Shocking Decrease in SBI's credit Limit!!

[Pujaari]

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

 

[NOOBY]

Shocking Decrease in SBI's credit Limit!!

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...

www.technofino.in

bruh, its the 2nd post of the thread.... I already went through it 😶

I was asking other forum users.... If you can't provide info, better not to reply

 

[hks789]

My card was issued with 10k limit. Got 10k cashback within 3-4 months. Just e-commerce purchases through vouchers.

With 5k cap for 5% I don't see a point how reducing limit is beneficial.
Unlimited cb is just 1%, that is quite a standard for most paid cards.

 

[Bugs Bunny]

Whatever algorithm they used to reduce the limit is completely shit

I read, one comment where 400k is reduced to 52k. This is insane

Since it is done at mass level, we can not do nothing. Accept it and Move on

RBI ke rules hai ki customer ki permission ke bina limit ke sath pange nee le skte. Complaint kro and agar nai mane to RBI ka bamboo tyar kro sab log. Mail ki drafting ekdum top notch honi chaiye to get the work done.

 

[Deleted member 16965]

no way my total cashback is 5000 🙁 all are 100% genuine spends

It is us (genuine spenders) who always suffers. Bitter Truth but a Reality check.

 

[Strange]

Are they decreasing it because of non-usage of card or more usage ?

or is it random ?

Probably yes

https://www.technofino.in/community/threads/shocking-decrease-in-sbis-credit-limit.15603/post-290318

@akshayhs

 

[ᏰᏋᎥᏁᎶᎥᏁፈᎧᎶ]

it's bombu time again.

 

[NOOBY]

Probably yes

https://www.technofino.in/community/threads/shocking-decrease-in-sbis-credit-limit.15603/post-290318

@akshayhs

Random it is then...

60k seems to be decent

 

[Strange]

My card was issued with 10k limit. Got 10k cashback within 3-4 months. Just e-commerce purchases through vouchers.

With 5k cap for 5% I don't see a point how reducing limit is beneficial.
Unlimited cb is just 1%, that is quite a standard for most paid cards.

There is no unlimited cashback anymore. Maximum cashback can be earned in a month is just 5k.

 

[4uziaul]

RBI ke rules hai ki customer ki permission ke bina limit ke sath pange nee le skte. Complaint kro and agar nai mane to RBI ka bamboo tyar kro sab log. Mail ki drafting ekdum top notch honi chaiye to get the work done.

Are pagle woh shayad limit increase ka hai 🤣

 

[anonymuos]

Anyone who has add-on cards whose limit decreased?

 

[Strange]

My card was issued with 10k limit. Got 10k cashback within 3-4 months. Just e-commerce purchases through vouchers.

With 5k cap for 5% I don't see a point how reducing limit is beneficial.
Unlimited cb is just 1%, that is quite a standard for most paid cards.

You were using this card with just 10k credit limit or you transferred credit limit from your old SBI card.

 

[VISHESH_BANSAL]

RBI ke rules hai ki customer ki permission ke bina limit ke sath pange nee le skte. Complaint kro and agar nai mane to RBI ka bamboo tyar kro sab log. Mail ki drafting ekdum top notch honi chaiye to get the work done.

They can reduce.

 

[Bugs Bunny]

Are pagle woh shayad limit increase ka hai 🤣

arbitrarily and unjustly aise nee kr skte sir without any explanation.

 

[4uziaul]

arbitrarily and unjustly aise nee kr skte sir without any explanation.

Exam ke liye tayari karo 🤣

 

[Deleted member 16965]

RBI ke rules hai ki customer ki permission ke bina limit ke sath pange nee le skte. Complaint kro and agar nai mane to RBI ka bamboo tyar kro sab log. Mail ki drafting ekdum top notch honi chaiye to get the work done.

Pehle SBI ko pataa lo phir RBI ko dekha jaayega

 

[SSV]

Nahi bhai over 1 lakh limit is good to some extent.... Bought Mac from Apple Online store and got 5% cashback..... Other cards would have given peanuts in the form of cashback

However, you could always load up just before the big purchase beyond 1 lakh CL and can get the 5% Cb on the whole amount

 

[hks789]

You were using this card with just 10k credit limit or you transferred credit limit from your old SBI card.

No other sbi card. Using with just 10k limit. Recently they increased limit to 32k.

There is no unlimited cashback anymore. Maximum cashback can be earned in a month is just 5k.

I was unaware of this. This makes the limit deduction no sense at all 🤷‍♂️

 

[VISHESH_BANSAL]

arbitrarily and unjustly aise nee kr skte sir without any explanation.

Case File kardo.

Sign hum kardege petition pe

 

[SSV]

There is no unlimited cashback anymore. Maximum cashback can be earned in a month is just 5k.

To start with there was never an unlimited CB on SBI CB card . Since the beginning there was a cap of 10k/month limit, that was later reduced to 5k / month in May

 

[Deleted member 16965]

arbitrarily and unjustly aise nee kr skte sir without any explanation.

Zyada ungli mat karna SBI ko warna aapki poori credit limit kisi aur SBI customer ko de dega card cancel karke 🤣