Why bank reduces Credit Card's Limit?

[Deleted member 30411]

I want to know the reason from those whose cc limit had decreased by any bank, general reason I know like Low usage or High usage, Default, but if I am maintaining a 30% CUR & No default even after doing that, is I am under the radar of bank to be the one whose limit can be decreased in future? & Is there people available whose limit has never decreased since they got a cc.

Because basically i don't find any sense of reducing limit (except default) by banks, they are making there loss only.

 

[Anupama_Jha]

I want to know the reason from those whose cc limit had decreased by any bank, general reason I know like Low usage or High usage, Default, but if I am maintaining a 30% CUR & No default even after doing that, is I am under the radar of bank to be the one whose limit can be decreased in future? & Is there people available whose limit has never decreased since they got a cc.

Because basically i don't find any sense of reducing limit (except default) by banks, they are making there loss only.

There's a separate thread 🧵 on this whole topic. But in short, only few banks regularly does this, to counter the over-levearge

SBI (famous, I am also affected)

RBL

Kotak, heard very less, but yess.

And some newbies fintech, like Scapia, etc.

 

[Wealth is my birth right!]

There's a separate thread 🧵 on this whole topic. But in short, only few banks regularly does this, to counter the over-levearge

SBI (famous, I am also affected)

RBL

Kotak, heard very less, but yess.

And some newbies fintech, like Scapia, etc.

Standard Chartered joined the party this year