Not necessarily right after, but making a payment on your Maya Credit can be a positive step towards an increased limit in the future in the Philippines. Here’s why:
- Maya Credit is revolving: Unlike a fixed loan, your available credit balance is refilled as you make repayments. So, paying off your current balance unlocks your credit limit again for further transactions.
- Payment history matters: Maya considers your on-time payments when evaluating your creditworthiness. Consistent repayments demonstrate responsible credit use, which might lead to a future limit increase.
There’s no guaranteed timeframe for a Maya Credit limit increase. It’s an ongoing assessment based on your credit behavior.
Here’s what you can do to potentially increase your Maya Credit limit:
- Make on-time payments consistently: This builds a positive credit history.
- Maintain a good balance: Avoid using your entire credit limit and aim for a low credit utilization ratio.
- Be an active Maya user: Regularly using Maya for other services might show increased engagement.
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