I think this is best option for security purpose. Will help much to avoid high value frauds..
Example : If user is having credit limit of 10 Lacs, he can fix limit of 30-50K, as per our regular requirement. This can be done through netbanking itself. And as and when required, user can withdraw sublimit / net limit through net banking and get transaction done.
User can set their own sub limit:
“Credit Sub limit” means the total credit limit than can be utilized on your credit cards as per the defined frequency.
“Credit Limit per transaction” means the maximum amount that can be spent on an individual transaction.
If the existing daily or transaction limit is zero, then the full credit limit is available for usage.
User can set their own net limit:
The “Limit Per Transaction” means the maximum amount than can be spent on your credit card on an individual transaction.
The “Daily Net Limit” means the maximum amount that can be spent on your credit card on a daily basis.
If the existing daily or transaction limit is zero, then the full credit limit is available for usage.
Long back I asked SCB for similar option, but it was not possible during those days. If same option is available with other cards too, then please inform..