{"id":10373,"date":"2017-04-18T14:22:44","date_gmt":"2017-04-18T14:22:44","guid":{"rendered":"https:\/\/multicredit.ch\/wp\/plafond-visa-plafond-mastercard-quels-sont-les-elements-determinants\/"},"modified":"2022-07-20T14:29:35","modified_gmt":"2022-07-20T14:29:35","slug":"visa-and-mastercard-limit-how-is-it-calculated","status":"publish","type":"post","link":"https:\/\/multicredit.ch\/en\/visa-and-mastercard-limit-how-is-it-calculated\/","title":{"rendered":"Visa and Mastercard limit: how is it calculated?"},"content":{"rendered":"

<\/span>It’s all about risk<\/span><\/h2>\n

What is the reason behind this Visa and Mastercard limit? In addition to prevention against over-indebtedness, the main reason is to prevent any payment default<\/b> from the consumer. With a higher limit comes a higher risk, and a greater unpaid amount in case of problem. For that reason, the maximum usable amount depends directly on the customer’s situation. This situation depends on the income, but on the risk as well. A “less-risky” situation will lead to a higher limit, and vice versa. In order to determine this “risk”, the financial institutions study various criteria.<\/p>\n

<\/span>First criterion: income<\/span><\/h2>\n

The income of the applicant is the most important criterion when it comes to determine the maximum amount usable with the credit card. With a higher income comes a higher limit. For low incomes, the maximum amount can be as low as 1,000 Chf.<\/p>\n

<\/span>Second criterion: credit history<\/span><\/h2>\n

If most consumers ignore this fact, each Mastercard or Visa request involves a check with the ZEK<\/b>. This centralized information datacenter records every information regarding loan and credit cards in Switzerland. Any payment delay could therefore be recorded to the ZEK. Financial institutions usually check for ZEK entries of any new applicant. Past problems could lead to a higher risk, hence a lower credit card limit<\/b>.<\/p>\n

<\/span>Third criterion: personal history<\/span><\/h2>\n

Finally, some compagnies tend to favour good customers. If you want to rise your Mastercard or Visa limit without any improvement in your situation, a good history with your credit card company could lead to an acceptation.<\/p>\n

<\/span>Improve it’s credit history<\/span><\/h2>\n

One way to improve your credit history could be a debt consolidation loan<\/a>. This solution can indeed help to avoir some bad credit history, allowing to pay all its credit card debts with a new personal loan:<\/p>\n