Steps to Increase HDFC Credit Card Limit instantly through SMS, Customer Care or email for all the varients of the Credit Cards like Regalia, Millenia, Moneyback and others. It is well known that HDFC bank is among the top credit card issuers in India with a wider presence. They are also offering a decent credit limit while issuing a new credit card. The credit limit enhancement is not much easier with HDFC credit cards if the transactions are not above the minimum average of 30% of annual transactions or monthly limit. Know – How to Increase Axis Bank Credit Card Limit ?
Steps to Increase HDFC Credit Card Limit
- Credit Limit Increase request through HDFC Bank Mobile Banking – You can place a request for the credit limit enhancement through Online Internet Banking or Mobile Banking app. HDFC bank Credit Card customers can visit the card section of the Mobile Banking and click on the customize link next to credit limit tab. It will notified you once you become eligible.
- Raising Request for increased limit on existing card through Customer Care– You can place a request for increase in credit limit on your existing card after contacting customer care on phone or email. This, of course, will depend on various factors, like your credit history, credit score and income. In case you own multiple cards, it is essential to select the card for which you would want to increase your limit.
- Sharing Latest Income Details with the Bank — Many a time bank will ask you to share the latest Income documents like salary slips or ITR for enhancing the Credit Card limit. Check – Tata Neu HDFC Bank Infinity Credit Card Reviews
- Annual increase – HDFC bank offers an annual increase in credit limit if you have paid the balance on time. Bank themselves offer an annual increase, even if you don’t need one, it can help to take the annual credit limit increase. It comes with very good offers on rewards, and you never know when you might need a higher credit limit.
- Improve your credit score: Since HDFC consider credit score while setting Credit Card limits, it’s better to ensure that you have a good score. You can do this by paying all your dues, like EMIs, on time. So it’s best to avoid doing that. Keeping your spending within limits can be helpful.
The Credit Limit enhancement request is not the assurance as several things determine this Credit Card limit; it can vary from card to card and even from individual to individual. The bank fixes the limit, depending on their perception of your ability to pay. Some of the factors they take into account are your income – higher your income, higher your Credit Card limit is going to be. Another thing they look at is your Credit Score, which depends on your record of repayments of debt. Higher your Credit Score, higher your credit limit will be.