Benefit of Low Credit Limit on card in Card Portfolio

[KumarS]

I see most of us like to have higher credit limit, for various reasons. Which is good

I have slightly different take, I think we should have any one credit card with lower limit for following reason

Background - a year back I used my SCBU card on domain company (reasonably know and large, starts with NameC), and I think my card got stored, the following day I had 2, transaction worth $500+ from some unknown European sites, places. I promptly got my card replaced with new number. Since then I am bit conscious to used by card on various sites (domain, hosting, etc small expenses during international travel)

Requirements/Solutions
I'm currently looking for unsecured card
- card with with 50k limit (lower the better)
-acceptable in international payment gateway
-good app, so that we can cancel, track,manage, etc.

I am not looking for secured credit card.

I was hopeful that 1 card will give me lower limit, but unfortunately it is also quite high, currently for small transaction I mainly uses IDFC select.

However for solutions or suggestions if anyone have any views

Thank you

 

[kochiro]

Sbi will give you low limit, some even got like 10k limit even though they had good salary.

 

[KumarS]

Yes I know. my SCB card limit is around 2.5L

 

[KumarS]

People here search CCs with higher limits ... I think it's quite hard to get CC with lower limits given we once have CCs with high limits

Different people different use case. I already have too much limit on lot of card. For some transaction like paying toll, Petrol at remote places etc I would prefer lower limit card, let's see.

 

[KumarS]

Sure, once I get it, will definitely share it.

 

[KumarS]

Did the fraud transactions get reversed?

Yes. They given full limit to me, they would have recovered or blocked the other party via visa

 

[fatehbajwa]

Set transaction limit to any card you have....to the level you are comfortable with

 

[KumarS]

Yes its already done on all cards, we need to keep increase and decrease the limit. Hence looking for something for specific use cases.

 

[raj007]

Try axis bank they will give limit of 15-20k

 

[KumarS]

Already have Axis with very high limit.
Thinking of BoB

 

[fatehbajwa]

Already have Axis with very high limit.
Thinking of BoB

Was gonna suggest BobCard.
Got it via C2C. Limit 40K against other card limit of 950K.

 

[KumarS]

Yes, thanks. Will try BoB once the pending application are completed and hope they fasten the process.

 

[souvikdey2002]

I see most of us like to have higher credit limit, for various reasons. Which is good

I have slightly different take, I think we should have any one credit card with lower limit for following reason

Background - a year back I used my SCBU card on domain company (reasonably know and large, starts with NameC), and I think my card got stored, the following day I had 2, transaction worth $500+ from some unknown European sites, places. I promptly got my card replaced with new number. Since then I am bit conscious to used by card on various sites (domain, hosting, etc small expenses during international travel)

Requirements/Solutions
I'm currently looking for unsecured card
- card with with 50k limit (lower the better)
-acceptable in international payment gateway
-good app, so that we can cancel, track,manage, etc.

I am not looking for secured credit card.

I was hopeful that 1 card will give me lower limit, but unfortunately it is also quite high, currently for small transaction I mainly uses IDFC select.

However for solutions or suggestions if anyone have any views

Thank you

Try any of these 4 cards, if you get by chance it will not be over 1 Lakh:-

1. Axis Bank
2. HSBC
3. Bank of Baroda

 

[KumarS]

Thanks

Have both axis and HSBC with reasonable high rate.

BoB will try to apply after saving account is done, may be in 1-2 month. Thx

 

[souvikdey2002]

Thanks

Have both axis and HSBC with reasonable high rate.

BoB will try to apply after saving account is done, may be in 1-2 month. Thx

Would you mind disclosing HSBC Limit?

 

[KumarS]

HSBC - 3L

 

[souvikdey2002]

HSBC - 3L

It's low comparable to other cards but yes comparable HSBC it's pretty high.

 

[AllSeeker]

BOB would be perfect for you, however, if I may, since you are interested in international transaction, might want to consider a card which has lowest foreign currency/foreign currency charges.

One card has fairly low, like 1% or something (if I remember correctly)

So, whatever card you pick, its better to see that also.

 

[KumarS]

BOB would be perfect for you, however, if I may, since you are interested in international transaction, might want to consider a card which has lowest foreign currency/foreign currency charges.

One card has fairly low, like 1% or something (if I remember correctly)

So, whatever card you pick, its better to see that also.

Thanks mate. Have 1 card with limit of close to 10Lacs. And reward rate is very bad, but use is sometime to use the feature (slide to pay)

My main card for international spend is HDFC Infinia, however these small recurring transaction on domains and hosting I want to put it on a small card, instead of exposing large limit card.

If nothing works, I may use of this PSB banks debit card, will keep small Balance in that ac. Let's see how it goes.

Thanks again for suggestions friend.

 

[KumarS]

He's looking for 50K range limit

Thanks