Good News or Bad ? Now No Individual Limit . Shared limit for all Axis Bank Cards.

[Sri.yadav]

Dear Customer, Thank you for banking with us. Now worry less and spend more on the card of your choice! Avail the benefit of sharing the highest credit limit across all your Axis Bank Credit Cards at no extra cost and no additional documentation. We have observed 2 Axis Bank Credit Cards under your name. The below cards have a lower limit than your aggregate limit: ​ XXXXXXXXXXXXXXX8 with limit of Rs.164000.00​ ​ XXXXXXXXXXXXXXX1 with limit of Rs.164000.00​ Credit limit across all your Axis Bank Credit Cards is shared. Irrespective of different credit limits individually on your Axis Bank Credit Card, the combined usage will be restricted to the shared limit.​ In lieu of the same, we are revising the individual limits across each of your cards to the aggregate limit available at an overall level. Your aggregate limit across all your cards is Rs. 210000.00 and you can share this limit across all your individual cards.​ This is the highest limit offered to you and is not a limit increment. You can now use all your cards as per your requirement, within the same limit. In situations where the outstanding exceeds the assigned credit limit, standard over limit charges will be applicable.​ Credit limits at an individual card level or shared limit at the customer level are decided at the sole discretion of the Bank basis extant internal guidelines. Axis Bank reserves the right to update the customer's demographic and personal details as per the latest application for his/her existing card(s) if any.​ Note: If you have any Fixed Deposit (FD) backed credit card or corporate credit card, it will be excluded from this activity and will continue with the limit as is. In the consideration of credit cards displayed above, bank’s internal guidelines have been applied.​ For any further queries, contact : *1860 419 5555 / *1860 500 5555 / 1800 103 5577​ Always open to help you.

Regards, Axis Bank Ltd.

 

[SSV]

Ok I missed then!
Is there any thread here already? I haven't noticed?

No need, mods will block this thread..
@vaibhav111 ji, please have a look

 

[D₹V]

Ok I missed then!
Is there any thread here already? I haven't noticed?

Thread 'Good News or Bad ? Now No Individual Limit . Shared limit for all Axis Bank Cards.' https://www.technofino.in/community...t-shared-limit-for-all-axis-bank-cards.12622/

 

[SSV]

@Pavan ji, have a look at this thread

 

[Astraea]

if it's shared why the hell they are adding credit account on our cibil for each and every card. It's not right. We have do something or else RBI put some guidelines about this. Or our Cibil will be filled with these credit card accounts

 

[LJGIBBS]

if it's shared why the hell they are adding credit account on our cibil for each and every card. It's not right. We have do something or else RBI put some guidelines about this. Or our Cibil will be filled with these credit card accounts

Total Limit would increase thereby keeping utilisation below. Kya takleef hai aapko ?

 

[Astraea]

Total Limit would increase thereby keeping utilisation below. Kya takleef hai aapko ?

You're correct, but your credit report will show multiple credit card accounts. I hope you'll maintain your credit card bills below 25-30% just before the billing date; that's sufficient.

These are my thoughts you might different thoughts I totally agree muje kuch takleef nahi.

 

[LJGIBBS]

You're correct, but your credit report will show multiple credit card accounts. I hope you'll maintain your credit card bills below 25-30% just before the billing date; that's sufficient.

These are my thoughts you might different thoughts I totally agree muje kuch takleef nahi.

Even HDFC and Kotak reports multiple entries in CIBIL for multiple cards with combined limits. I was hoping that ICICI too would report separately for Coral and Sapphiro, which they haven't.

 

[Astraea]

Even HDFC and Kotak reports multiple entries in CIBIL for multiple cards with combined limits. I was hoping that ICICI too would report separately for Coral and Sapphiro, which they haven't.

Yeah Kotak and HDFC does that. But when it comes ICICI Core credit cards (Platinum, Coral, Sapphiro, Emerald) one account and for different co-branded cards individual enteries are mode.

 

[RAMESH BABU N]

Why is this considered a bad thing? Let's say you have two Axis cards with different limits. You can only spend up to the maximum limit on your higher card, for example, ₹2.25 lakh on one card and ₹1.8 lakh on the other. Regardless, you can't exceed ₹2.25 lakh in a single month before clearing the dues. So, what am I missing here? It's actually a good thing that I have seen MyZone with a higher limit than the Select card because it was issued earlier or vice versa. In any case, the limit is always shared between all Axis cards. HDFC follows this approach, while ICICI seems to have variations in this policy for certain cards.

My old AIRTEL was having 1.9L limit but the latest KWIK Rupay Virtual card was having 4.2L limit. Now, both cards are showing 4.2L limit each.

Happy with this new limit arrangement.