SBI credit card limit reallocation

[vamsikrishna1997]

I got and pre-approved offer for SBI octane rupay credit card and I would like to try it and they offered without joining fee.

While trying to complete the application process it asked me to adjust the credit limit between my existing SBI cashback credit card and the new octane credit card.

I will currently adjust the credit limit between the two cards and apply for the octane credit card but I have two questions here:
1) Once I applied by distributing the limit between the two cards, will I be able to change the limits for those cards or not? If I can what will be the process for it?
2) I have a limit of 1.2l currently for cashback card and I'll allocate 80k to octane card for now. If in any case I wanted to close the octane card, then what will happen to limit I added to that card. Will the limit between added back to my cashback card or it'll be lost?

 

[2025]

I got and pre-approved offer for SBI octane rupay credit card and I would like to try it and they offered without joining fee.

While trying to complete the application process it asked me to adjust the credit limit between my existing SBI cashback credit card and the new octane credit card.

I will currently adjust the credit limit between the two cards and apply for the octane credit card but I have two questions here:
1) Once I applied by distributing the limit between the two cards, will I be able to change the limits for those cards or not? If I can what will be the process for it?
2) I have a limit of 1.2l currently for cashback card and I'll allocate 80k to octane card for now. If in any case I wanted to close the octane card, then what will happen to limit I added to that card. Will the limit between added back to my cashback card or it'll be lost?

1. You can change limit later on by calling customer care. But I would suggest u allocate only 30/40k for octane card unless u have anything in plan to purchase using sbi card offer.
2. Before closing transfer the limit back to cashback card. Do it one month before closing. Sometime they say system is not working etc etc. u can transfer in 2/3 times also.

 

[harsh_ujjwal]

I got and pre-approved offer for SBI octane rupay credit card and I would like to try it and they offered without joining fee.

While trying to complete the application process it asked me to adjust the credit limit between my existing SBI cashback credit card and the new octane credit card.

I will currently adjust the credit limit between the two cards and apply for the octane credit card but I have two questions here:
1) Once I applied by distributing the limit between the two cards, will I be able to change the limits for those cards or not? If I can what will be the process for it?
2) I have a limit of 1.2l currently for cashback card and I'll allocate 80k to octane card for now. If in any case I wanted to close the octane card, then what will happen to limit I added to that card. Will the limit between added back to my cashback card or it'll be lost?

1. Once you allocate the limit you won't be able to change the limit.
2.As of now it is possible to transfer your limit to other sbi card if one wants to close secondary sbi card. So you can transfer your limit from octance to cashback as of now but what happens in future is of no guarantee.

 

[Fini7777]

I got and pre-approved offer for SBI octane rupay credit card and I would like to try it and they offered without joining fee.

While trying to complete the application process it asked me to adjust the credit limit between my existing SBI cashback credit card and the new octane credit card.

I will currently adjust the credit limit between the two cards and apply for the octane credit card but I have two questions here:
1) Once I applied by distributing the limit between the two cards, will I be able to change the limits for those cards or not? If I can what will be the process for it?

u can transfer back the limit again by calling cc team or via email

2) I have a limit of 1.2l currently for cashback card and I'll allocate 80k to octane card for now. If in any case I wanted to close the octane card, then what will happen to limit I added to that card. Will the limit between added back to my cashback card or it'll be lost?

80k for Octane is not a good decision, in my opinion.
If you want to close the card in the future, you can transfer back the limit to your Cashback card, but not the full amount. You must keep at least 20k on the Octane card.

So, if the Octane card is closed in the future, you’ll lose 20k of your limit, and your Cashback card will retain 100k.

 

[2025]

u can transfer back the limit again by calling cc team or via email

80k for Octane is not a good decision, in my opinion.
If you want to close the card in the future, you can transfer back the limit to your Cashback card, but not the full amount. You must keep at least 20k on the Octane card.

So, if the Octane card is closed in the future, you’ll lose 20k of your limit, and your Cashback card will retain 100k.

20k minimum may not be necessary. I kept 15k only. I did the transpose 3-4 months back. I was allowed to transfer even more. I don't know exactly upto how much. Maybe upto 10k or zero.
Let others confirm. But it's not 20k.

 

[Fini7777]

20k minimum may not be necessary. I kept 15k only. I did the transpose 3-4 months back. I was allowed to transfer even more. I don't know exactly upto how much. Maybe upto 10k or zero.
Let others confirm. But it's not 20k.

what's the limit on ur existing cc?

 

[2025]

what's the limit on ur existing cc?

Cashback: 110k
SimplySave: 15k (never used it) just took it to increase limit of cashback and for sbi card offers in mega sales.

 

[vamsikrishna1997]

u can transfer back the limit again by calling cc team or via email

80k for Octane is not a good decision, in my opinion.
If you want to close the card in the future, you can transfer back the limit to your Cashback card, but not the full amount. You must keep at least 20k on the Octane card.

So, if the Octane card is closed in the future, you’ll lose 20k of your limit, and your Cashback card will retain 100k.

I just wanted to have maximum limit on octane just because if whenever needed we can use it avail discounts using sbi card as we won't be getting any instant discounts using cashback card.

Also thanks for sharing the information and I'll transfer the limit back to cashback card before closing octane card or will downgrade it normal BPCL card so that I'll also have a normal sbi card for any future needs.

 

[vamsikrishna1997]

Cashback: 110k
SimplySave: 15k (never used it) just took it to increase limit of cashback and for sbi card offers in mega sales.

I also have an existing simply save card with an limit of 10k but I never used it and also never got an limit increase on it and I have it since 4 years and will close it once I get the octane card

 

[rajcasio]

Me too did a blunder by allotting 1.2L(from BPCL 2.4L) to SIMPLYSAVE👎
Now i'm not interested in SS and i should be on my knees to get back the LIMIT to BPCL😭

 

[Fini7777]

I just wanted to have maximum limit on octane just because if whenever needed we can use it avail discounts using sbi card as we won't be getting any instant discounts using cashback card.

Also thanks for sharing the information and I'll transfer the limit back to cashback card before closing octane card or will downgrade it normal BPCL card so that I'll also have a normal sbi card for any future needs.

ok, it makes sense

 

[Fini7777]

Cashback: 110k
SimplySave: 15k (never used it) just took it to increase limit of cashback and for sbi card offers in mega sales.

Actually, I requested them for 15k and 10k but they disagreed
They said it's mandatory to keep min 20k

 

[Rahul_diwan]

Actually, I requested them for 15k and 10k but they disagreed
They said it's mandatory to keep min 20k

Call again, minimum is 10K

 

[vega]

u can transfer back the limit again by calling cc team or via email

80k for Octane is not a good decision, in my opinion.
If you want to close the card in the future, you can transfer back the limit to your Cashback card, but not the full amount. You must keep at least 20k on the Octane card.

So, if the Octane card is closed in the future, you’ll lose 20k of your limit, and your Cashback card will retain 100k.

15k is floor limit for sbi cards having annual fee upto 999, above 999, we need to allocate minimum 40k.

 

[vamsikrishna1997]

Also have a doubt again, if whenever I want to downgrade the octane card, can I downgrade to BPCL normal variant or to simply save or click only?

 

[Fini7777]

Also have a doubt again, if whenever I want to downgrade the octane card, can I downgrade to BPCL normal variant or to simply save or click only?

u can opt for any card of ur choice but analyze ur spending pattern and choose the card.

 

[vega]

Also have a doubt again, if whenever I want to downgrade the octane card, can I downgrade to BPCL normal variant or to simply save or click only?

Yes, sbi allows. And it's called flip 🙃.