Should I take LE on my Axis Bank ACE Credit Card?

[crazyuploader]

Hi,

I've been eagerly waiting for LE on my Axis Bank ACE Credit Card (15K Credit Limit), as whatever expenses I have, the credit utilization is always off the chart, with me having a typical bill generated around 12-13K.
Lately started seeing loan offers up-to 1,05,000 INR, and finally seeing an option to increase my credit limit to 30,000 INR. Which TBH feels like a slap in the face, such an insult! I thought I would get 75K based on what I've heard from others. And here I am laughing at this seeing 30K LE offer
But anyways, what should I do? Should I accept the LE offer or wait for more?

Regards.

 

[SSV]

Hi,

I've been eagerly waiting for LE on my Axis Bank ACE Credit Card (15K Credit Limit), as whatever expenses I have, the credit utilization is always off the chart, with me having a typical bill generated around 12-13K.
Lately started seeing loan offers up-to 1,05,000 INR, and finally seeing an option to increase my credit limit to 30,000 INR. Which TBH feels like a slap in the face, such an insult! I thought I would get 75K based on what I've heard from others. And here I am laughing at this seeing 30K LE offer
But anyways, what should I do? Should I accept the LE offer or wait for more?

Regards.

View attachment 25703

My Advice, take it and repeat your current spending pattern, they will reciprocate with LE offer pattern until you reach saturation point...

 

[Deleted member 11974]

take it if it will meed your credit needs

 

[Akashn]

Hi,

I've been eagerly waiting for LE on my Axis Bank ACE Credit Card (15K Credit Limit), as whatever expenses I have, the credit utilization is always off the chart, with me having a typical bill generated around 12-13K.
Lately started seeing loan offers up-to 1,05,000 INR, and finally seeing an option to increase my credit limit to 30,000 INR. Which TBH feels like a slap in the face, such an insult! I thought I would get 75K based on what I've heard from others. And here I am laughing at this seeing 30K LE offer
But anyways, what should I do? Should I accept the LE offer or wait for more?

Regards.

View attachment 25703

Card age?

 

[niteeshk]

bro don't accept the offer and try mailing the customer care team , they will ask for some income proofs and the increased limit will be much higher

 

[brightknight]

bro don't accept the offer and try mailing the customer care team , they will ask for some income proofs and the increased limit will be much higher

you done the same? & any cibil hit?

 

[niteeshk]

you done the same? & any cibil hit?

yes bro , but for me there is no pre approved le offer . after a month of applying there is a cibil enquiry

 

[brightknight]

yes bro , but for me there is no pre approved le offer . after a month of applying there is a cibil enquiry

Okay. Thanks. Not gonna invite cibil hit for the time being.
It's been over a year that my limit had been increased and will be waiting for pre approved LE offer.

 

[crazyuploader]

My Advice, take it and repeat your current spending pattern, they will reciprocate with LE offer pattern until you reach saturation point...

Got it, this is my first LE, hopefully more to continue. But 30K limit should allow me to lower my credit utilisation as I mostly use 8-10K per month on this card

 

[crazyuploader]

take it if it will meed your credit needs

Hopefully it should

 

[crazyuploader]

Card age?

Over 9 months now, I got it around November last year

 

[SSV]

Got it, this is my first LE, hopefully more to continue. But 30K limit should allow me to lower my credit utilisation as I mostly use 8-10K per month on this card

You are on the right track sir.. thinking wise...

 

[crazyuploader]

bro don't accept the offer and try mailing the customer care team , they will ask for some income proofs and the increased limit will be much higher

But the thing is, I don't have any income proof, I don't get form 16 from my employer either, just bank statements, though I did file an ITR of about 4L, not sure if it's adequate to request for additional credit limit

 

[crazyuploader]

You are on the right track sir.. thinking wise...

Haan but thinking otherwise, does it make sense to push them for more with my 4L ITR?

 

[Sai Ganesh]

Got it, this is my first LE, hopefully more to continue. But 30K limit should allow me to lower my credit utilisation as I mostly use 8-10K per month on this card

Fine bro , since u don't have payslips or form 16 , its better to take this LTE and wait for more offers.

Is your ACE card LTF ?

Y I am asking this because to waive off annual fees of 500 + GST , you have to spend 2L in a year , if you spend 8 - 10k in a month , then you might not be able to achieve the target.

 

[crazyuploader]

Fine bro , since u don't have payslips or form 16 , its better to take this LTE and wait for more offers.

Alright, I'd wait in the case.

Is your ACE card LTF ?

Nope, not LTF, I don't think it was LTF at any point of time, or was it?

Y I am asking this because to waive off annual fees of 500 + GST , you have to spend 2L in a year , if you spend 8 - 10k in a month , then you might not be able to achieve the target.

Also, I did manage to reverse my joining fees back when I got the card, but spending 2L in a year with 15K Credit Limit seems not feasible, I can proactively use this card, pay the bills, and repeat, but that would be a hassle, I don't know how much I've spent on it so far, will have to check

 

[Akashn]

Also, I did manage to reverse my joining fees back when I got the card, but spending 2L in a year with 15K Credit Limit seems not feasible, I can proactively use this card, pay the bills, and repeat, but that would be a hassle, I don't know how much I've spent on it so far, will have to check

Easy to recover 500 rs fees with that 2% online/offline spend

 

[Sai Ganesh]

Alright, I'd wait in the case.


Nope, not LTF, I don't think it was LTF at any point of time, or was it?


Also, I did manage to reverse my joining fees back when I got the card, but spending 2L in a year with 15K Credit Limit seems not feasible, I can proactively use this card, pay the bills, and repeat, but that would be a hassle, I don't know how much I've spent on it so far, will have to check

Yes that's what my question also , if you have spent 10k within 45 days , they might have reversed your joining fees , that's fine.

When you have only 15k limit , the total limit for 1 year will be itself 1,80,000 so you cant spend 2L bro .

So only i asked whether its LTF.

Its better to take this LTE as of now and wait for more offers in future bro.

 

[0xfallup]

LE lêne mai Kon itna energy waste karke thread banake sochta hai , click one button and take it , we don’t know anything about FUTURE

 

[crazyuploader]

Easy to recover 500 rs fees with that 2% online/offline spend

But again, it'd be hard for me to spend that much money per month, since I don't do that anyways, and can't spend thousands unnecessarily to save ~589 INR per year, I have saved about 2.5K so far from last November. If only I could check how much I've spent so far