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Road to 1 lakh limit to 5lakh

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R

realrrishi

TF Buzz
Currently i have Axis, Kotak & SbI credit card
Axis Select: 1 lakh ( free with burgundy)
Kotak Myntra: 1.3 lakh
Sbi CashBack : 90k limit

Uses is around 30k per month & few EmI on SBI cashback.

My point is i tried sending ITR 7 lakh but they are not increasing, i need at least 2 lakh + limit (few higher payments for insurance & investment plans)

What should i do?

If i take higher varient card will it help?
Like Axis Atlas , SBI Elite & Kotak white card ( getting pre approved)

Cibil 780+ & Cred cash loan & SBI Personal Loan is running around 2 lakh ( i can pay at one shot but keeping as it’s around 12% & zero processing)

Is personal loan creating issues?

I have closed all card who’s limit below 1 lakh 3 months back
Like HDFC (40k limit past 2 year), IDFC (44k), Yes bank (46k), RBL ( 62k).

Please do suggest best way to increase limit asp. Also recently visited, Bob financial suggested me to do 2.5 lakh FD and I will get 2 lakh limit with bob Eterna card , will help me ? After getting this card i can apply for another card on c2c basis & later i can close this card ? Also I have checked fd base card showing in cibil as secure card, so will it can create any issue if I apply c2c ?
 
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helloworld

helloworld

TF Legend
ITR 7Lakhs, at 10% reduction at most assuming monthly net 50k+

Credit cards that I know used to provide limit upto 3x of net which is 1.5L

If need more either more ITR or longer duration with that bank with on-time payments and upgrades to better card. If need quick route, only FD card which doesn't cause any problem with your CIBIL but some banks won't accept as C2C. Other than blocking limit, no problems with FD cards. Go for it.
 
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Vasuki

Vasuki

TF Pioneer
Contributor
RML Group
VIP Lounge
realrrishi said:
Currently i have Axis, Kotak & SbI credit card
Axis Select: 1 lakh ( free with burgundy)
Kotak Myntra: 1.3 lakh
Sbi CashBack : 90k limit

Uses is around 30k per month & few EmI on SBI cashback.

My point is i tried sending ITR 7 lakh but they are not increasing, i need at least 2 lakh + limit (few higher payments for insurance & investment plans)

What should i do?

If i take higher varient card will it help?
Like Axis Atlas , SBI Elite & Kotak white card ( getting pre approved)

Cibil 780+ & Cred cash loan & SBI Personal Loan is running around 2 lakh ( i can pay at one shot but keeping as it’s around 12% & zero processing)

Is personal loan creating issues?

I have closed all card who’s limit below 1 lakh 3 months back
Like HDFC (40k limit past 2 year), IDFC (44k), Yes bank (46k), RBL ( 62k).

Please do suggest best way to increase limit asp. Also recently visited, Bob financial suggested me to do 2.5 lakh FD and I will get 2 lakh limit with bob Eterna card , will help me ? After getting this card i can apply for another card on c2c basis & later i can close this card ? Also I have checked fd base card showing in cibil as secure card, so will it can create any issue if I apply c2c ?
Click to expand...
Try icici via c2c .

For fd .
Do high limit fd in icici .
After 3-4 month apply apay . U will get with same limit . Later close fd card.
 
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NikunjP

NikunjP

TF Premier
VIP Lounge
realrrishi said:
Currently i have Axis, Kotak & SbI credit card
Axis Select: 1 lakh ( free with burgundy)
Kotak Myntra: 1.3 lakh
Sbi CashBack : 90k limit

Uses is around 30k per month & few EmI on SBI cashback.

My point is i tried sending ITR 7 lakh but they are not increasing, i need at least 2 lakh + limit (few higher payments for insurance & investment plans)

What should i do?

If i take higher varient card will it help?
Like Axis Atlas , SBI Elite & Kotak white card ( getting pre approved)

Cibil 780+ & Cred cash loan & SBI Personal Loan is running around 2 lakh ( i can pay at one shot but keeping as it’s around 12% & zero processing)

Is personal loan creating issues?

I have closed all card who’s limit below 1 lakh 3 months back
Like HDFC (40k limit past 2 year), IDFC (44k), Yes bank (46k), RBL ( 62k).

Please do suggest best way to increase limit asp. Also recently visited, Bob financial suggested me to do 2.5 lakh FD and I will get 2 lakh limit with bob Eterna card , will help me ? After getting this card i can apply for another card on c2c basis & later i can close this card ? Also I have checked fd base card showing in cibil as secure card, so will it can create any issue if I apply c2c ?
Click to expand...
I had Axis Vistara with 1 Lakh limit. When I applied Magnus got 3 Lakh. They informed for magnus minimum 3 Lakh is limit.

You can try Atlas or Vistara infinite.
 
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NikunjP

NikunjP

TF Premier
VIP Lounge
DocFixIt said:
Confusing.. re write
Click to expand...
If you have 1 axis card & you apply to another Axis premium card, most probably your limit will increase significantly.

Premium & super premium cards are issued with much higher limit compared to basic cards.

Axis magnus are issued with minimum 3 lakh limit(confirmed with RM) . Don't know about minimum limit of atlas but should be in similar range.
 
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P

Predator

TF Ace
VIP Lounge
Verified User
NikunjP said:
If you have 1 axis card & you apply to another Axis premium card, most probably your limit will increase significantly.

Premium & super premium cards are issued with much higher limit compared to basic cards.

Axis magnus are issued with minimum 3 lakh limit(confirmed with RM) . Don't know about minimum limit of atlas but should be in similar range.
Click to expand...
Axis gave me Atlas with a mere 50k limit.
 
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s1t2y3a3m6

s1t2y3a3m6

TF Premier
realrrishi said:
Currently i have Axis, Kotak & SbI credit card
Axis Select: 1 lakh ( free with burgundy)
Kotak Myntra: 1.3 lakh
Sbi CashBack : 90k limit

Uses is around 30k per month & few EmI on SBI cashback.

My point is i tried sending ITR 7 lakh but they are not increasing, i need at least 2 lakh + limit (few higher payments for insurance & investment plans)

What should i do?

If i take higher varient card will it help?
Like Axis Atlas , SBI Elite & Kotak white card ( getting pre approved)

Cibil 780+ & Cred cash loan & SBI Personal Loan is running around 2 lakh ( i can pay at one shot but keeping as it’s around 12% & zero processing)

Is personal loan creating issues?

I have closed all card who’s limit below 1 lakh 3 months back
Like HDFC (40k limit past 2 year), IDFC (44k), Yes bank (46k), RBL ( 62k).

Please do suggest best way to increase limit asp. Also recently visited, Bob financial suggested me to do 2.5 lakh FD and I will get 2 lakh limit with bob Eterna card , will help me ? After getting this card i can apply for another card on c2c basis & later i can close this card ? Also I have checked fd base card showing in cibil as secure card, so will it can create any issue if I apply c2c ?
Click to expand...
If you want to increase axis limit & agree to go for higher variant then go with axis. If Atlas/magnus approved then definitely you would get higher limit.
 
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R

realrrishi

TF Buzz
Predator said:
Suppose we get a second or third Axis card against FD, will its limit be matched or shared with other cards too?
If yes then this can be one of the ways to increase the limit.
Just close the FD-backed card once the limits are matched
Click to expand...
Is it possible? If possible then this will be best & easy way to increase limit
 
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