Reported Income vs LE offers

[suhailmz]

Hello,

Need your help to understand the impact of difference between total reported income vs overall Credit limit.
Say my annual income reported with CIBIL is 30 lakh & the total credit limit on all my cards is 35 lakh. Logically, banks should not be comfortable to enhance my limit any further. What are your thoughts? Please do share as I’m looking forward to increase my DCB & Magnus limit & have few cards which I don’t use frequently & thinking of closing them.

@Wealth is my birth right! @TechnoFino @CardWale_Baba

 

[luciferlucifer is verified member.]

Hello,

Need your help to understand the impact of difference between total reported income vs overall Credit limit.
Say my annual income reported with CIBIL is 30 lakh & the total credit limit on all my cards is 35 lakh. Logically, banks should not be comfortable to enhance my limit any further. What are your thoughts? Please do share as I’m looking forward to increase my DCB & Magnus limit & have few cards which I don’t use frequently & thinking of closing them.

@Wealth is my birth right! @TechnoFino @CardWale_Baba

Usually PSU banks consider this logic and maybe few pvt banks too