HSBC Credit Limit Enhancement Offer

[Tylerdurden]

Currently I hold HSBC Cashback card with a limit of Rs.1 lakh. I am now offered a limit of Rs.1.6 lakhs by HSBC. Should I accept it or wait for a better CLE
Please provide your guidance on this.
Thanks in advance.

 

[federer.reddevil]

Currently I hold HSBC Cashback card with a limit of Rs.1 lakh. I am now offered a limit of Rs.1.6 lakhs by HSBC. Should I accept it or wait for a better CLE
Please provide your guidance on this.
Thanks in advance.

I think 60% is a good LE so I will suggest take it. However better to ask other's opinion also

Btw where you saw this LE?

 

[jyothisthaliath]

Currently I hold HSBC Cashback card with a limit of Rs.1 lakh. I am now offered a limit of Rs.1.6 lakhs by HSBC. Should I accept it or wait for a better CLE
Please provide your guidance on this.
Thanks in advance.

I suggest to take it. Can't expect a huge enhancement without significant change in income and other parameters

 

[r1210user]

Take it. I have 6 year old hsbc card. Started with 1.5 lakh. Every year I get some limit enhancement. Now it is at 8.5 lakh. I hardly use this card.

 

[canitin]

You should definitely accept credit LE offer, as it will help you in keeping your overall credit utilization low. I have also received limit enhancement from 1.8 lacs to 11.8 lacs on my HSBC card couple of weeks back, even though I hardly use this card. Remember - Once you accept the LE offer, it usually takes upto 2 weeks to update the limit by HSBC.

 

[percolate]

Take it. I have 6 year old hsbc card. Started with 1.5 lakh. Every year I get some limit enhancement. Now it is at 8.5 lakh. I hardly use this card.

where do you get the LE offer?

 

[Tylerdurden]

I think 60% is a good LE so I will suggest take it. However better to ask other's opinion also

Btw where you saw this LE?

I received a mail regarding the LE.

 

[Tylerdurden]

where do you get the LE offer?

Received a mail

 

[Hisoka]

I saw this pop up of limit increase on my Home Screen. Upon accepting, it’s still showing my older limit under transactions tab. How much time does it take for the new limit to reflect in the app?

 

[dealminer]

You should definitely accept credit LE offer, as it will help you in keeping your overall credit utilization low. I have also received limit enhancement from 1.8 lacs to 11.8 lacs on my HSBC card couple of weeks back, even though I hardly use this card. Remember - Once you accept the LE offer, it usually takes upto 2 weeks to update the limit by HSBC.

Card's age ?

 

[the_collector]

I saw this pop up of limit increase on my Home Screen. Upon accepting, it’s still showing my older limit under transactions tab. How much time does it take for the new limit to reflect in the app?

My hsbc card , I haven't got LE for over 2 years 🙁

 

[RadTheCrab]

I saw this pop up of limit increase on my Home Screen. Upon accepting, it’s still showing my older limit under transactions tab. How much time does it take for the new limit to reflect in the app?

It can take upto a month for the new credit limit to come into effect.