Axis Low Credit Limit

[rahulnanwani]

Before I dive in, just to set the context.
My first credit card was Flipkart Axis with a credit limit of 30k only. After holding it for 2 years. I had credit limit of 60k but after it went through a few devaluations I closed it and got SBI Cashback card with a limit of about 1 lakh at the time of joining and currently I have 4 credit cards with a combined limit of about 10 lakhs.
I had recently opened an Axis account with good funding and about a month ago Axis rejected my application for MyZone Rupay, immediately after rejection I applied for Airtel Rupay which after 5 weeks got approved but I have been offered very low credit limit of 28k. Is it possible to increase the credit limit before activation?

 

[Anindya98]

Is it possible to increase the credit limit before activation?

No, but if you have income documents, send them after three months of statement generation. They will increase your limit by at least 3-4X.

 

[rahulnanwani]

No, but if you have income documents, send them after three months of statement generation. They will increase your limit by at least 3-4X.

Got it, thank you!

 

[Svm]

One thing I learned during my credit card usage is Never Close Credit Card if you have a good limit either downgrade it to someother card before closing old one. I learnt this hard lesson from hdfc from closing 7lakhs limit card

 

[Svm]

No, but if you have income documents, send them after three months of statement generation. They will increase your limit by at least 3-4X.

Problem is even if you have good income now but chances are very less but we can try sending income documents as suggested

 

[rahulnanwani]

One thing I learned during my credit card usage is Never Close Credit Card if you have a good limit either downgrade it to someother card before closing old one. I learnt this hard lesson from hdfc from closing 7lakhs limit card

Lesson learnt, I did that for my mom’s credit card.