1. What does line credit mean?

Line credit is also the credit limit. The credit limit refers to the loan limit given to you by a bank or institution after a comprehensive assessment of your credit qualifications. A credit limit, also known as a "credit limit," is the maximum limit allowed to a borrower as stipulated in the agreement between the borrower and the bank. However, this provision is not legally binding if the bank lacks credit funds or changes the credit limit or refuses to provide a loan depending on the situation.

Refers to the amount of money that a lender can lend to a borrower without providing property security. It usually refers to a natural person borrowing money from a bank, and the bank is willing to lend the maximum amount based on the individual's credit status. This amount will be determined unilaterally by the bank based on conditional factors such as income, revenue, debt ratio, job content, company, company position, property, etc. This kind of lending relationship is usually a bank lending money to a natural person. The lending is usually a necessary business behavior for commercial organizations and cross-border transactions.

Line Introduction

Since the credit limit is an unsecured loan amount, usually the amount is not too high, and this amount will mean that the borrower must have a higher credit limit. The various conditions of the borrower must be quite good, so the lender will be willing to provide a higher loan amount.

Credit card limit

Relationship limit: ICBC users who have more than two credit cards actually have a credit card limit with a higher limit, and a credit card with a lower limit actually has a credit card limit. When using a card with a higher limit, if you use the limit of a credit card with a lower limit, the limit of the credit card with a higher limit will also be deducted accordingly.

Industrial and Commercial Bank of China usually informs the card limit, and card customers cannot use the card limit. For example: The limit for ICBC cardholders is 3,000 yuan, and one card is 10,000 yuan. If a cardholder uses a card with a limit of 3,000 yuan, the credit limit of another card with a limit of 10,000 yuan will also be reduced by 3,000 yuan. This is the so-called relationship limit.

***Exclusive quota

***Exclusive quota: It means that a credit card holder has applied for several credit cards from a bank, and the credit card consumption of these credit cards, in addition* **The limit of the credit card with the preferential limit will be reduced accordingly.

2. What does line credit mean?

Line credit refers to a credit line granted by a bank or other financial institution to a customer that can be used repeatedly. You can withdraw money at any time according to your needs without having to reapply for a loan from the bank every time. Line of credit usually has a certain term and interest rate, and customers can flexibly use and repay it according to their actual situation. This credit method is more flexible and convenient, and more suitable for the short-term needs of individuals and businesses. Common credit lines include credit cards, personal consumption loans, business loans, etc.

3. What is a credit limit

The credit limit is the maximum unsecured loan amount stipulated by the bank to the borrower