Credit cards have become one of the indispensable banking products of daily life, and when the latest data announced are examined, it will be seen that cash payments are almost completely replaced by credit card payments. The most important factors that make credit cards indispensable are the fact that they are safe, easy to use and they can provide additional financing opportunities to the person thanks to various banking products in emergency situations.
Credit cards allocated with limits determined directly depending on the income of the consumer may be unlimited in some exceptional cases and a payment plan can be created for the consumer. In this context, it will be useful to address various issues such as what is the limit of credit cards and to whom.
What is an Unlimited Credit Card?
As can be understood from the name of the unlimited credit card, it is the name given to credit cards for which no limit is defined. If a credit card is not defined as a limit, spending can be made directly from the relevant card by making use of the bank fund, and the financial responsibilities that arise from the usage in the previously agreed term are expected to be paid.
In order to benefit from the application of unlimited credit card limit, which is a very exceptional situation, you must either have a really serious capital and show that the commitment arising from unlimited debts can be fulfilled or be the founder of bank deposits so that your own money can be spent. Otherwise, unlimited credit card application is not very reasonable for banks acting rationally and with rationality.
However, it is quite understandable that banks, which also have to meet elite customer needs, provide unlimited credit cards as an indicator of dignity and try to keep the relevant consumer as their own customer. In other words, thanks to the unlimited credit card limit, the main purpose of the bank is not to make more profit, but to ensure that the user of the relevant card does not encounter any difficulties for the rich customer.
How To Get Unlimited Credit Cards?
In order to get an unlimited credit card, you must first be a private banking customer. Each bank has set different criteria for customers to be included in the private banking application.
The first step is to collect savings in a single bank in order to become a private banking customer and to provide the necessary conditions to become a private banking customer.
Passing this stage will not be enough for unlimited credit cards. Consumers who are private banking customers are expected to document all their documentable income through the bank, and the documented income is expected to be high enough not to be open to interpretation. Both the portfolio investments and the revenues obtained directly from the companies that have shares or the business that they work with are all data for the bank.
After these two steps, you can talk to the bank why you want an unlimited credit card, and after the necessary procedures, you can have an unlimited credit card.
In an exceptional situation, unlimited credit cards can be obtained by respecting the public, that is, by becoming a publicly-traded brand. This is generally the case for some celebrities, political leaders, and often happens based on the bank’s offer.
Unlimited Credit Cards Worldwide
An unlimited credit card is a very serious prestige indicator and it is really not easy to have. Rather than the consumer who will supply the relevant credit card, the bank must also be ready for it, because there is also the risk of an unlimited credit card.
The two most prestigious unlimited credit cards currently exhibited worldwide stand out as Good Credit and Good Finance Reserve Card.
No limit is defined for the consumers who have this credit card and no delay interest is applied because they do not pay their debt. Users of this credit card spend for payment to be transferred directly to the other party after a manual review. In other words, the credit card has no limit, the credit card owner spends and notifies the bank about this expenditure, finally the bank reviews and approves this expenditure and the payment is made. Thus, confirmation can be obtained by contacting the person for exceptional or unexpected expenses.
Another feature of this credit card is that, as in participation banks, all of the statement debt must be paid at once. So there is no minimum payment amount. This credit card can only be obtained by invitation, and no application can be made. A person who is already using this card should invite you to use this credit card, otherwise, you will not have this card.
Owners of this credit card are expected to spend more than $ 500,000 on luxury goods during the year. This is necessary to segment them. People who are entitled to have a credit card pay $ 7500 for one time, then $ 2500 each year.
The physical properties of the credit card are also different from others. This credit card, which is made entirely of titanium, also weighs heavily.
Good Finance Reserve
The signature of the owner is laser engraved on the back of this credit card, which is allocated by Good Finance, one of the largest banks in the world. You are allowed to spend up to 10-15 times the limit defined by this card, which is literally a credit card. The lowest limit that can be defined on the credit card is 50 thousand dollars. It can have limits of 1 million dollars or more, and even in this case, you can spend 10-15 times more.
It is only possible to apply to these cards provided to the private banking customer.