Why is ICICI Bank reducing Credit Limits?

[NishantK]

I have 3 cards from ICICI. Apay, platinum, coral. Suddenly limit on my Apay card was reduced to 20000 from 70000. Today Limit on my other cards have been reduced to 20000 from 80000. I don't understand what's the issue...never ever made a late payment still this...what can be done to resolve it?

 

[aniketkr.sharma]

I have 3 cards from ICICI. Apay, platinum, coral. Suddenly limit on my Apay card was reduced to 20000 from 70000. Today Limit on my other cards have been reduced to 20000 from 80000. I don't understand what's the issue...never ever made a late payment still this...what can be done to resolve it?

Had you stopped using there cards?

 

[NishantK]

Had you stopped using there cards?

Nope...used regularly... purchased things on emis...paid them really well..still this

 

[aniketkr.sharma]

Nope...used regularly... purchased things on emis...paid them really well..still this

Credit score down?

 

[aniketkr.sharma]

Nope...used regularly... purchased things on emis...paid them really well..still this

Credit score down

I have 3 cards from ICICI. Apay, platinum, coral. Suddenly limit on my Apay card was reduced to 20000 from 70000. Today Limit on my other cards have been reduced to 20000 from 80000. I don't understand what's the issue...never ever made a late payment still this...what can be done to resolve it?

Here you have 2 different limits and now they reduced to same limit, maybe any merge happened with there system but pulling it down to 20k isn't understandable

 

[NishantK]

Credit score down

Here you have 2 different limits and now they reduced to same limit, maybe any merge happened with there system but pulling it down to 20k isn't understandable

As per customer care it is their periodic review of card usage..cards were used well..don't knw why this happened and how can I increase it again

 

[aniketkr.sharma]

As per customer care it is their periodic review of card usage..cards were used well..don't knw why this happened and how can I increase it again

If you have income proof, you can send them for manual LE,
This is the only way left for you now

 

[NishantK]

If you have income proof, you can send them for manual LE,
This is the only way left for you now

Yes I have payslips

 

[aniketkr.sharma]

Yes I have payslips

Go ahead, mail icici team and ask for restoring the limit or increase the limit according to your salary

 

[2025]

I have 3 cards from ICICI. Apay, platinum, coral. Suddenly limit on my Apay card was reduced to 20000 from 70000. Today Limit on my other cards have been reduced to 20000 from 80000. I don't understand what's the issue...never ever made a late payment still this...what can be done to resolve it?

ICICI is most absurd in allocating credit limit. Initially they gave me 30K limit (merged) for three cards and offered me a Pre-approved PLCC of 7.5L with emi amount 26K.
Only God knows how they evaluate credit worthiness.
After I took the PLCC they increased my limit to 3L in one shot. That is 10x increase.

 

[aniketkr.sharma]

ICICI is most absurd in allocating credit limit. Initially they gave me 30K limit (merged) for three cards and offered me a Pre-approved PLCC of 7.5L with emi amount 26K.
Only God knows how they evaluate credit worthiness.
After I took the PLCC they increased my limit to 3L in one shot. That is 10x increase.

I got my first LE from 80k to 4.2 L

 

[NishantK]

ICICI is most absurd in allocating credit limit. Initially they gave me 30K limit (merged) for three cards and offered me a Pre-approved PLCC of 7.5L with emi amount 26K.
Only God knows how they evaluate credit worthiness.
After I took the PLCC they increased my limit to 3L in one shot. That is 10x increase.

Really don't know what to do..I have other bank cards..but used icici the most due to its offers...

 

[dhiraz]

ICICI Also Reduced My Brother's Credit Card Limit from 1L to 20k 4 Months Ago Which I Got in Dec 2023

This is the Thread When I Got This Card

Thread 'ICICI Bank Pre-Approved Credit Card Offer'

Dec 17, 2023

So I Opened My First Bank Account in ICICI Bank Online 10k MAB on 03-02-2022 (1 Year, 10 Months, 14 Days Old). After using this account I also create a FD and take my very first credit card against this FD. I Made an FD of 1.5L and I Got a 1.35L Limit ICICI Platinum Credit Card.

After using this I got a good cibil score and got cards from other banks. When I had fd in ICICI I came to know I could open multiple savings accounts and do family banking because I already have a FD. Already Discussed Here When @TechnoFino Helped Me a Lot.

So I opened 2 Other accounts for my mother...

• dhiraz
• Replies: 35
• Forum: ICICI Bank Credit Card

• 
• 

 

[pra300]

There was a news last month about banks slowing down issuing new credit cards. It mentioned credit cards default rate was very high.
Banks are proactive, they continue to assess risks and take control of the things that are eating into their profits - in this case high credit exposure to credit unworthy users.
I have seen unemployed students/people getting lakhs of credit limit through Apay card. Also seen people getting huge credit limit enhancement like 20k to 2/3L 30k to 4L!

OP - You are just unlucky to get caught in their algorithm. As someone suggested, ask for LE with salary slips.

 

[Beyond]

ICICI Also Reduced My Brother's Credit Card Limit from 1L to 20k 4 Months Ago Which I Got in Dec 2023

This is the Thread When I Got This Card

Thread 'ICICI Bank Pre-Approved Credit Card Offer'

Dec 17, 2023

So I Opened My First Bank Account in ICICI Bank Online 10k MAB on 03-02-2022 (1 Year, 10 Months, 14 Days Old). After using this account I also create a FD and take my very first credit card against this FD. I Made an FD of 1.5L and I Got a 1.35L Limit ICICI Platinum Credit Card.

After using this I got a good cibil score and got cards from other banks. When I had fd in ICICI I came to know I could open multiple savings accounts and do family banking because I already have a FD. Already Discussed Here When @TechnoFino Helped Me a Lot.

So I opened 2 Other accounts for my mother...

• dhiraz
• Replies: 35
• Forum: ICICI Bank Credit Card

• 
• 

There was a news last month about banks slowing down issuing new credit cards. It mentioned credit cards default rate was very high.
Banks are proactive, they continue to assess risks and take control of the things that are eating into their profits - in this case high credit exposure to credit unworthy users.
I have seen unemployed students/people getting lakhs of credit limit through Apay card. Also seen people getting huge credit limit enhancement like 20k to 2/3L 30k to 4L!

OP - You are just unlucky to get caught in their algorithm. As someone suggested, ask for LE with salary slips.

I have 3 cards from ICICI. Apay, platinum, coral. Suddenly limit on my Apay card was reduced to 20000 from 70000. Today Limit on my other cards have been reduced to 20000 from 80000. I don't understand what's the issue...never ever made a late payment still this...what can be done to resolve it?

icici is one of the first major bank to opt conservative approach. Things will hopefully settle by next year.

https://www.technofino.in/community/members/newinnov.23833/#profile-post-4848

 

[gouravjain]

I hold apay, coral and platinum card with limit 3,50,000 4 month ago they decreased limit to 20,000 on apay and now on both other cards also to 20,000 using card properly no late payment