Is having low credit limit normal?

[krizxrofficial]

Hi all,

I have been using Axis Ace credit card since 2021 and I have followed the 30% usage rule since then. Occasionally it would be more than 30% usage but I would always pay my bills on time. Initially I was offered 26K credit limit (which matched my salary at that time) but it has been almost 2.5 years and they have only increased my credit limit to 52K.

Further, I'd like to add that I have added the following credit cards to my wallet:

2022 Axis Flipkart (offered LTF) - 26K limit initially, matched and shared Ace's limit now (52K)
2023 RBL World Safari - 50K
2023 OneCard LTF - 50K
2023 ICICI APay Card LTF - 2.6L
2023 Kotak White FYF - 46K

It's very frustrating to miss out on offers on items that exceed my credit limit and I have to pay using my debit cards. Is there any reason why I am getting such low credit limit on any card I apply? My credit score is always above 780. I distribute my spendings on all my cards depending on discounts and category. My salary has also increased significantly since 2021. I rarely convert any payments to EMI. I don't know what's wrong. Should I close a few cards to try and see if that will help my credit limit increase? I have seen a few friends get limits nearly 10x of their salary for some reason from APay card or AU card and I have no idea how or why. They also have a similar credit score as mine.

TL;DR - My credit limit feels very low compared to others even though my credit score and credit history is good. Is there any reason why?

UPDATE: Finally, someone heard my wishes at ICICI 🥺

 

[SSV]

Just wondering what does SSV stands for?

you could say "Yeshaswi" like in "yeshaswi jeswal"

 

[SSV]

Just wondering what does @S S V stands for?

you could say "Yeshaswi" like in "yeshaswi jeswal"

 

[4uziaul]

View attachment 26785

Got it! 👍

 

[SSV]

for our easy consumption:

 

[Rocky Bhai]

you could say "Yeshaswi" like in "yeshaswi jeswal"

Yashaswi bhav ✋

 

[SSV]

Yashaswi bhav ✋

excellent , that is correct 💯 💯 💯

 

[SSV]

Yashaswi bhav ✋

means , कीर्तिमान् bhava

 

[SSV]

यशस्वी is a sanskrit word meaning कीर्तिमान् to be precise...

 

[SSV]

@4uziaul , guruji , may I know what is your name stands for??

 

[plastikman]

यशस्वी is a sanskrit word meaning कीर्तिमान् to be precise...

But doesn't it mean 'May you be successful?' ?

 

[SSV]

is this last 5 letters your name?

 

[SSV]

But doesn't it mean 'May you be successful?' ?

yes sir, that is when added with " bhav"

 

[4uziaul]

@4uziaul , guruji , may I know what is your name stands for??

It's my name only for you Ziaul 😁

 

[SSV]

It's my name only for you Ziaul 😁

pronounciation??

 

[4uziaul]

pronounciation??

Ziaul, that's how you pronounce it.

 

[SSV]

Ziaul, that's how you pronounce it.

like this:

 

[Rocky Bhai]

like this:
View attachment 26788

 

[saucy]

If my credit limit is 50k and i want to purchase a tv/phone worth 80k. Can i load advance 30k into the card and make purchases ? Does this work in all cards ?

Does not work with HDFC and Axis. Have tried.
Not sure about the rest.

Perhaps looking into the "overlimit" facility is what deals with this -- it comes with some.fees.

Amex lets you purchase over your credit limit with some preconditions.

 

[krizxrofficial]

Kotak white with such low limit why did you get this paid card. Zen is better than white in terms of reward rate.

I got it FYF, looks cool. Will try to make it LTF, if it doesn't work, I'll close it before renewal. Card doesn't need to be active to be added to my collection now. 😉

Thanks to everyone else for their suggestions. 🙂

 

[jack333]

It's my name only for you Ziaul 😁

Bhai is se pehle aur kitno and kitniyon ko only for you bola hai 🤣🤣🤣