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Shocking Decrease in SBI's credit Limit!!

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Pujaari

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Hey folks, do yourself a favor and take a peek at your credit limit in SBI cards. You might be in for a rude awakening, like I was. They slashed my limit to such a low amount, I can barely afford a bag of peanuts. Literally. 🥜😂

4L to 14k😂. Just hoping its some technical glitch. Have mailed to cc anyways
 
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Mine reported as closed on cibil although I never received physical card after many escalations and I gave up with the monkeys and closed it. This closure immediately they reported and 1 point down in cibil for me.
 
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bhatt83hemang said:
Till now no change in CL.
Elite 7.8L
Cash back -2.2L
TATA Star - 5.0 L..
Click to expand...
Did you transfer any CL from Elite/Tata star to CB card anytime?
If NO, your CLs remain the same unless your current limit is very high compared to your credit profile according to the Banks internal (proprietory) policy 😉 😉 ...
 
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Mine limit in all 3 cards has not been reduced as of now. In total I have 5.87l of all cards combined and i can use each cards limit indipendently unlike Axis and ICICI.. I hv cb, click and irctc....
 
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CardTox said:
Mine limit in all 3 cards has not been reduced as of now. In total I have 5.87l of all cards combined and i can use each cards limit indipendently unlike Axis and ICICI.. I hv cb, click and irctc....
Click to expand...
Again this whole current drama is because of this independent credit limit for each SBI card..
If SBI also goes ICICI and Axis way then this devaluation of CL would not have been required... so many people would have avoided this agony...

SBI .... Are you listening???

1690358361992.gif
 
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srikant said:
I think they would have your permission already 🙂 There's a lot of fineprint you agree to when you appply for / get a credit card.
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I agree only when I apply for any product otherwise they cannot login as when banks do login for cibil check it becomes hard check and bank employees arnt allowed to login to customer cibil without permission from customer as time stamps will leave trail and it is part of bank audit system.
 
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ALOAK said:
I agree only when I apply for any product otherwise they cannot login as when banks do login for cibil check it becomes hard check and bank employees arnt allowed to login to customer cibil without permission from customer as time stamps will leave trail and it is part of bank audit system.
Click to expand...
Banks can do a soft check anytime. This will never be reflected on your report. This is how you get pre-approved offers and automatic LE.
 
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bhatt83hemang said:
yes. in CB i got 20k only so 2L tr from elite to CB. Tata star same from begining.
Click to expand...
In that case, you could be a probable candidate for this CL truncation...
Have you used CB card extensively? or minimal usage only?
Have you closed any other SBI cards recently??
If your limits are intact in the next coming few days then you are an exception to this rule here... and there must be some reason for this exception to get triggered.....
 
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