Maya Credit itself doesn’t necessarily increase in limit right after you make a payment in the Philippines. However, making on-time payments can positively impact your creditworthiness, which may lead to an increased limit in the future.
Here’s what we know:
- Maya Credit is a revolving credit line: This means your available credit balance is replenished as you make repayments. So, if you pay off your current balance, you’ll have access to your credit limit again for further transactions.
- Payment history matters: Maya considers your payment history when evaluating your creditworthiness. Consistent on-time payments can demonstrate responsible credit use and potentially increase your credit limit over time.
Here’s what you can do to potentially increase your Maya Credit limit:
- Make on-time payments consistently: This builds a positive credit history with Maya.
- Maintain a good balance: Avoid using your entire credit limit and aim to keep your credit utilization ratio low.
- Be an active Maya user: Regularly using Maya for other services like bills payment or fund transfers might show increased engagement and potentially influence credit limit decisions.
Unfortunately, there’s no guaranteed timeframe for a Maya Credit limit increase. It’s an ongoing assessment based on your credit behavior.
For the latest information and any inquiries about your specific credit limit, it’s best to contact Maya directly through their app or Maya Bank Help Center: https://support.mayabank.ph/.
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