In some of them, you can apply for its increase or decrease (or even shutdown) without leaving your home. There are no restrictions on this money - you can spend it as you wish.
In general, a credit card can be compared to an iceberg: the part above the water is your own funds, under the water is the credit limit available to you. The iceberg is solid.
Credit limit
Everything is purely individual and is determined by a number of indicators, such as the financial situation or the reliability of the client. You can find out the exact amount of the limit that you can count on directly from the loan officer when applying for a credit card, providing all the necessary information.
Can they give me a credit limit? Yes, if you do not have a stable income. Or if you have not applied for the services of this financial institution before.
How can you increase your chances of being approved? It is best to go to a bank with which you have already dealt. Naturally, the case with a positive outcome. Perhaps you receive a salary or other regular payments on a card of a certain financial institution. Everything is simpler here - he can analyze your income and expenses, thereby drawing a conclusion about your solvency.
If the bank gave a credit limit less than you expected - do not be discouraged, it can be increased in the future, subject to the timely payment of the previous one. But approach the issue wisely: soberly assess your ability to pay off the debt, so as not to meet with penalties later.
Often, you can change the credit limit without visiting the branch, but by going to the mobile application or personal account.
Grace period
The grace period is the time during which you can use borrowed funds and not pay for it. By the way, it is also called the grace period. How does this benefit the lender? The fact that you use his product, which means that he receives a commission from outlets with terminals.
If this area interests you, you need to read about best loans and you will not regret it and will be able to make the right choice
