Idfc credit limit increased challenge

[db24]

How much previous year spending is required on idfc card to avail limit increase offer in next year?
Please do the needful if you have any information.

 

[krishg]

Perhaphs they have rejected your request. I had submitted Form 16 of 25L but still IDFC did not increase my credit limit. I was stuck on 1.06L limit since launch of select CC. Closed the card.

Hmm...unnecessary had one cibil hit!

 

[card-shard]

Perhaphs they have rejected your request. I had submitted Form 16 of 25L but still IDFC did not increase my credit limit. I was stuck on 1.06L limit since launch of select CC. Closed the card.

I would say closing the card bcoz bank isn't increasing limit is little too much, as the limit was decent.
As long as your single transaction is not more than 1.06L, you can always use the card, make payment, use the card and continue.
By this approach, you can make purchases of more than 1.06L within one statement. Common man, we Indians are that much Jugaadu.

It's little difficult to get LE for self-employed people (assuming this, since you only submitted Form16)
If you are salaried, then you could've submitted salary slips of last 3 months + recent 3 month's bank statement showing salary credits, to get up-to 1/3rd of your annual CTC as limit.

 

[Avatar Aang]

I would say closing the card bcoz bank isn't increasing limit is little too much, as the limit was decent.
As long as your single transaction is not more than 1.06L, you can always use the card, make payment, use the card and continue.
By this approach, you can make purchases of more than 1.06L within one statement. Common man, we Indians are that much Jugaadu.

It's little difficult to get LE for self-employed people (assuming this, since you only submitted Form16)
If you are salaried, then you could've submitted salary slips of last 3 months + recent 3 month's bank statement showing salary credits, to get up-to 1/3rd of your annual CTC as limit.

Lolz 1/3rd 😂 The limit was less than my gross salary. I had submitted the salary slips but I don't know why they denied LE.
Whereas IDFC has given 3L limit to my non working aunt. She only has pension income that is 1/4th of my salary.

 

[sharma]

Not happening for me.
Contacted banker@ and nodal@ but no use.
Both declined saying it's not possible 😕😔

 

[hks789]

Lolz 1/3rd 😂 The limit was less than my gross salary. I had submitted the salary slips but I don't know why they denied LE.
Whereas IDFC has given 3L limit to my non working aunt. She only has pension income that is 1/4th of my salary.

Not happening for me.
Contacted banker@ and nodal@ but no use.
Both declined saying it's not possible 😕😔

Close the card and apply again after sometime.

I was stuck with ~2L limit.
Closed the card and applied a week later with different combinations of c2c cards and salary. Showed a limit of 3.5 but still it was select card(didn't take)
Again tried after a month c2c with Amex mrcc card - got wealth with 5L+ limit

 

[ajitshukla19]

Close the card and apply again after sometime.

I was stuck with ~2L limit.
Closed the card and applied a week later with different combinations of c2c cards and salary. Showed a limit of 3.5 but still it was select card(didn't take)
Again tried after a month c2c with Amex mrcc card - got wealth with 5L+ limit

Earlier you were holding which card variant? Select or wealth

 

[hks789]

Earlier you were holding which card variant? Select or wealth

IDFC Select card