HDFC Offered me very low limit on Tata Neu+ Card , what's happening?

[vsharad]

Hi Technofino Members,

I hope you all are good

So on 1st October i applied for tata neu+ credit card and initially it showed me "Your credit limit is upto 51k" But after my card was approved on 5th October, this is the limit they offered :


- ₹10K limit
My Credit score at the time of applying was 750+ with no payment delays
I don't have any clue on why such low limit, maybe my other cards limit is also near this!

But i didn't expected them to offer me that much low limit

What if i want to swipe more than this limit? What would i do.

My card portfolio :
* Axis Flipkart (6 months old)
* Axis Myzone ( 5 months old)
* Axis IOCL ( 5 months old)
All have shared limit of ₹15k ( Axis ₹15k club )
* Onecard Secured : ₹6500 ( An Emi is active in this , will end on December)

Let me know your suggestions on how can i get a high limit card ?

 

[WandereR]

My card portfolio :
* Axis Flipkart (6 months old)
* Axis Myzone ( 5 months old)
* Axis IOCL ( 5 months old)
All have shared limit of ₹15k ( Axis ₹15k club )
* Onecard Secured : ₹6500 ( An Emi is active in this , will end on December)

None of these have significantly high limit. Getting 10K limit would be disappointing but isn't it quite close to what you have on the rest? If it's only for the limit you could try amazon pay and other ICICI cards. You'll get a decent limit

 

[vsharad]

I know that axis cards have almost same limit, but my point of posting it was just getting suggestions on how to increase the limit or are there any other ways to get a card having high limit!
I've faced many issue while shopping online, since i cannot purchase more than the limit and therefore cannot avail the cash back offers!
I can't apply amazon pay card as its showing me "INVITE ONLY" in the app.

BTW thanks for your suggestions!

None of these have significantly high limit. Getting 10K limit would be disappointing but isn't it quite close to what you have on the rest? If it's only for the limit you could try amazon pay and other ICICI cards. You'll get a decent limit

 

[Deleted member 11974]

upto 51 doesnt mean somewhere around 40-50
it will look what other banks are offering you
and the limit approved will be in range of that itslef

 

[Deleted member 11974]

I know that axis cards have almost same limit, but my point of posting it was just getting suggestions on how to increase the limit or are there any other ways to get a card having high limit!

share salary slips and ask for limit enhancement

 

[vsharad]

share salary slips and ask for limit enhancement

I think I'll wait for automatic LE, as my salary is also in range 20-25k .
Thanks for the suggestions though.

 

[vsharad]

upto 51 doesnt mean somewhere around 40-50
it will look what other banks are offering you
and the limit approved will be in range of that itslef

I think you are correct, they might have seen my Axis card with just ₹15k limit and gave similar limit and if i would have a card with high limit, they would've offered me good limit.

 

[Akashn]

I think I'll wait for automatic LE, as my salary is also in range 20-25k .
Thanks for the suggestions though.

try it. auto LE will take time..

 

[vsharad]

try it. auto LE will take time..

I'll wait thanks
Will earn more and then ask LE, don't want just 25k limit LOL
Thanks for your suggestion

 

[Vivek 32100]

Hi Technofino Members,

I hope you all are good

So on 1st October i applied for tata neu+ credit card and initially it showed me "Your credit limit is upto 51k" But after my card was approved on 5th October, this is the limit they offered :
View attachment 31676

- ₹10K limit
My Credit score at the time of applying was 750+ with no payment delays
I don't have any clue on why such low limit, maybe my other cards limit is also near this!

But i didn't expected them to offer me that much low limit

What if i want to swipe more than this limit? What would i do.

My card portfolio :
* Axis Flipkart (6 months old)
* Axis Myzone ( 5 months old)
* Axis IOCL ( 5 months old)
All have shared limit of ₹15k ( Axis ₹15k club )
* Onecard Secured : ₹6500 ( An Emi is active in this , will end on December)

Let me know your suggestions on how can i get a high limit card ?

Has your limit increased? Because same case happened with me also: Approved only 6 days ago: With 10k limit