Banks Sensitive to Credit Limit and Enquiries

[TheGuy]

Which banks are sensitive to Credit Limit and Enquiries?

Credit Limit Exposure-​

- SBI Cards
- UBI ^
- HSBC ^

Weak Correlation
- Axis ^ *(Very Moody Bank)

Credit Enquiries-​

- Amex: Usually doesn't like more than 3-4 queries in last 3 months *
- StanC ^ *
- HSBC ^ ^
- Federal Bank

Known for reducing limits-​

- RBL ^ ^
- Kotak ^
- HDFC (Did this during COVID times)
- Axis (Did this during COVID)
Weak Correlation
- SBI ^

​

I will maintain this list. Please share your inputs

 

[anonymuos]

RBL and Kotak decrease limit

StanC, HSBC and Federal Bank don't approve if too many enquiries in recent months.

 

[4uziaul]

Amex doesn't care anymore about how many inquiries you have on your CIBIL in the last 3 months. Many others on the forum and I have applied and got our cards approved even though we had numerous inquiries on our CIBIL.

 

[Aditya12]

Amex doesn't care anymore about how many inquiries you have on your CIBIL in the last 3 months. Many others on the forum and I have applied and got our cards approved even though we had numerous inquiries on our CIBIL.

Right. I got it when I had 9-10 enquiries in past 1-2 months.

 

[coolguy1]

Amex doesn't like sending enquiries either if you're a valued customer and apply for another card, you might get approved without your CIBIL being hit.

 

[luciferlucifer is verified member.]

Credit Limit Exposure-​

UBI

 

[NShah]

Credit Limit Exposure-

Axis bank 😖

 

[realjayt]

Credit Limit Exposure-​

UBI

As in they limit the ‘limit’ based on my overall credit limit of all cards?

 

[pra1968]

Right. I got it when I had 9-10 enquiries in past 1-2 months.

How old your history in cibil?
What effect these enquires did on your cibil?

 

[D₹V]

Great thread 🧵👏

 

[TheGuy]

As in they limit the ‘limit’ based on my overall credit limit of all cards?

I can't comment for UBI but SBI will reject you if you have high credit limit (combined) compared to ratio of Income.

 

[Yugi]

SBI checks your total exposure that is all your loan EMI's (Home, Education, Personal etc) and combined credit limit of your credit cards, if they feel salary is not enough to cover the exposure they straight away reject the customer. This clearly reflected by conservative credit limits they give.

 

[Sahilhenzy]

Amex doesn't care anymore about how many inquiries you have on your CIBIL in the last 3 months. Many others on the forum and I have applied and got our cards approved even though we had numerous inquiries on our CIBIL.

Same applies to SCB

 

[CMGCMG is verified member.]

Which banks are sensitive to Credit Limit and Enquiries?

Credit Limit Exposure-​

- SBI Cards
- UBI ^
- HSBC ^

Weak Correlation
- Axis ^ *(Very Moody Bank)

Credit Enquiries-​

- Amex: Usually doesn't like more than 3-4 queries in last 3 months *
- StanC ^
- HSBC ^ ^
- Federal Bank

Known for reducing limits-​

- RBL ^ ^
- Kotak ^
- HDFC (Did this during COVID times)
Weak Correlation
- SBI ^

​

I will maintain this list. Please share your inputs

Axis too decreased limit during covid