SCB card limit revised to 10k

[Ram1]

SCB shockingly revised my limit to 10K.

Your credit card account credit limit has been revised from INR 130,500.00 to INR 10,000.00. For any queries, pls contact our customer care- StanChart

Is this temporary? How can i get my limit back?

 

[kuchbhi]

Low usage might be the reason

may be but every limit to 10k isnt justified

 

[Ram1]

may be but every limit to 10k isnt justified

Yeah completely unethical. 50k is somewhat meaningful.

 

[HolUp]

SCB shockingly revised my limit to 10K.

Your credit card account credit limit has been revised from INR 130,500.00 to INR 10,000.00. For any queries, pls contact our customer care- StanChart

Is this temporary? How can i get my limit back?

Same thing happened with me today; and the revised limit is ₹10k!

Low usage might be the reason as I don't use it that much (only 1-2% of the limit per month).

Interestingly, I was thinking 2-3 days ago to close my SCB and AU Bank CCs as I don't use them at all - only Amex and HDFC (plus IDFC for EMI purchases)

 

[Ram1]

Same thing happened with me today; and the revised limit is ₹10k!

Low usage might be the reason as I don't use it that much (only 1-2% of the limit per month).

Interestingly, I was thinking 2-3 days ago to close my SCB and AU Bank CCs as I don't use them at all - only Amex and HDFC (plus IDFC for EMI purchases)

Good, close them right away on their face

 

[Ramakrishna]

SCB shockingly revised my limit to 10K.

Your credit card account credit limit has been revised from INR 130,500.00 to INR 10,000.00. For any queries, pls contact our customer care- StanChart

Is this temporary? How can i get my limit back?

Yes, my credit limit also reduced from 132000 to 52000

 

[Anindya98]

Yes, my credit limit also reduced from 132000 to 52000

That is understandable but 10K is absurd

 

[Ram1]

Yes, my credit limit also reduced from 132000 to 52000

This is somewhat usable limit, 10k what to do even😭

 

[Ram1]

Reached out to twitter handle of scb, this is their reply
thank you for reaching out us. Please note, the credit limit increase and decrease on the card will be based on several factors & credit checks as per the bank’s internal policy. Appreciate your understanding. ~ST

 

[Ram1]

Another reply
Please note that the bank will conduct a bureau check once in every six months, and the credit limit increase and decrease on the card will be determined by several factors. Appreciate your understanding. Thank you! ~TS

 

[Ram1]

This bank is dead ufff

 

[Ram1]

Again
My suggestion is to close all cards/accounts with SCB and think of it as good riddance.
if you don't want peace, and you want problems, YMMV

Card has 1800 cashback, they set minimum redemption limit to 2500..with 10k limit, I'm stuck😬

 

[Ram1]

Can't close it, shameful to keep it lol😕

 

[paxauquabriba-4876]

i think americans know indian economy crash is coming soon so they limiting their exposure beforehand

 

[bainmebain]

There's a LOT going wrong with this bank. Even more so in recent times than in the past.

But they're NOT American from any angle. It's a historically British-Indian-South African bank, that's now a Hong Kong bank with HQ in England and listed in India. Nothing American at all... In fact they go out of their way to ensure minimal un-Americanness.

 

[Ram1]

There's a LOT going wrong with this bank. Even more so in recent times than in the past.

But they're NOT American from any angle. It's a historically British-Indian-South African bank, that's now a Hong Kong bank with HQ in England and listed in India. Nothing American at all... In fact they go out of their way to ensure minimal un-Americanness.

Are they going citibank way?

 

[rishab11256]

Are they going citibank way?

Seems like that only

 

[mayankcse10]

Card has 1800 cashback, they set minimum redemption limit to 2500..with 10k limit, I'm stuck😬

The best option in this case would be to do wallet loads (Payzapp)/voucher purchase for the next few months to reach the 2500 threshold and then get rid of the card.

 

[Ram1]

The best option in this case would be to do wallet loads (Payzapp)/voucher purchase for the next few months to reach the 2500 threshold and then get rid of the card.

Yeah thats what I'm planning. Scb has been worst

 

[tachniki]

Citibank never behaved like this before selling.

 

[Ram1]

Citibank never behaved like this before selling.

Thats true, they were eager to give more credit cards too before selling