[Info] SC does a credit inquiry when one asks for LE

[mgforce]

Hi, sharing this information with fellow users.

I have SC Cards for the last 10-12 years and over the course of time Card Limit has increased to 10 lacs.

Recently thought of applying for LE and shared documents on Net Banking. While yet to get a confirmation on LE, learnt via CIBIL score that SCB did a credit inquiry of 60K since my request.

In the past, LE was always as per offer/communication and no inquiry was done. This time it was self initiated and considering long relationship was not expecting an inquiry. So pls be careful.

PS: I am salaried person with all payments on time.

 

[DevD]

Hi, sharing this information with fellow users.

I have SC Cards for the last 10-12 years and over the course of time Card Limit has increased to 10 lacs.

Recently thought of applying for LE and shared documents on Net Banking. While yet to get a confirmation on LE, learnt via CIBIL score that SCB did a credit inquiry of 60K since my request.

In the past, LE was always as per offer/communication and no inquiry was done. This time it was self initiated and considering long relationship was not expecting an inquiry. So pls be careful.

PS: I am salaried person with all payments on time.

Thanks for sharing this info. In my experience SC is very conservative in giving LE offer. In last five years I have received only 2 LE, that too only 10% each time in Manhattan card. Can you give any suggestion for getting automatic LE offer in SCB cards.

 

[mgforce]

Thanks for sharing this info. In my experience SC is very conservative in giving LE offer. In last five years I have received only 2 LE, that too only 10% each time in Manhattan card. Can you give any suggestion for getting automatic LE offer in SCB cards.

Sorry, don't have any suggestions as my use of SC card is limited. And I never sought for LE except this last time.

 

[Wealth is my birth right!]

Sorry, don't have any suggestions as my use of SC card is limited. And I never sought for LE except this last time.

Thanks for sharing your experience and my current situation with SCB is that my present Manhattan card limit 249900 they gave purposely 100/- less limit and I wanted for limit enhancement for 50100 but they denied saying that minimum 6months period required for LE revisit. Got frustrated and applied on portal via 1 rupee spending to upgrade to ultimate but they closed file after a week stating that internal policy they’re rejecting my application.
FYI i am a premium banking client with nrv 15lac
Advice if any way which will work out for a 50k limit increase. Several times spoke to cc and after that i am able to see in my app offers for loan on card, balance transfer at low cost and emi available for all 2k above spending but nothing appears for LE lol

 

[DevD]

Thanks for sharing your experience and my current situation with SCB is that my present Manhattan card limit 249900 they gave purposely 100/- less limit and I wanted for limit enhancement for 50100 but they denied saying that minimum 6months period required for LE revisit. Got frustrated and applied on portal via 1 rupee spending to upgrade to ultimate but they closed file after a week stating that internal policy they’re rejecting my application.
FYI i am a premium banking client with nrv 15lac
Advice if any way which will work out for a 50k limit increase. Several times spoke to cc and after that i am able to see in my app offers for loan on card, balance transfer at low cost and emi available for all 2k above spending but nothing appears for LE lol

If you are a premium customer then ask your RM to issue you their visa infinite card other than ultimate , then after three months call customer care to upgrade your visa infinite card to ultimate card.

 

[Wealth is my birth right!]

If you are a premium customer then ask your RM to issue you their visa infinite card other than ultimate , then after three months call customer care to upgrade your visa infinite card to ultimate card.

Did the same but i will get visa infinite with same limit what i've currently and with that ultimate will not be issued after 3 months this is what i got as reply from both cc and branch RM...SC is very conservative in assigning limits.

 

[DevD]

Did the same but i will get visa infinite with same limit what i've currently and with that ultimate will not be issued after 3 months this is what i got as reply from both cc and branch RM...SC is very conservative in assigning limits.

go to https://www.sc.com/in/credit-cards/ultimate-card/
there in FAQ section you can see.. it is mentioned..

 

[Gautham]

go to https://www.sc.com/in/credit-cards/ultimate-card/
there in FAQ section you can see.. it is mentioned..

Wow. Good point.

 

[anirbanm]

Manual LE i.e with income documents etc. often has chances for an enquiry. Pre approved LE usually doesn't have Cibil enquiries attached with them.

Hi, sharing this information with fellow users.

I have SC Cards for the last 10-12 years and over the course of time Card Limit has increased to 10 lacs.

Recently thought of applying for LE and shared documents on Net Banking. While yet to get a confirmation on LE, learnt via CIBIL score that SCB did a credit inquiry of 60K since my request.

In the past, LE was always as per offer/communication and no inquiry was done. This time it was self initiated and considering long relationship was not expecting an inquiry. So pls be careful.

PS: I am salaried person with all payments on time.

 

[Darshanc14]

Hi, sharing this information with fellow users.

I have SC Cards for the last 10-12 years and over the course of time Card Limit has increased to 10 lacs.

Recently thought of applying for LE and shared documents on Net Banking. While yet to get a confirmation on LE, learnt via CIBIL score that SCB did a credit inquiry of 60K since my request.

In the past, LE was always as per offer/communication and no inquiry was done. This time it was self initiated and considering long relationship was not expecting an inquiry. So pls be careful.

PS: I am salaried person with all payments on time.

Is it possible to ask for limit enhancement using a credit card statement of another bank like HDFC or Axis that have a higher credit limit? Will they match the higher credit limit that I have with these banks?

 

[MinatoFlash]

Hi, sharing this information with fellow users.

I have SC Cards for the last 10-12 years and over the course of time Card Limit has increased to 10 lacs.

Recently thought of applying for LE and shared documents on Net Banking. While yet to get a confirmation on LE, learnt via CIBIL score that SCB did a credit inquiry of 60K since my request.

In the past, LE was always as per offer/communication and no inquiry was done. This time it was self initiated and considering long relationship was not expecting an inquiry. So pls be careful.

PS: I am salaried person with all payments on time.

Hi
So how much time did SC took to respond back after credit inquiry for LE?

 

[Altamash06]

Thanks for sharing your experience and my current situation with SCB is that my present Manhattan card limit 249900 they gave purposely 100/- less limit and I wanted for limit enhancement for 50100 but they denied saying that minimum 6months period required for LE revisit. Got frustrated and applied on portal via 1 rupee spending to upgrade to ultimate but they closed file after a week stating that internal policy they’re rejecting my application.
FYI i am a premium banking client with nrv 15lac
Advice if any way which will work out for a 50k limit increase. Several times spoke to cc and after that i am able to see in my app offers for loan on card, balance transfer at low cost and emi available for all 2k above spending but nothing appears for LE lol

Minimum 4 lacs limit is required to apply ultimate.
i had applied to Platinum Rewards card and they gave me a limit of 249900. Due to their bad reward rate i didn't use it at all apart from 1 or maybe 3 transaction in a year but after a year they Enhance my limit to 333000 and now it's been 6 months they aren't increasing my limit or upgrading my card to ultimate. I also shared my latest ITR but no response till yet.

 

[mgforce]

Hi
So how much time did SC took to respond back after credit inquiry for LE?

In my case it was a disaster... even after many weeks they had no clue of this LE request and later said that declined for "no reasons"

 

[suhasa010]

Is it possible to ask for limit enhancement using a credit card statement of another bank like HDFC or Axis that have a higher credit limit? Will they match the higher credit limit that I have with these banks?

No. They only accept income docs.