Sbi credit limit decreased

[KK001]

I hv sbi SIMPLYCLICK cc with limit of 1l but today I checked the app to pay bill it's showing 69k limit and my last billed amount was 49k.

How to deal with this no msg or email received.

Cash limit: 50 Rs 😡

 

[KK001]

Instead of sharing emojis/reactn pls share the soln

 

[srikant]

You probably shouldn't be having such high utilization - do you normally have close to 49k bill or was it a one-off case? But for an immediate solution, you need ask SBICard!

 

[Fini7777]

I hv sbi SIMPLYCLICK cc with limit of 1l but today I checked the app to pay bill it's showing 69k limit and my last billed amount was 49k.

How to deal with this no msg or email received.

Cash limit: 50 Rs 😡

SBI is well known for Limit decrements and usually they review the credit profiles and change limit accordingly
In this situation u may reach out to SBI Card cc team but I don't think u get any resolution from them, Their generic reply"this is based on our internal policy and assessment"

 

[KK001]

SBI is well known for Limit decrements and usually they review the credit profiles and change limit accordingly
In this situation u may reach out to SBI Card cc team but I don't think u get any resolution from them, Their generic reply"this is based on our internal policy and assessment"

They told me "sir due to security reasons, no delay in payment from side, it's done by our backend team "

 

[KK001]

You probably shouldn't be having such high utilization - do you normally have close to 49k bill or was it a one-off case? But for an immediate solution, you need ask SBICard!

Yes last month my my bill was 46 k today 49 k but excluding these two months I keep my CUR below 30%

 

[KK001]

MOST IMP QUESTION

Will this limit decrease affect my CIBIL?

Till now I have only heard of limit decrease but first time it happened with me 😭

 

[Fini7777]

MOST IMP QUESTION

Will this limit decrease affect my CIBIL?

Till now I have only heard of limit decrease but first time it happened with me 😭

It depends on how many cards u have and total credit limit on all ur cards
Most likely there won't be any huge impact on ur credit score unless u have very limited cards with low limits

 

[KK001]

MOST IMP QUESTION

Will this limit decrease effect my CIBIL?

Till now I have only heard of limit decrease but first time it happened with me 😭

It depends on how many cards u have and total credit limit on all ur cards
Most likely there won't be any huge impact on ur credit score unless u have very limited cards with low limits

8 cc 😁

 

[Fini7777]

8 cc 😁

Then It won't effect ur score... cool

 

[SSV]

MOST IMP QUESTION

Will this limit decrease affect my CIBIL?

Till now I have only heard of limit decrease but first time it happened with me 😭

You may find some useful information here with regard to your question..

Thread 'CIBIL Score - A Practical Guide'
https://www.technofino.in/community/threads/cibil-score-a-practical-guide.29167/

 

[arunkd386]

MOST IMP QUESTION

Will this limit decrease affect my CIBIL?

Till now I have only heard of limit decrease but first time it happened with me 😭

Most probably not unless you are having very few cards with high usage and this card with very high limit and less use ( to keep overall usage lesser).
RBL reduced my limit from 3L to 30k because of non usage(which I closed ultimately)and SBI from 3L to 2L (50k avg use).

 

[arunkd386]

Most probably not unless you are having very few cards with high usage and this card with very high limit and less use ( to keep overall usage lesser).
RBL reduced my limit from 3L to 30k because of non usage(which I closed ultimately)and SBI from 3L to 2L (50k avg use).

No effect on my CIBIL