Kotak Credit card limit revised (Decreased)

Deal Newbie

My Kotak Zen card limit was revised from 600000 to 120000?

What could be the reason??

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Deal Newbie Deal Newbie
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Recently, RBI hiked the risk weights for credit card by 25 perctange points to 150% for banks. This could be a reason. or your utilization is low.

Flame Flame
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Mine RBL decreased from 2.5 Lac to 10K, due to non usage.

Deal's Advocate Deal's Advocate
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I guess you had the same reaction as your DP joy

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Crusader Crusader
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When did you get the card?

Deal Newbie Deal Newbie
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6 years..

No late payments

Cibil 780+

Comrade Comrade
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Its a big decrease, will hit cibil hard

Deal Lieutenant Deal Lieutenant
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i hope you haven't paid for limit increase earlier.(100+gst)

Deal Newbie Deal Newbie
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I did 

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?

Deal Cadet Deal Cadet
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Mine reduced to 3 lakhs to 85K last week. I have one kotak Mojo card and one 811 Kyc Savings account with Kotak.  I am regularly  utilizing the limit up to 45 % . So it is not because of non usage.  

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