When you buy a card, a credit line also comes with it, which is the amount of money the bank is giving you so you can spend. This line is assigned according to the credit evaluation that the bank makes, where its level of income influences.
The credit line can represent a danger if you do not take into account certain things:
It should not be more than twice your salary
It should not be more than twice your salary, because the higher it is, there is a greater possibility of borrowing and that makes the bank can begin to see it as a risk.
Your monthly debts should not exceed 35% of your income (maximum). Then, if you are already paying a housing loan that covers 20% of your salary, the remaining 15% can be assigned to the card.
Set a fixed amount of expense and respect it
As much as the credit line is high, it does not mean that you should use it all. Set a fixed amount of expense and respect it, that will help you keep track of how many times you use the card to pay.
Finally, if the credit line that the bank granted you seems very high, you can request a reduction.
Knowing this will help you make sure you keep everything under control
If you don’t have a credit card yet, knowing this will help you make sure you keep everything under control. Before requesting one or changing the one you already have, do not forget to compare interest rates and other benefits.
Use the card comparator and in a few minutes you will have all the information and the possibility to request one if you wish.