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I am about to make a big purchase and wanted to use sbi card for it. That’s why I wanted to know. Thank you 👍No. Only income proofs are consider for limit enhancement in case of SBI.
Btw you are lucky one to get 98k otherwise many customers still in 10,20k club with ₹1k annual fees. So be happy 😁
Even I have to purchase an iPad with student discount. SBI CB gives 5% on the Apple website, but my CC limit is just 27K. Earlier, I used to add excess credit to my card and could easily transact for large amounts. Now they don't allow you to add even 1 rupee more to the card than the CC limit.I am about to make a big purchase and wanted to use sbi card for it. That’s why I wanted to know. Thank you 👍
why did they reduce your limit so drastically??Even I have to purchase an iPad with student discount. SBI CB gives 5% on the Apple website, but my CC limit is just 27K. Earlier, I used to add excess credit to my card and could easily transact for large amounts. Now they don't allow you to add even 1 rupee more to the card than the CC limit.
My limit was reduced last year from 2.5L to 27K. They are not ready to increase the limit based on salary clips or ITR as well.
apahiz karke chord diya h SBI walo ne!!
I am not sure. I never abused the card or skipped payments. I'm guessing it happened since I transferred the limit from my Simplyclick to Cashback card. They are hell bent on not increasing my CC limit.why did they reduce your limit so drastically??
My limit was reduced last year from 2.5L to 27K. They are not ready to increase the limit based on salary clips or ITR as well.
apahiz karke chord diya h SBI walo ne!!
cibil hit ?There is algorithm at work which no one has idea about.
Yesterday i logged into sbi cards website. I applied for credit increase. They asked about gross salary, as i put my gross salary in it and clicked on next, my new limit was shown around 2,95,000. In next step it asked me to upload last 2 salary slips.
Then i uploaded and submitted my request.
Today morning itself i got declined message from SBI Cards.
So yes by default what other banks follow around minimum of around 2-3 times of salary in hand is the norm. But SBI cards is altogether is following different formula. They are not even giving same card limit as your in hand salary.
I asked. They never gave me a proper reason and asked me to close it, if i wanted.Ask the bank why. Then ask them to restore it. Else, no point keeping the card with that low limit, just close it and apply with another bank. You’ll get better.
There is algorithm at work which no one has idea about.
Yesterday i logged into sbi cards website. I applied for credit increase. They asked about gross salary, as i put my gross salary in it and clicked on next, my new limit was shown around 2,95,000. In next step it asked me to upload last 2 salary slips.
Then i uploaded and submitted my request.
Today morning itself i got declined message from SBI Cards.
So yes by default what other banks follow around minimum of around 2-3 times of salary in hand is the norm. But SBI cards is altogether is following different formula. They are not even giving same card limit as your in hand salary.
I asked. They never gave me a proper reason and asked me to close it, if i wanted.
I'm using Infinia for 99% of my spends. There are places where SBI CB gives more returns compared to any other card that too with monthly 5K cashback. It's an excellent card.
It comes in handy when Infinia Smartbuy quota is exhausted or places like park+, where I can buy fuel for a discount. 😁But you’re not able to use it, and you can do nothing about it if they’ve deemed they won’t increase your limit.
Yes, sir. Only 2 things are infinite :And, just out of curiosity, is your username an acronym for what I think it is?
I am having 3 L plus salary & 45 L ITR, they are not increasing limit.There is algorithm at work which no one has idea about.
Yesterday i logged into sbi cards website. I applied for credit increase. They asked about gross salary, as i put my gross salary in it and clicked on next, my new limit was shown around 2,95,000. In next step it asked me to upload last 2 salary slips.
Then i uploaded and submitted my request.
Today morning itself i got declined message from SBI Cards.
So yes by default what other banks follow around minimum of around 2-3 times of salary in hand is the norm. But SBI cards is altogether is following different formula. They are not even giving same card limit as your in hand salary.
bhai sbi cb kis case me infinia se jyada cashback deta hai ?I asked. They never gave me a proper reason and asked me to close it, if i wanted.
I'm using Infinia for 99% of my spends. There are places where SBI CB gives more returns compared to any other card that too with monthly 5K cashback. It's an excellent card.
bhai card konsa tha apka sbi ka, aur usse pehle kitne card the apke pas ?SBI gave me 7 times my in-hand income.
Point is, every bank has their own profile assessment and we continue wasting time in conjecture.