Mrcc low credit limit

[ank_sh1]

I had recently applied for MRCC credit card and the card got delivered today. The limit is very low i.e. 50k. All my other cards have decent limit and few cards having limit of 3.85L. My monthly salary is 4x my limit provided, not sure how they judge the limit

Should I activate card or just cancel it? Or will they increase limit on request?

 

[Aditya12]

I’m guessing you did not submit the income documents because you were not asked for!
Many people get 50k limit because that’s the minimum they give on mrcc without docs. You can activate and provide them income documents to increase limit. You might have to wait for a few months but go ahead and start using. Anyway this card is useful for a maximum of 20k a month. Even 50k limit will suffice.

 

[ank_sh1]

I’m guessing you did not submit the income documents because you were not asked for!
Many people get 50k limit because that’s the minimum they give on mrcc without docs. You can activate and provide them income documents to increase limit. You might have to wait for a few months but go ahead and start using. Anyway this card is useful for a maximum of 20k a month. Even 50k limit will suffice.

Nope, I did. Firstly I submitted my Last 2 months' salary slip and 2 months' statement. However since I received my December salary was credited early (22 December) because of the holiday season, they asked for either clarification or ITR or Form 26AS. I submitted last year's ITR as well as Form 26AS.

Not sure about the reason behind this limit. But man, their customer service and Retention team ne Dil Jeet Liya, The way they talk and regard, I decided not to close.

 

[MS R]

I had recently applied for MRCC credit card and the card got delivered today. The limit is very low i.e. 50k. All my other cards have decent limit and few cards having limit of 3.85L. My monthly salary is 4x my limit provided, not sure how they judge the limit

Should I activate card or just cancel it? Or will they increase limit on request?

call after six months ur limit will be enhanced based on ur salary.. (not CIBIL enquiry)

my card was increased twice in the past one year (1st time i requested after 6 months, 2nd time auto increased offer)

 

[Sriim]

call them exactly after six months ur limit will be anhanced based on ur salary.. (not CIBIL enquiry)

This was what the customer care told when i requested increase in limit. It can be done only after 6 months of usage

 

[moneyMaker]

But man, their customer service and Retention team ne Dil Jeet Liya, The way they talk and regard

Amex is chaning the Indian CC industry for the better!