How often you got credit card limit increase in your existing cards?

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CREDIT CARD -> Do we get better credit limit increase? - lets see

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Last Comment 2024-07-14

DEEPANGEORGE

2024-06-11

Hello Dimers,

Do we get better credit limit increase? if we deny

I have one doubt, in HDFC and some OTHER POPULAR banks if we deny BAD CREDIT CARD UPGRADE, we will be getting better UPGRADE offers in future,

similarly what if we deny pre approved credit limit INCREASE and wait more... will we get BETTER credit limit in future in like 6 months or we will lose this opportunity of limit entirely?

Just curious about this:)

Please comment, I am curious to see if anyone denied free preapproved credit limit and got a better credit limit later:)

Happy commenting

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https://www.desidime.com/discussions/credit-card-do-we-get-better-credit-limit-increase-if-we-deny-lets-see?page=1#post_10128394

DeciDeaim

2024-06-12

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I denied SBI credit limit enhancement of 1 Lakh and after a year I got 10K enhancement joy

I had then fought with pay slips and ITR and still could manage only 80K hike.

SBI is the worst deal in such matters, take whatever they give, whenever.

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https://www.desidime.com/discussions/credit-card-do-we-get-better-credit-limit-increase-if-we-deny-lets-see?page=1#post_10127974

bdatta1981

2024-06-12

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Credit Limit increase does not do a hit on your CIBIL credit score. In fact it reduces the credit utilization ratio of your credit account. So always take it whenever you are offered that. If you apply for a new credit card to get a better credit limit, it will in turn lower your credit score. So credit limit increase of existing card is always beneficial.

https://www.desidime.com/discussions/credit-card-do-we-get-better-credit-limit-increase-if-we-deny-lets-see?page=1#post_10127993

coolkish7

2024-06-12

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Dows having a low limit on one omy cards (yesbank with just 40k limit) affect getting a new card with good limit

https://www.desidime.com/discussions/credit-card-do-we-get-better-credit-limit-increase-if-we-deny-lets-see?page=1#post_10129500

DEEPANGEORGE

2024-06-12

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dont worry about limit, just keep using it and you will get better cards:) limit dont matter actually its the usage pattern that matters:)

because if you use more with considerable good way, then your existing limit will increase by preapproved offer

https://www.desidime.com/discussions/credit-card-do-we-get-better-credit-limit-increase-if-we-deny-lets-see?page=1#post_10128394

DeciDeaim

2024-06-12

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I denied SBI credit limit enhancement of 1 Lakh and after a year I got 10K enhancement joy

I had then fought with pay slips and ITR and still could manage only 80K hike.

SBI is the worst deal in such matters, take whatever they give, whenever.

https://www.desidime.com/discussions/credit-card-do-we-get-better-credit-limit-increase-if-we-deny-lets-see?page=1#post_10128760

Zephyrate

2024-06-12

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True.

https://www.desidime.com/discussions/credit-card-do-we-get-better-credit-limit-increase-if-we-deny-lets-see?page=1#post_10129664

DEEPANGEORGE

2024-06-13

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from the looks of things, it takes an average of 1 year to get credit limit increase for most people smile

let me wait and watch on how it goes for myself:)

and many dont even get credit limit increase omg

https://www.desidime.com/discussions/credit-card-do-we-get-better-credit-limit-increase-if-we-deny-lets-see?page=1#post_10187774

Imperial_Penny

2024-07-11

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There is a risk weight set by bank. It was increased by RBI to 150% in Nov 2023 so now a days you find banks offering limit increase of 5k or 20k. Axis was fastest to offer limit increase from 90k to 3 lakh for me.