Benefits of personalized limits on a credit card
Did you know that a great way to increase your credit score is to properly manage your credit limit? At Banco Industrial we care that you manage your finances properly, for this reason we want to share with you some benefits that you can enjoy when using the new functionality of Bi Online App: the configuration of personalized limits on your credit card.
You meet your budget
If you already have an established budget, you should have a fee for your credit card expenses. By configuring your personalized limits in Bi Online App you will have exact control of your purchases and avoid spending more than you owe.
As we mentioned in the previous point, personalized limits will help you meet your budget and thus avoid over-indebtedness, since you have a credit limit available according to your ability to pay.
Improve credit score
Part of your credit score is determined by the correct use of the credit limit and the fulfillment of the payments in the established term. Remember that having a good score will be of great help to obtain financing later, whether to start a business, buy a house or be accepted in a job in the future.
Establishing personalized limits also fulfills the security functions, because in case of loss, theft or experiencing a fraudulent situation, you will not have access to the total credit card limit.
To establish personalized limits on your credit cards you must enter Bi en Línea App in the new tab "Cards", enter the option "Go to settings", select the option "Set limit for consumption" and enter the maximum amount you want spend or assign to your additional card. Keep in mind that the limits cannot be higher than your credit limit authorized by the bank.
These are some of the benefits of setting custom credit card limits in the Bi Online App for your Visa and Mastercard cards. Remember to update the latest version of the application!