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Kotak asking money for Credit Limit increase

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zoro

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The strangest of things happened today, I got an offer limit increase for my Kotak credit card, but to have the limit increase I need to pay a fee of 99+GST, I mean just why.

I used to have league card in the past(now closed) I had got multiple credit increase never had to pay a single rupee, along with the devaluations just when everyone is thinking what else can go wrong, Kotak has found a new way to do it 🙂
 
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zoro said:
The strangest of things happened today, I got an offer limit increase for my Kotak credit card, but to have the limit increase I need to pay a fee of 99+GST, I mean just why.

I used to have league card in the past(now closed) I had got multiple credit increase never had to pay a single rupee, along with the devaluations just when everyone is thinking what else can go wrong, Kotak has found a new way to do it 🙂
Click to expand...
Kotak is like this since their bachpan 🦁.
 
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this is a new height of banking fee and charges.. have increased CL multiple times from multiple credit card issuers in last decade , never heard fee for same.
 
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Dear Officer,

I hope this message finds you well. I am writing to inform you that I must decline your offer of an increased credit limit on my credit card. The reason for this decision is the processing fee requirement associated with the offer.

I find the expectation of paying a processing fee for this service to be unreasonable. I do not believe that charging such fees is standard practice. Therefore, I kindly request to maintain my current credit limit without any changes.

Thank you for understanding my perspective on this matter.

Best regards.

Sent To - k.vora@kotak.com, p.balgi@kotak.com, ceo@kotak.com, k.vora@kotakbank.com, p.balgi@kotakbank.com, ceo@kotakbank.com

Thank you, ChatGPT
 
Last edited:
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equalizer said:
Dear Officer,

I hope this message finds you well. I am writing to inform you that I must decline the your offer of an increased credit limit on my credit card. The reason for this decision is the processing fee requirement associated with the offer.

I find the expectation of paying a processing fee for this service to be unreasonable. I do not believe that charging such fees is standard practice. Therefore, I kindly request to maintain my current credit limit without any changes.

Thank you for understanding my perspective on this matter.

Best regards.

Sent To - k.vora@kotak.com, p.balgi@kotak.com, ceo@kotak.com, k.vora@kotakbank.com, p.balgi@kotakbank.com, ceo@kotakbank.com

Thank you, ChatGPT
Click to expand...
Remove "the" from second line.
 
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Used WhatsApp banking to increase limit. No fee charged. Did on 3 cards.
From today no new customer on cc for kotak. RBI hold on new cc and digital banking customers.
 
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zoro said:
The strangest of things happened today, I got an offer limit increase for my Kotak credit card, but to have the limit increase I need to pay a fee of 99+GST, I mean just why.

I used to have league card in the past(now closed) I had got multiple credit increase never had to pay a single rupee, along with the devaluations just when everyone is thinking what else can go wrong, Kotak has found a new way to do it 🙂
Click to expand...
I also got the same message last month where limit would be enhanced for 99+gst...
Later I got an email that limit would be enhanced free of cost but on app it still showed charges, so I went with the enhancement and no charges were charged
 
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zoro said:
The strangest of things happened today, I got an offer limit increase for my Kotak credit card, but to have the limit increase I need to pay a fee of 99+GST, I mean just why.

I used to have league card in the past(now closed) I had got multiple credit increase never had to pay a single rupee, along with the devaluations just when everyone is thinking what else can go wrong, Kotak has found a new way to do it 🙂
Click to expand...
its normal with kotak.. 99 is ok for LE.. if u get a decent increase..
 
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zoro said:
The strangest of things happened today, I got an offer limit increase for my Kotak credit card, but to have the limit increase I need to pay a fee of 99+GST, I mean just why.

I used to have league card in the past(now closed) I had got multiple credit increase never had to pay a single rupee, along with the devaluations just when everyone is thinking what else can go wrong, Kotak has found a new way to do it 🙂
Click to expand...
Was about the make the thread. Just imagine how many cc holders will click on "SUBMIT" button without reading the charges haha
 
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Dear Customer, As requested, Credit Limit on your Kotak Bank Credit Card ending xxxxx has been increased from Rs 250000 to Rs 312000 . Thank You.

No charge were charged - ITS PAID KOTAK IOCL
 
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They've sent mail and increasing limit by 40000 but charging 100+ GST as processing fee.

I won't pay them a single rupee. Also don't care about their stupid limit as I find my existing limit decent
 
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