0xShailesh
TF Select
Hey guys, Namaste.
So basically, i got my amex plat travel last year in august. And gold charge 4 months ago.
Amex increased my credit limit of plat travel intially from INR 99,000 to INR 1,49,000 after 6 months when i called them. Gold charge card had a shadow limit of around 8L.
Now today, when my plat travel statement is generated, i got a mail, stating my credit limit has been reduced on my plat travel to INR 32,000. which is roughly -80% of what i had. The gold card's shadow limit is less than 1L now (although i didn't get any specific mail about the gold card).
I'm curious to why this had happened.
Here are few things to know -
1. I spend roughly around 20-30k every month on my gold charge. Basic living expense like food etc for family.
2. Always paid my bills in Full. Never missed a payment.
3. My cibil dropped 3 points this month.
4. Mobikwik Zip BNPL sent an incorrect late payment to CIBIL, Experian and CRIF in Feb 24. Although, Cibil's slate was made clean, Experian and CRIF still persists to this day. (However my gold card was approved with this shit on all the reports, as amex didn't pull the report then).
5. I made 2 transaction on a mobile website last month, whose bill was generated today, for the first trx the company didn't have the item in stock and didn't refund my money for more than 7 business days. So i filed a chargeback. For the 2nd trx, i got the device, but it had major scratches and dents, was sold a superb device. As usual the company, just ignored all my emails for return. So i filed 2nd chargeback.
6. These 2 trx was converted to EMI. I have only done 2 EMI's before this.
7. My dad has a supplementary card, and he uses it, regularly for his personal and business spends.
8. I expect my ITR to be lower than last year's one. Since i'm focusing more on my preparation for masters. But amex doesn't know that, since ITR not ready yet.
If someone know the reason, or if there is something i can do. Please assist. Thank you.
So basically, i got my amex plat travel last year in august. And gold charge 4 months ago.
Amex increased my credit limit of plat travel intially from INR 99,000 to INR 1,49,000 after 6 months when i called them. Gold charge card had a shadow limit of around 8L.
Now today, when my plat travel statement is generated, i got a mail, stating my credit limit has been reduced on my plat travel to INR 32,000. which is roughly -80% of what i had. The gold card's shadow limit is less than 1L now (although i didn't get any specific mail about the gold card).
I'm curious to why this had happened.
Here are few things to know -
1. I spend roughly around 20-30k every month on my gold charge. Basic living expense like food etc for family.
2. Always paid my bills in Full. Never missed a payment.
3. My cibil dropped 3 points this month.
4. Mobikwik Zip BNPL sent an incorrect late payment to CIBIL, Experian and CRIF in Feb 24. Although, Cibil's slate was made clean, Experian and CRIF still persists to this day. (However my gold card was approved with this shit on all the reports, as amex didn't pull the report then).
5. I made 2 transaction on a mobile website last month, whose bill was generated today, for the first trx the company didn't have the item in stock and didn't refund my money for more than 7 business days. So i filed a chargeback. For the 2nd trx, i got the device, but it had major scratches and dents, was sold a superb device. As usual the company, just ignored all my emails for return. So i filed 2nd chargeback.
6. These 2 trx was converted to EMI. I have only done 2 EMI's before this.
7. My dad has a supplementary card, and he uses it, regularly for his personal and business spends.
8. I expect my ITR to be lower than last year's one. Since i'm focusing more on my preparation for masters. But amex doesn't know that, since ITR not ready yet.
If someone know the reason, or if there is something i can do. Please assist. Thank you.
