SBI Credit card limit

[arunb248]

Hi Folks,

A few days back I have applied for SBI credit card. Later I got a message like this "Dear Applicant, thank you for applying for SBI Credit Card. Your Application No. Xxxxxxx is being processed with tentative credit limit ranging between Rs. 12000 and Rs. 15000, subject to verification of your application. You can track your application status at https://sbicard.com - SBI Card"

Does it mean the credit limit offered by SBI Cards is ranged between 12k to 15k? Or is it going to be increased after KYC with good figure. I didn't touch the kyc part as I don't have clarity on the credit limit part. If it is true that sbi offered such low limit I don't even want to go ahead and do the kyc. Please clarify my doubt thank you.

@TechnoFino please help to clarify my doubt thank you

 

[s1t2y3a3m6]

Does it mean the credit limit offered by SBI Cards is ranged between 12k to 15k?

Yes

is it going to be increased after KYC with good figure

No.

You can increase limit after 6 month but that also not guaranteed as all depends on your credit review.

 

[coolguy1]

That's a rough estimate based on your credit profile.

If all the information is accurate and as expected, yes, the limit would be in that range.

If there's some misinformation and your salary/credit score feels higher than what the system has estimated then you would get a higher limit.

I know people with 10K limits as well so it's not surprising, it can always be increased by using the card frequently and making timely payments.