HSBC Credit Limit Enhancement Offer

[Tylerdurden]

Currently I hold HSBC Cashback card with a limit of Rs.1 lakh. I am now offered a limit of Rs.1.6 lakhs by HSBC. Should I accept it or wait for a better CLE
Please provide your guidance on this.
Thanks in advance.

 

[federer.reddevil]

Currently I hold HSBC Cashback card with a limit of Rs.1 lakh. I am now offered a limit of Rs.1.6 lakhs by HSBC. Should I accept it or wait for a better CLE
Please provide your guidance on this.
Thanks in advance.

I think 60% is a good LE so I will suggest take it. However better to ask other's opinion also

Btw where you saw this LE?

 

[jyothisthaliath]

Currently I hold HSBC Cashback card with a limit of Rs.1 lakh. I am now offered a limit of Rs.1.6 lakhs by HSBC. Should I accept it or wait for a better CLE
Please provide your guidance on this.
Thanks in advance.

I suggest to take it. Can't expect a huge enhancement without significant change in income and other parameters

 

[r1210user]

Take it. I have 6 year old hsbc card. Started with 1.5 lakh. Every year I get some limit enhancement. Now it is at 8.5 lakh. I hardly use this card.

 

[canitin]

You should definitely accept credit LE offer, as it will help you in keeping your overall credit utilization low. I have also received limit enhancement from 1.8 lacs to 11.8 lacs on my HSBC card couple of weeks back, even though I hardly use this card. Remember - Once you accept the LE offer, it usually takes upto 2 weeks to update the limit by HSBC.

 

[percolate]

Take it. I have 6 year old hsbc card. Started with 1.5 lakh. Every year I get some limit enhancement. Now it is at 8.5 lakh. I hardly use this card.

where do you get the LE offer?

 

[Tylerdurden]

I think 60% is a good LE so I will suggest take it. However better to ask other's opinion also

Btw where you saw this LE?

I received a mail regarding the LE.

 

[Tylerdurden]

where do you get the LE offer?

Received a mail