Query on Axis credit card aggregate limit

[dhshankar]

I've two CC with shared 4.5L credit limit .. But, aggregate limit showing as 20L.

Can anyone explain funda behind it . If I request Axis to remove the individual CL per card , will get 20L as shared limit ?

 

[dhshankar]

“Aggregate Transaction Limit” shall mean the maximum limit that can be availed on Card(s) at any point of time.

It is cumulative CL on all CC and not Txn limit

 

[Karthik:]

I've two CC with Axis each one of 4.5L credit limit .. But, aggregate limit showing as 20L.

Can anyone explain funda behind it . If I request Axis to remove the individual CL per card , will get 20L as shared limit ?

View attachment 3338

The limit increase is most probably on your Airtel Axis credit card. During application via Airtel thanks app, there will be check box to enable bank increase credit limit based on card usage. If you had checked it, Axis Bank can increase your limit without your subsequent approval. Otherwise they take your consent before any limit enhancement.

 

[dhshankar]

Corrected the word. Yet, definition same. Max. limit available to spend on all cards.

So, do you mean that if I request Axis to remove individual CC limit, then I can have limit of 20L shared among them

 

[Karthik:]

So, do you mean that if I request Axis to remove individual CC limit, then I can have limit of 20L shared among them

What I mean to say is they might have increased your Axis Airtel credit card limit from 4.5L to 15.5L and your Flipkart CC CL is 4.5L in total 20L.

 

[CMGCMG is verified member.]

Do you have individual or shared limit for the two cards?

 

[dhshankar]

I just called their priority support member and below is outcome

-> He mentioned the credit limit is shared across two cards.
-> 20L figure as a aggregate limit could be some technical issue on App/Netbanking, as they don't see 20L as aggregate limit in their backend systems (they see only 4.5L as aggregate limit)

 

[CMGCMG is verified member.]

I have 20L as aggregate limit. If i use the card for ₹100, it decreases to 19,99,900 for few days (until the transaction gets reflected in unbilled) and then resets back to 20L.

 

[dhshankar]

I have 20L as aggregate limit. If i use the card for ₹100, it decreases to 19,99,900 for few days (until the transaction gets reflected in unbilled) and then resets back to 20L.

View attachment 3351

Thanks for the info.. What's your shared CL ?

 

[CMGCMG is verified member.]

Select with 150k and fk with 70k