Details about the Home Credit Card Limit Possible Changes
HOME CREDIT CARD LIMIT – Here is a guide on the possible increase or decrease on the credit limit allowed for a cardholder.
Are you one of those who has a Home Credit Card or you are planning to apply for one? You might wondering about the credit limit provided by the international consumer finance provider.
HC offers good-paying clients with a “Visa EMV Classic Credit Card”. The credit limit may vary depending on the offer of the finance firm but it can offer as much as a Php 60,000 credit limit.
Undeniably, the higher the credit limit is, the bigger the card is as a preparation against the unforeseen financial emergencies. You can use it in online shopping; grocery and department store purchases; flight bookings, subscription payments; and a lot more.,
With regards to the Home Credit Card credit limit, the international consumer finance provider regularly checks it thus there is a possibility of your credit limit being increased or decreased. According to the lending firm, good credit standing and payment history can qualify your account for an increase of the credit limit.
On the other side, a decrease on the credit limit is also possible based on the credit card usage and payment behavior. A history of at least one (1) delayed payment can result to a decrease of the credit limit.
Is it possible to request for an increase of the credit limit of your Home Credit card? According to the credit card provider, the credit limit is highly dependent on your usage of your credit card as well as the payment behavior. Here are some tips to boost your chance of qualifying for an increase on the credit limit:
- Make sure to pay the total amount due or at least the minimum amount due stated in your billing statement.
- Make sure to cast your payments on or before the due date. You can make use of the different convenient payment options or have your due automatically credited from your bank account through an Auto Debit Arrangement (ADA).
- Use your Home Credit Card more frequently based on your budget.
Meanwhile, if you want to request for a lower credit limit, you can do so through a Live Chat or by calling the hotline of Home Credit at Globe: (02) 7-753-5711 or Smart/PLDT: (02) 8-424-6611.
