Why has SBI reduced credit limit in spite using 80% limit

[Mogambo]

"Dear Cardholder, basis internal review of your SBI Credit Card XX69, your Credit Limit has been revised to Rs42000 & Cash Limit has been withdrawn."

Limit is reduced from 95k to 42k. I have literally used full limit every month.

1. Is it because I have collected too much cashback?
2. This time around I had spent 95k and paid 75k 1 day early before bill generation, so 20k bill for generated. Is it because of early payment and sbi thinks I am using less? ( I am thinking early payment caused reduction)

Please Need help in restoring to earlier credit limit. 🙏🙏

 

[VasukiVasuki is verified member.]

"Dear Cardholder, basis internal review of your SBI Credit Card XX69, your Credit Limit has been revised to Rs42000 & Cash Limit has been withdrawn."

Limit is reduced from 95k to 42k. I have literally used full limit every month.

1. Is it because I have collected too much cashback?
2. This time around I had spent 95k and paid 75k 1 day early before bill generation, so 20k bill for generated. Is it because of early payment and sbi thinks I am using less? ( I am thinking early payment caused reduction)

Please Need help in restoring to earlier credit limit. 🙏🙏

Sbi is sbi
They even reduced for me 2 month ago
52 to 40k

 

[Mogambo]

should i try card closure technique

 

[Strange]

"Dear Cardholder, basis internal review of your SBI Credit Card XX69, your Credit Limit has been revised to Rs42000 & Cash Limit has been withdrawn."

Limit is reduced from 95k to 42k. I have literally used full limit every month.

1. Is it because I have collected too much cashback?
2. This time around I had spent 95k and paid 75k 1 day early before bill generation, so 20k bill for generated. Is it because of early payment and sbi thinks I am using less? ( I am thinking early payment caused reduction)

Please Need help in restoring to earlier credit limit. 🙏🙏

What is the highest credit limit reported in your CIBIL and by which bank?

 

[Mogambo]

Sbi is sbi
They even reduced for me 2 month ago
52 to 40k

should i try card closure technique. Nice quote btw

 

[Mogambo]

What is the highest credit limit reported in your CIBIL and by which bank?

5.5L ICICI ......

 

[shu_sha]

It's not about early payments but I guess because of utilising full CL.

How old is your card?

 

[Strange]

Is it because I have collected too much cashback?

Is this Cashback card? Or Were You doing rotation through UPI using RuPay credit card?

 

[HumorSimpson]

should i try card closure technique

these days its like

Post in thread 'Let's roast the credit cards by Meme...'

Jul 8, 2024

When you threatened the bank to close CC for LTF and they actually closed it.

• HumorSimpson

• 
• 
• 

 

[VasukiVasuki is verified member.]

should i try card closure technique. Nice quote btw

No it's system generated move
Even sbi can't do anything about it

Give it 6 month then make a move
System might have flagged you internally

 

[vega]

"Dear Cardholder, basis internal review of your SBI Credit Card XX69, your Credit Limit has been revised to Rs42000 & Cash Limit has been withdrawn."

Limit is reduced from 95k to 42k. I have literally used full limit every month.

1. Is it because I have collected too much cashback?
2. This time around I had spent 95k and paid 75k 1 day early before bill generation, so 20k bill for generated. Is it because of early payment and sbi thinks I am using less? ( I am thinking early payment caused reduction)

Please Need help in restoring to earlier credit limit. 🙏🙏

Clearing outstanding before bill generation has nothing to do with it. SBI system dubbed you RED FLAG for your high utilization. I have over 250k limit on my simplyclick for over 4 years. Except for during ecom discount, I hardly use 1 to 2% of its limit every month. I have CL increase offer. I am ignoring it for about 6 months.

 

[Arnal07]

should i try card closure technique

which sbi card do you have and what is your usage pattern?

 

[akshayhs]

these days its like

Post in thread 'Let's roast the credit cards by Meme...'

Jul 8, 2024

When you threatened the bank to close CC for LTF and they actually closed it.

• HumorSimpson

• 
• 
• 

Once they close the card, the cardholder's reaction be like:

On posting his story, me and @Pavan reacting to it be like:

 

[Esmail]

Even I had transferred my other SBI credit cards credit limit to the cashback card and increased it to 1.5 lacs but around 6 to 8 months back SBI had reduced my credit limit to 78 K after their internal assessment.

 

[shu_sha]

Laddu Mutya baba ka ashirwad lelo CL 10L ho jayega

 

[Mogambo]

It's not about early payments but I guess because of utilising full CL.

How old is your card?

2 years almost

 

[Mogambo]

Is this Cashback card? Or Were You doing rotation through UPI using RuPay credit card?

Yes cashback cc. Can you please explain what is rotation using rupay cc? I am not sure

 

[Mogambo]

which sbi card do you have and what is your usage pattern?

Cashback cc. 50% to 80% every month

 

[technoswan]

Does anybody have idea how much credit utilization is ok with SBI CB. My credit limit is very low, ₹24000 only. 30% only makes ₹7200. Can,t even buy entry level mobile with this limit.

 

[technoswan]

Even I had transferred my other SBI credit cards credit limit to the cashback card and increased it to 1.5 lacs but around 6 to 8 months back SBI had reduced my credit limit to 78 K after their internal assessment.

SBI algorithm is on different level.