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SBI CARD limit reduced/decreased issue

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Anupama_Jha

Anupama_Jha

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Hello 🤗

I know there are already many threads on same topic, so I won't bore you anymore. Kya matlab sirf badge badhane ke liye post kara hai😭 🤣

Let's get straight to the point ☝🏻

Starter - Limit got reduced by half.
86k to 40k

Main course --

1. I recently got it converted to LTF
2. Card is purely 13 months old only.
3. Got approved for prime earlier, but downgraded to Simply Click (ifykyk)
4. I am not fulfilling any of the criteria mentioned by @TechnoFino for decrease in credit limit.
4.1 No change in my CIBIL score from last 90 days
4.2 No new cards/loan issued in past 6 months. So, no over leverage also**
4.3 Delay - Wo kya hota hai

4.4 No financial problem in IND🇮🇳 as of 10th May 2024🙏🏻
4.5 Misuse - Hai kya SimplyClick me misuse krne ko 🤡

My query is - Has anyone got their limit re-instated after this fiasco, if yes "bata de bhai, dua milegi"

*Already sent a dhamki mail💌
 

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SSV said:
However,
It cant beat Master Card AXIS NEO and MASETER CARD AXIS MY ZONE ... Ever Ever Ever
😉 🪓 🪓 🪓
www.technofino.in

MY Zone CC [MC variant] works for NEO Offer of 5% discount on Mobile Prepaid, DTH , Broadband/landline Bill.. ENJOY

Guys.. Use your Myzone cad [MC Variant] for NEO benefits of 5% off in Amazon Pay for paying Mobile prepaid/DTH /BB/ LL paments.. I think they wrongly mapped NEO benefits to MY Zone holders as well... Enjoy while the fun lasts...
www.technofino.in www.technofino.in
Click to expand...
nk[ 1715446073500.png /USER]
1715446114669.png
 
Upvote 0 Downvote
Anupama_Jha said:
Hello 🤗

I know there are already many threads on same topic, so I won't bore you anymore. Kya matlab sirf badge badhane ke liye post kara hai😭 🤣

Let's get straight to the point ☝🏻

Starter - Limit got reduced by half.
86k to 40k

Main course --

1. I recently got it converted to LTF
2. Card is purely 13 months old only.
3. Got approved for prime earlier, but downgraded to Simply Click (ifykyk)
4. I am not fulfilling any of the criteria mentioned by @TechnoFino for decrease in credit limit.
4.1 No change in my CIBIL score from last 90 days
4.2 No new cards/loan issued in past 6 months. So, no over leverage also**
4.3 Delay - Wo kya hota hai

4.4 No financial problem in IND🇮🇳 as of 10th May 2024🙏🏻
4.5 Misuse - Hai kya SimplyClick me misuse krne ko 🤡

My query is - Has anyone got their limit re-instated after this fiasco, if yes "bata de bhai, dua milegi"

*Already sent a dhamki mail💌
Click to expand...
You are not alone. This is happening because the RBI increased the risk weight on consumer credit to 150%. In simpler terms, banks now have to set aside Rs. 150 in capital for every Rs. 100 you spend using credit card limit. This is the main reason why you are seeing many banks reducing credit card offerings recently.
 
Upvote 0 Downvote
SSV said:
However,
It cant beat Master Card AXIS NEO and MASETER CARD AXIS MY ZONE ... Ever Ever Ever
😉 🪓 🪓 🪓
www.technofino.in

MY Zone CC [MC variant] works for NEO Offer of 5% discount on Mobile Prepaid, DTH , Broadband/landline Bill.. ENJOY

Guys.. Use your Myzone cad [MC Variant] for NEO benefits of 5% off in Amazon Pay for paying Mobile prepaid/DTH /BB/ LL paments.. I think they wrongly mapped NEO benefits to MY Zone holders as well... Enjoy while the fun lasts...
www.technofino.in www.technofino.in
Click to expand...
Axis k higher level pe mail kar k bol diya toh thik kar dega. Isliye uchlo maat.

Twitter pe bhi halla bol kar sakta hu. Bas na karne k piche bhi mera koi aur reason hai.

guess kar sakte ho toh karlo.
 
Upvote 0 Downvote
Abhishek012 said:
Axis k higher level pe mail kar k bol diya toh thik kar dega. Isliye uchlo maat.

Twitter pe bhi halla bol kar sakta hu. Bas na karne k piche bhi mera koi aur reason hai.

guess kar sakte ho toh karlo.
Click to expand...
No problem.. you do your bit . I will do my bit in every SBI CB card thread..
It doesn’t really bother me if they remove that feature
 
Last edited:
Upvote 0 Downvote
TechnoFino said:
You are not alone. This is happening because the RBI increased the risk weight on consumer credit to 150%. In simpler terms, banks now have to set aside Rs. 150 in capital for every Rs. 100 credit limit. This is the main reason why you are seeing many banks reducing credit card offerings recently.
Click to expand...

How recent was that mandate from RBI? Should we expect other banks to start following SBI in terms of reducing CLs too (as opposed to just "reducing credit card offerings", which somehow suggests to me issuing of new cards, or perhaps future CL increase offers as well, but not reduction in existing CLs)?

ps. I just saw your new thread in this regard. Thanks.

That has left me somewhat puzzled about the recent showering of substantial LEs on me by some banks for no good reason! 🙂
.
 
Last edited:
Upvote 0 Downvote
Anupama_Jha said:
Hello 🤗

I know there are already many threads on same topic, so I won't bore you anymore. Kya matlab sirf badge badhane ke liye post kara hai😭 🤣

Let's get straight to the point ☝🏻

Starter - Limit got reduced by half.
86k to 40k

Main course --

1. I recently got it converted to LTF
2. Card is purely 13 months old only.
3. Got approved for prime earlier, but downgraded to Simply Click (ifykyk)
4. I am not fulfilling any of the criteria mentioned by @TechnoFino for decrease in credit limit.
4.1 No change in my CIBIL score from last 90 days
4.2 No new cards/loan issued in past 6 months. So, no over leverage also**
4.3 Delay - Wo kya hota hai

4.4 No financial problem in IND🇮🇳 as of 10th May 2024🙏🏻
4.5 Misuse - Hai kya SimplyClick me misuse krne ko 🤡

My query is - Has anyone got their limit re-instated after this fiasco, if yes "bata de bhai, dua milegi"

*Already sent a dhamki mail💌
Click to expand...
I agree. It's frustrating that my SBI credit card limit was also cut by 40%.
 
Upvote 0 Downvote
gratian.m said:
@Anupama_Jha could you please tell me how did you convert this cart to LTF?
Click to expand...
You can watch this thread.

www.technofino.in

Pro Tips to make a SBI card life time free

Pro Tips- Simple way to make Any basic to mid range SBI card LTF is to "Just raise a closure of card account request through Sbi card app .After few hours you will receive a call to ask a reason for cancellation ,there tell them Either make it Life time free or cancel the card.They will make...
www.technofino.in www.technofino.in

Meanwhile, my spends in last 1 yr on this cc was around 6L, so I just called them and told to convert it to LTF else I won't continue. She said, okai I am forwarding mail to backend team, this can/can't be done. So wait for response.

Neither I have received any sms, nor any confirmation post that. I called them again after 5 days and asked whether my card is LTF or not. They replied yes. I also got email confirmation from them.
 
Upvote 0 Downvote
RishiKiDev said:
One of my friend got his SimplySave limit decreased from 243k to 113k.

He has tried everything from customer care to PNO. No results.
They all are saying the same thing that this is due to periodic review by their algorithm and they can't do anything.
Click to expand...
is it really worthy to try to increase the limit. Mine is reduced 2 months back and i just ignored it. I use SBI card for instant discounts only.
 
Upvote 0 Downvote
hema220 said:
is it really worthy to try to increase the limit. Mine is reduced 2 months back and i just ignored it. I use SBI card for instant discounts only.
Click to expand...
if you ignored it in the first place that means it hardly affected you.
So you can safely ignore it now too.
Analyse the utility and usage of the card as it varies p2p and if the limit becomes unbearably less use the card then you can seek the solution.
 
Upvote 0 Downvote
In my case, SBI CB CC is regularly being used. Used for 2.5L in 2023 n 2.0L in 2024 sofar. Annual charges reversed. Limit remained at 2.2L since the beginning (02/2023). Happy with it. Not asking for LE or for LTF. Annual charges waiver limit is 1L. It's easily achievable.
 
Upvote 0 Downvote
SSV said:
I think they gave you mates rates ..🙂
Click to expand...
When I left SBI, I had 3 cards - total of individual limits was around 8L. Even before CB was launched, I surrendered 2 cards n asked for limit to be brought down to 3L. Enough for my needs. When SBI CB and SBI PayTm Visa were launched, I made the limits to 2.2L n 0.80L. Due to disuse, closed SBI PayTm card. Never bothered about asking them to transfer that limit to SBI CB. 2.2L is more than enough for me.
 
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