your details credit card.

Attention: Be careful! It is possible that over time PrivatBank will unilaterally will raise the bar again. He has the right to this. Therefore, visit Privat 24 more often.

PrivatBank's rules have a number of little-known positions that often surprise even experienced users. So, for example, if you do not repay the debt within the grace period, you will have to pay 2.5% for the remaining debt, after which the debt is transferred to the category of ordinary and must be paid with 7% monthly mandatory contributions.

If you apply for a card at PrivatBank, you will immediately be asked to set a credit limit, which you can use if your funds on the card balance are not enough. This is a kind of safety net in case your own money runs out and you need to pay for a product, service, withdraw or transfer money.

The limit is the upper limit Money, beyond which it is not possible to withdraw money or pay by card for purchases or services. If personal funds are not enough, you can always use borrowed funds without visiting the bank. Then this money must be repaid with interest, like any loan.

What if you set a credit limit when registering a card, but later want to increase it? The limit can be changed and increased to the amount you need. There are several options to increase or change it.

Increasing your credit limit automatically

Are you a conscientious bank client, use credit funds, and repay your debt on time according to the established limit? Then PrivatBank itself will offer to increase your cash loan. You will be notified of the decision by SMS message. If you have any questions, you can contact hotline, or visit bank branches.

PrivatBank branches

You can personally contact bank branch. You must have a passport and a phone number to which you will receive a message about changing your credit limit. A bank employee, after clarifying the information, will help determine the amount you need.

Attention! if there are overdue payments, or outstanding loans, you may be denied a change to increase the limit. First you need to close everything credit debts by card, after which your application will be considered by the bank

Now it is possible to get a separate credit card. This is more convenient because you will know where your money is and where your credit money is, and you will be able to calculate your expenses, knowing what money you have. this moment you use it. This helps to repay debt on time, avoiding late payments and, accordingly, penalties. PrivatBank credit cards are also linked to a phone number, so please provide the bank employee with your current number. If you previously opened a credit card, but want to increase the limit on it, then present it along with your passport to an employee at the bank branch.

What to do if you do not have the opportunity to visit PrivatBank, but you need to increase the credit on your card? You can do this without leaving your home, at any time convenient for you, online, using the Internet banking service.

Increase or change the credit limit of a PrivatBank card online

Your actions will be like this:

1. Must visit home page Privat24 website.
2. At the top line of the menu, go to the “My Accounts” tab.
3. The page that opens will display a list of cards that are issued in your name. Select the one you need.
4. Click “Manage card, account” and see the limit that is currently set on the card.
5. Click on the inscription “Credit limit”.
6. Select the appropriate amount, enter it and see if it fits the frame, established by the bank. The upper limit of the credit limit may depend on the type of card.
7. If your stated limit falls within the established framework, then you will then need to enter information about yourself.
8. After entering all the data, check the accuracy and click “Next”.

Important! Please provide your personal and contact information correctly. Even though you apply online, the bank may ask you to provide copies of your passport at the branch.

After this, your application is submitted for processing. You will learn about the results by SMS message. The bank will notify you of its decision within 24 hours.
Increasing your credit limit does not take much time. If you want to increase your limit online, then visiting the Privat24 website will good choice. The service is intuitive, you can submit an application yourself. Do not forget about timely repayment of debt. Having proven yourself to be a responsible customer to banks, you can, if necessary, count on increasing your credit limit in the future.

A credit limit is the money a loan lends to a bank. It is renewable: when the client uses it and returns the money, he can use it again. This process can go on ad infinitum.

A credit limit is necessary to borrow funds when needed. On the one hand, this is very convenient: if you need money, you don’t need to run around looking for it, collecting a bunch of documents to apply for a loan, etc. Here you just need to use your credit card and make the desired purchase. On the other hand, the presence of money always stimulates the client to make purchases, sometimes not entirely necessary for him. It is easier to spend money than to pay it back - this is why disputes arise about the infinity of debt repayment.

What is a credit limit?

This is a set amount of money that the bank has provided to the credit card owner for permanent use. When you receive a credit card, you already have the Nth amount of money on it. Without even refilling own funds, a person can already make purchases and withdraw cash. The borrowed amount must be returned on time to avoid paying extra interest and fines.
When providing a limit, the bank also provides Grace period. This is a period of time during which the client can use money from the card and not pay any interest. Typically it reaches 50-60 days, and the methods for calculating it may vary among banks. Proper use of this option will allow you to use borrowed funds free of charge and repeatedly. If the client does not meet the grace period, the bank begins to charge interest.
Thus, the credit limit is:

• Installed on a credit card.
• You can use it to make purchases or withdraw cash.
• The money must be returned within the established time frame.
• The limit is renewable.

Credit card without a credit limit: myth or reality?

When ordering a credit card, the bank provides a credit limit. If the bank denies the limit, then the card is simply not issued. But there are cards with a zero credit limit. Most often they are called debit. An example is Visa card Platinum B&N Bank.

This card is debit-credit card instant issuance (or in a personal form). At the time of issue, the card is issued with a zero limit. Within a couple of days, by decision of the bank’s credit committee, a credit limit may be set on it, of which its owner will be notified by call or SMS. In this case, the card will become a credit card. But also the limit may not be set, and the client will be able to use it only as debit card(or a credit card with a zero limit). In fact, all bank cards are credit cards. To make it easier to distinguish between them, we identified credit cards with a zero limit and called them debit.

What limit can be set on a credit card?

The size of the limit depends on the client’s solvency. As in calculating the amount of loans, all income and expenses of clients will be taken into account here. If solvency allows, the bank offers increased limit(from 100 thousand rubles), and if not very much, then average (50-100 thousand rubles). If the client is not solvent, then the limit may be denied to him. The calculation principle also differs among banks. Typically, a card payment should not exceed 25% of income minus other payments.
For example, a client receives 50 tr. He has a loan for which he pays 10 thousand rubles. per month, a child for whom expenses are based on the minimum wage, for example, 8 tr. Total net income per month is:

Net income = 50 tr. — 10 t.r. - 8 tr. (for a child) - 8 tr. (for yourself) = 24 tr.

Based on the requirement “no more than 25% of income”, on minimum payment the map remains:

Minimum payment=24 tr. * 25% = 6 tr.

If the minimum payment is 10% of the limit, then the limit can be provided in the amount of about 60 tr:

Credit limit=6 tr. * 10 = 60 tr.

Owning real estate, a car, or a deposit can help increase your credit limit.

Credit limit calculator

The credit limit depends on your net income and minimum payment
You can calculate the limit using a special calculator

What card limit will you be approved for?

Average income, month

Expenses, months

Min. payment

up to 950,000 rubles

How to increase your credit limit?

IN different banks this can be done in different ways. For example, you can submit an application to VTB 24, attaching a certificate of income, availability of property, and sources of additional income. Within 3 days, the bank makes a decision to increase the limit or refuse it. In B&N Bank, the limit is increased by the bank unilaterally with its constant use and return without delay. Thus, the limit increases:

• Upon provision of documents confirming solvency.
• With active use of bank funds.

Where can I see the size of my credit limit?

• He registers in individual conditions upon receipt of a credit card.
• When you request a balance at an ATM, the receipt will indicate the amount of funds, taking into account the credit limit. For example, the client has 1 thousand rubles. your money and 50 tr. limit - the balance will show 51 tr.
• In the bank branch on the card statement.
• In Internet banking. For example, in B&N Bank it will be listed in the “Cards and Accounts” section in the upper left corner.

Can the bank reduce the credit limit?

Such cases also happen. It's connected with:

• The occurrence of outstanding debt.
• The emergence of a risk of non-repayment of a debt, for example, the bank became aware of a layoff in the organization where the client works, etc.

The reduction occurs unilaterally. This is stated in loan agreement. If desired, the client can independently request to reduce the credit limit. For example, the bank has set a limit of 300 rubles, but the client does not use this amount and is afraid of losing the card. In this case, the client writes an application to reduce the credit limit and indicates the desired amount.
Thus, a credit limit is a necessary option for everyday payments. If necessary, you can always use it and not have to look for where to borrow money. You should use it wisely, because the funds taken must be returned back.

When applying for a credit card and concluding an agreement, the client is assigned a maximum credit for it.

Restrictions on use borrowed money is determined individually and depends 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:

• With 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.

• automatic increase is carried out by the bank itself;
• on personal initiative.

The user contacts personally financial institution, providing as convincing evidence all Required documents and passport. 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 service to the borrower if the borrower fulfills 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.

About automatic promotion the client finds out from the 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 enters Personal Area 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.

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 more options on how to increase daily limit Sberbank cards. Periodically the institution conducts various promotions and are done Special offers. To be always up to date, it is advisable to view the information on the website and not ignore SMS messages.

Let's look at the easiest way to reduce your credit limit by credit card Privatbank. The most in a simple way to do this is to change the settings in .

Let's describe a short way to reduce the limit on a credit card:

1. Go to Privat24 (if you are not registered, then this is easy to do using your phone and the plastic card on the site itself)

2. Open the “My Accounts” tab, select the required card on which you want to change the credit limit, find the “Card/Account Management” setting and go to it:

3. On the tab that opens, find the line “Credit limit” and click on the amount of the established limit next to it:

3. After clicking on the limit amount, an editing window will open; in this window, specify the new limit amount and click the save button:

4. After specifying the new limit and clicking the save button, a message will appear that your application will be reviewed within the next few days. In fact, there are cases when they consider changing the limit to two weeks.

In theory, that's all!
The most important thing is that when a bank employee considers your application to reduce the credit limit on the card, it contains the necessary funds to close the specified part of the limit.

How to remove a credit limit in Privat24

In order to change the credit limit or remove it completely, you need to carry out the same actions, only the limit can be set to zero. And if there are sufficient funds, the credit limit on the card will be closed.

Separate service for changing the credit limit on Privatbank cards

Recently, Privatbank created a separate service for managing the credit limit for plastic cards. The service is available at limits.privatbank.ua. Using it, you can apply for changes to your credit limit.