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Axis Bank users - How long does it usually take to increase credit card limit

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Deal Lieutenant
micke

Summary :- (My new Axis bank Flipkart credit card has limit of 25K only and i want to increase it as soon as possible. What should i do and how long will it take to get an offer to increase card limit?)

I got a call from Axis Bank that they are offering me a Flipkart Credit Card. I didn’t have an Axis Bank savings account. So they asked me to open a savings account and apply for credit card. I applied and got the credit card with 25K limit only laughing Limits of my other Credit Cards are 3 lakh and 1.5 lakh. 25K limit is extremely low and Bank employees were telling me that i will get at least 80K limit.

I am planning to keep one FD in my axis bank account. I am assuming that limit increase offer will come in 6 months time? Am i correct in this assumption or will it take longer to get limit increase offer?

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Benevolent Benevolent
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1 year – my case(AxismyZone)
Even I am facing same issue with ApayICICI where as my ICICI card has 5 times more limit
AxisFK – they gave me 5 times more than my running myZone AxisCC smile smile

Deal Lieutenant Deal Lieutenant
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Thanks for replying smile

Do you have 2 separate un-linked credits cards from both Axis and ICICI ? I thought that Apay ICICI was given as add-on card only if you already have an ICICI credit card.

I got 3 new credit cards in last 180 days. I think that is the reason for decreased limit for this card. My CIBIL score has been temporarily lowered.

Deal Subedar Deal Subedar
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Bro use the almost complete limit for 1-2 months and they would offer you the increase specially in cards with such low limit.

Deal Subedar Deal Subedar
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Secondly there is a section below credit card details in Netbanking where there is an option for limit increase. That also can be useful for you.

Deal Lieutenant Deal Lieutenant
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Thank you smile

I saw that section in mobile banking. I will keep re-visiting that section after period of 3 months and 6 months for offers.

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Super Moderator Super Moderator
Moderator
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1 year in my case: Axis myzone card.
Using since last 5-6 years.
Started with 40k limit. One year later they made it 80k. Next year 1.6L. Then 2.4L. Then 3.4L. Haven’t asked for limit enhancement since then.

Deal Lieutenant Deal Lieutenant
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Thank you smile This is precisely the info that i needed.

One last thing :- How did you came to know about limit increase – Through calls from customer care or self-checking the limit increase section in net banking ?

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Benevolent Benevolent
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For most banks, if you ask for a limit increase, they don’t give one. If they offer limit increase and you don’t accept, they stop giving further offers. So, wait for your offer from the bank and accept.

Deal Lieutenant Deal Lieutenant
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why was it so easy for you… i have a priority account and i am chasing them for so long without any chance of getting this card

Deal Lieutenant Deal Lieutenant
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I have no idea. I think the card was offered to me by Flipkart. I have a Flipkart Plus account and i use it very moderately (just 6-8 orders in a year). When i received the call from Bank, they specifically told me that i have pre-qualified offer for Flipkart Axis Bank credit card.

I got the call on Monday and they told me to open an Axis bank savings account to get the card. I was very happy but I assumed that might be a ploy. I received second call from my local branch on Tuesday morning and they said the same thing. I submitted my docs for savings account on Tuesday evening itself. My savings account was active by Thursday. I applied for card and i got credit card approval on Saturday. The whole process was super quick and easy. My latest CIBIL score is 790 only.

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Mobile Guru Mobile Guru
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So i applied for Flipkart Axis Bank Card via FK app last week and it got approved today ( No Axis Savings Account, Haven’t Submitted ITR/Salary slip )
Wondering what will be initial limit for my card, 10k will be way too embarrassing considering the limit for other cards laughing

Deal Subedar Deal Subedar
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Did you reenable your paylater service of flipkart after their change in vendor?

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Deal Cadet Deal Cadet
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Is fk axis card best?

Mobile Guru Mobile Guru
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Instant card Processed but no info on credit limit. Guess I will have to wait until Physical card gets delivered
https://cdn0.desidime.com/attachments/photos/603824/original/IMG_20200130_184925__01__01.jpg?1580390586

@dev007

Deal Subedar Deal Subedar
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Yeah, most probably you’ll have to see it printed on your card welcome letter.

You may give a try registering this card in their NetBanking maybe to see if it’s possible since you now have your card details for registering.

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Deal Cadet Deal Cadet
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I want to know from someone who applied thru app and was asked income docs from KYC guy. Is aadhar/DL+PAN enough?

Also what is that option of “let axis authorize to increase limit wihtin 6 months” all about? Did anyone apply without checking that option? if yes, what’s different?

Deal Cadet Deal Cadet
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I had applied on August 01, 2020 via Flipkart app and after cibil enquiry by Axis Bank, the status of my credit card got changed to Conditionally Approved.

The next step shown in the Flipkart app was of Document pickup. On clicking the list of valid documents, it showed the following :-

Valid Documents

For ID & Address Proof (any one)

• • Aadhaar Card

PAN Card (Valid only for ID proof)

• Passport

• Driving License

• Voter ID

Income Proof (any one)

• Last 2 Months Salary Slips and 3 Months Bank Statement

• Latest Month Credit Card Statement (Select Banks • Form 16 A & B (Latest AY 19-20)

ITR with Computation Sheet (Latest AY 19-20)

I had submitted DL+PAN card and hadn’t submitted any copy of my aadhar card, though i had given only my aadhar number when asked.

Since i don’t have any salary/saving bank account relationship with Axis Bank, i was asked to submit income proof.

I haf submitted Salary Slip and Bank Statement of last 03 months.

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Deal Cadet Deal Cadet
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Did anyone apply as business owner and if they have any criteria for it ?

I divest my income to different relatives for my business to make sure I pay less taxes so ITR can be a bit messed up on that. Any help in this?

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