ICICI Credit Card limit Decreased

I have an active offer & kept receiving notifications for a limit increase from 70k to 2.25L since the last 1.5 year

which I am not doing because of non-usage

@DeciDeaim iska bhi ho gaya 💀 

Does this decrease mean downgrade from privileged banking to normal?

Hey guys, I asked one doubt, you are discussing something else

From last 7-8 months banks are reducing limit of not used or if credit score is decreased.

RBI gave permission to revise limit monthly and even decrease the limit according to usage and credit score.

Sad days for middle class people.

My sbi limit is 225000, I think they will decrease my limit also as I'm not using it very often

ur cibil also dropped? check once

Until SBI Cashback card is there RIP my other cards, 90% of times for Bank offer purpose only 😄

Mine is still the same

5 lakh limit on both credit card Amazon and rupay platinum and it's free

My RBL card also decreased 4.5L to 85k then now 10k.. 2yrs no transaction

I think they checks how much total credit you have in your credit score. and if you have many CC and total credit limit is too much, they will decrease.

@Ragul009 Unless you share how much was usage of your credit card, how much % of the CL used and regular very low, medium or maxing out the limit, it's hard to share any useful tips to prevent limit decrease

haha mine 2.5L to 20k 😃

customer care having copy paste response so have to wait for again offer.

Aur yaha mil hi nhi Raha ha

i dont think credit limit is decreased by bank due to non usage. A limit only gives option to avail that much credit and it costs the bank nothing to give that limit.  Decrease is done by banks just as increase is done based on credit scores and banking relationship. Banks increase limits also as per this criteria, they dont increase as per usage.

Didn't knew these things also happen

I had same card ..got new card in December and I didn't bother to activate it

Hi

I still. Have limit of 10L for icici. Platinum. Not used from last 7/8 months and total usage is less than 10k in last one year. Also have Amazon pay but usage is around 1L in a year.

Same issue but with SBI CC...

Usage was more than 50K per month....

Credit Limit was 120K....

Credit limit was reduced to 15K in 2023 December....

Made multiple request to customer care and to Nodel but got no help...

but was able to get my SBI CC converted to LTF

Due to uncertain economic situation and rising credit card dues , Banks are taking precautions and reducing limits

Reduction in credit score may be the reason

I have faced same problem in Kotak Mahindra Bank, they have reduced the Crédit limit and putting Over limit fess and other charges. People don't use kotak mahindra bank services.