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Pham Nguyen Anh

PhD student at Nanyang Technological University

24 Feb 2020

∙

Unsecured credit limit?

In the CBS credit report, if it states the unsecured credit limit is 10k, what does it mean? Does it mean my credit card limit across all banks is 10k, or each bank can give me limit up to 10k? Thanks

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Andy Sim

24 Feb 2020

HR Professional at a Financial Institution

Unsecured credit facility does not require you to pledge with collateral or cash, basically means the general credit card. The limit in your CBS report is the sum of all the banks' limits (that you have CC with). So for example if you have a DBS, SCB and OCBC CC:

DBS limit: 3K

SCB limit: 4K

OCBC limit: 3K

Total unsecured credit limit = 10k

Hope it helps :)

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