Compensation for wrong limit on credit card

[justarandomguy]

Does anyone know what kind of compensation I can claim for wrong credit limit given by bank on my credit card??
(When I received the card, it had a limit of 50% of what I was shown on the pre approved application page.)

 

[Tejo]

Does anyone know what kind of compensation I can claim for wrong credit limit given by bank on my credit card??
(When I received the card, it had a limit of 50% of what I was shown on the pre approved application page.)

Which bank?

It's banks internal policy, mostly rbi will dump your complain unless massively the people raise same issue

 

[RAMESH BABU N]

Most probably, NOTHING.

What was shown in pre-eligible or pre-approval stage is TENTATIVE (and it was only an indicative figure - before processing).

What is communicated along with the Card is the FINAL after your application was processed.

So, don't waste your time on such things. Use the card for atleast 6 months and then ask for limit enhancement - with your ITR and salary income slips. The bank may consider it favorably.

 

[RAMESH BABU N]

Moreover, compensation is given when there is a quantifiable loss due to the acts of the other party.

What was your quantifiable loss ?