Kotak Bank Credit Card Limit Decrease - Shocked

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Post Tycoon
Siva1Bopparaju
I Got Kotak Pre approved Credit card offer on Dec 13 and i applied after 6 days on 19dec i got card in hand and i saw my card limit is 170000 on paper and also in kotak app i used alomst 40k till date from card . Today i got a message from kotak that "As part of our regular account review process, Credit Limit on your Kotak Bank Credit Card x8xxx has been revised to Rs. 100000 with Immediate Effect."

How They Decrease My limit in just 3 Days

Anyone Faced this in kotak cards..!?
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Beacon Beacon
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same. from 5lakh to 1lakh

Helpful Helpful
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I have used almost all bank credit Cards except ICICI..but kotak is the only bank that decreased my credit limit (in 2021) without any any reason..

Kotak bank is worst in many ways..

Savings Mentor Savings Mentor
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For those whose Kotak CC limit is being reduced, do you have savings account in Kotak or just CC? Also did any of you who got their limit reduced have 2 or 3 Kotak CCs or just 1? People share some info please to figure out if there is any pattern for limit reduction.

Also how was your CC usage? Every month or some months went by without any use? % of limit used?

Post Tycoon Post Tycoon
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I have 811 account and preapproved card and only 5 days card limit decreased in just 5 days

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Deal Cadet Deal Cadet
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Are you guys rotating money from your other credit cards?

Deal Lieutenant Deal Lieutenant
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Dear Customer, Upgrade your Credit Card 1112 to Kotak White Signature Credit Card. Earn White Pass worth Rs.27,000 redeemable against premium brand vouchers on annual spends of Rs.12 lacs, Complimentary lounge access & more. Joining Fee Rs. 3000 & Annual Fee Rs. 3000. Upgrade https:

LTF zenith is better or paid White Signature?

Any chances they will make this LTF after closure request like Zenith toungueout

replyuser
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