RewardsAlert
TF Legend
Dear fellow members,
I am aware that most of you might be in a situation, wherein a bank is not offering you a pre approved Limit Increase offer or you are not able to share Income docs for manual Limit Increase.
After going through experiences of hundreds of people in TF and my other sources, I have been able to compile a basic formula for getting an unconditional Limit Enhancement.
Currently, this is only limited to 3/4 Pvt Banks only as given below:
Limit Enhancement purely phone call based:
Kotak Mahindra Bank: there are two ways to get this done
1. You can ask the customer care team to connect you with retention team, and give them a hint about your card closure due to low limit.
Tell them, that you were planning to utilise more than 30% of your limit for an upcoming offer, but if you do so, then your CIBIL will get hampered. Just try and try to make them believe that only reason for your card closure is poor limit.
If your card account has a "good internal score" as per Kotak, then on call itself they will initiate a Limit enhancement as per their system.
2. You can directly ask the customer care to increase your card limit without forwarding to retention team. The chances of this happening are less, but they have the controls to do this.
American Express: As you all know that Amex has certainly the best customer care reps in the whole market, hence they leave no stone unturned to please their customers.
Steps to approach:
1. As amex has no seperate retention team, so you have to directly deal with main customer care team.
You can convince them by saying one of the reason as high utilisation in CIBIL as explained in Kotak example.
Or you can just ask them, that you are going for an international travel, where the expenditure would be in Lakhs, and you'd be using your Amex cards, as they are secure and customer centric.
If their system allows, they can initiate a Limit Increase request without any docs.
Limit Enhancements based on Emails:
ICICI Bank: There is a provision in ICICI Bank, wherein you can ask for a Limit increase on any card, which hasn't gotten a pre approved offer in a year or more. You just have to email them, and state your story about lesser limits on card and as you are a creditworthy customer, and you use your cards,, responsibly, you should be given a limit enhancement.
These methods that I have mentioned above are purely subjective in nature, there is no pre determined outcome that can be observed by trying them.
Also this works best in case your card hasn't received any LE in 1 year or more.
This majorly depends upon your "internal banking score" of the concerned bank and highly on your negotiation and convincing skills.
Kotak, ICICI and Amex are the banks that have honoured the LE manually without requirement of income docs.
If anyone of you knows any other bank which grants LE based on similar methods, do comment below.
I am aware that most of you might be in a situation, wherein a bank is not offering you a pre approved Limit Increase offer or you are not able to share Income docs for manual Limit Increase.
After going through experiences of hundreds of people in TF and my other sources, I have been able to compile a basic formula for getting an unconditional Limit Enhancement.
Currently, this is only limited to 3/4 Pvt Banks only as given below:
Limit Enhancement purely phone call based:
Kotak Mahindra Bank: there are two ways to get this done
1. You can ask the customer care team to connect you with retention team, and give them a hint about your card closure due to low limit.
Tell them, that you were planning to utilise more than 30% of your limit for an upcoming offer, but if you do so, then your CIBIL will get hampered. Just try and try to make them believe that only reason for your card closure is poor limit.
If your card account has a "good internal score" as per Kotak, then on call itself they will initiate a Limit enhancement as per their system.
2. You can directly ask the customer care to increase your card limit without forwarding to retention team. The chances of this happening are less, but they have the controls to do this.
American Express: As you all know that Amex has certainly the best customer care reps in the whole market, hence they leave no stone unturned to please their customers.
Steps to approach:
1. As amex has no seperate retention team, so you have to directly deal with main customer care team.
You can convince them by saying one of the reason as high utilisation in CIBIL as explained in Kotak example.
Or you can just ask them, that you are going for an international travel, where the expenditure would be in Lakhs, and you'd be using your Amex cards, as they are secure and customer centric.
If their system allows, they can initiate a Limit Increase request without any docs.
Limit Enhancements based on Emails:
ICICI Bank: There is a provision in ICICI Bank, wherein you can ask for a Limit increase on any card, which hasn't gotten a pre approved offer in a year or more. You just have to email them, and state your story about lesser limits on card and as you are a creditworthy customer, and you use your cards,, responsibly, you should be given a limit enhancement.
These methods that I have mentioned above are purely subjective in nature, there is no pre determined outcome that can be observed by trying them.
Also this works best in case your card hasn't received any LE in 1 year or more.
This majorly depends upon your "internal banking score" of the concerned bank and highly on your negotiation and convincing skills.
Kotak, ICICI and Amex are the banks that have honoured the LE manually without requirement of income docs.
If anyone of you knows any other bank which grants LE based on similar methods, do comment below.
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