HDFC Credit Limit Increased from 15.5 lakh to 17.05 Lakh

[sunit123]

HDFC is offering increase in credit limit.....My wife received SMS regarding increase in credit limit...Increased to 17.05 Lakh

 

[aniketkr.sharma]

The formal procedure is to request for limit increase from the internet banking. If you are a good customer (utilisation in 20-40% and diligent in payments), you will have easy RLI.
The next option is escalation team and then the last option is Grievance Redressal team.

I have the last option parag rao

 

[manojsurya99]

I have the last option parag rao

You can also go to RBI Ombudsman as well, if you didn't like the reason bank gave you. But I said first step should be enough if you duly perform it.

 

[aniketkr.sharma]

You can also go to RBI Ombudsman as well, if you didn't like the reason bank gave you. But I said first step should be enough if you duly perform it.

Rbi ombudsman doesn't deal with limit increase as of now for any consumer

 

[manojsurya99]

But you can always go to RBI Ombudsman if you are not satisfied with the reason provided by any Bank. Even if they reject your card, and doesn't give you a proper reason, you can approach RBI Ombudsman.

 

[aniketkr.sharma]

But you can always go to RBI Ombudsman if you are not satisfied with the reason provided by any Bank. Even if they reject your card, and doesn't give you a proper reason, you can approach RBI Ombudsman.

Try and let us know about this stupidity too

 

[manojsurya99]

Try and let us know about this stupidity too

One of my friend did this and then HDFC Bank called him and said that he did not meet the policy criteria to increase the limit and instead of he can share his current payslip, they will look into it. He wants to purchase something which cannot be done with the current limit, they increased the limit temporarily. And later they increased it permanently after his payslips were shared.
This happened during the big billion sale period in 2024.

 

[nandhakumar]

any one get LE on business cards ?

I also have business regalia card and card vintage 9 years and last limit increase 4 years ago.now limit is 2.73k.when I ask to increase the limit nothing happen.declined everytime

 

[bhavik886151]

I also have business regalia card and card vintage 9 years and last limit increase 4 years ago.now limit is 2.73k.when I ask to increase the limit nothing happen.declined everytime

you mail documents and ITR/payslip or any other way to ask for LE

 

[nandhakumar]

you mail documents and ITR/payslip or any other way to ask for LE

I tried many times I have itr 8 laks only...

 

[manojsurya99]

If the card vintage is 9 years and your limit is 2.73k, then there must be something wrong with your business. Just check your income vs obligations, any missed payments, are you not using your card at all, did you use your card for personal transactions?

 

[nandhakumar]

If the card vintage is 9 years and your limit is 2.73k, then there must be something wrong with your business. Just check your income vs obligations, any missed payments, are you not using your card at all, did you use your card for personal transactions?

this is business regalia card and I was using full limit every month.i think that's the problem using full limit.
9 Years not missed single Payment.

 

[Dharm]

I also have business regalia card and card vintage 9 years and last limit increase 4 years ago.now limit is 2.73k.when I ask to increase the limit nothing happen.declined everytime

2.73k means?? Your limit is just 2730 rs. ??? Or am i missing something??

 

[nandhakumar]

2.73k means?? Your limit is just 2730 rs. ??? Or am i missing something??

2 lakh 73 thousand

 

[Dharm]

2 lakh 73 thousand

Ok you mean 2.73L, sorry for misunderstanding

 

[manojsurya99]

Even I misunderstood it as 2370.
But if you are utilising every month to the full, then there is a danger of your commercial CIBIL being in the ranks of 7-9. i.e. credit hungry, peak utilisation.
And this can be one of the reason why the limit will not be increased.

 

[nandhakumar]

Even I misunderstood it as 2370.
But if you are utilising every month to the full, then there is a danger of your commercial CIBIL being in the ranks of 7-9. i.e. credit hungry, peak utilisation.
And this can be one of the reason why the limit will not be increased.

Yes.me also thinking this the reason for limit is not increased.so.i will pay the full amount next month and stop using card. .

 

[Credit_Cards]

Even I misunderstood it as 2370.
But if you are utilising every month to the full, then there is a danger of your commercial CIBIL being in the ranks of 7-9. i.e. credit hungry, peak utilisation.
And this can be one of the reason why the limit will not be increased.

I was told be BM and RM that I need to use card more for LE as I am not using not getting LE

 

[Dharm]

I was told be BM and RM that I need to use card more for LE as I am not using not getting LE

I am on 9L with hdfc regalia since 2017, not teceived any LE offer after that

 

[manojsurya99]

Each and every card a bank defines has a minimum limit and maximum limit.
For any user to have their limit enhanced, limit should be utilised to the extent of 50% and pay it diligently for atleast 3+ months and then surely bank will be willing to enhance your limit. If at this time, there is no approval for limit, you can provide your updated income statements to get the limit enhanced.

If the limit is not enhanced even then, it can be because the card has at the maximum limit already, bank decided to reduce their unsecured portfolio or specific set of resources, your financial health is not good.

 

[sunit123]

After 1 month, received one more limit enhancement in Jan'25 from 17.05 lakh to 18.75 lakh...Total limit enhancement of 3.25 lakh within 1month