Welcome to Lincoln Bank. What can we do for you?
Morning. I'm a new user of your credit card and I was wondering if I'm taking full advantage of it.
Well, there certainly are many benefits that go along with our credit card.
Yes, of course. It's so much easier than cash, to be honest ; nowadays I hardly ever use cash. I just put it on the card and pay off the balance every month.
You know it is not necessary to pay the balance in full every month.
Really?
Yes, you will see on your monthly bill and statement the amount in full but also the minimum payment.
So, if for some reason I was having a bad month and spent a little too much I could just pay the minimum?
Yes. As long as you keep making regular monthly payments, paying the minimum is just fine. Of course, your credit limit will be lowered accordingly.
How so?
For example, if your credit limit is 5, 000 RMB and you owe 1, 000 RIB, your available credit will be 4, 000 RIB. So, your credit limit drops.
Oh, I see. Well, I don't plan on only paying the minimum, but it's good to know that I can if I had to. Thanks for that.