Hello Dimers,
Do we get better credit limit increase? if we deny
I have one doubt, in HDFC and some OTHER POPULAR banks if we deny BAD CREDIT CARD UPGRADE, we will be getting better UPGRADE offers in future,
similarly what if we deny pre approved credit limit INCREASE and wait more... will we get BETTER credit limit in future in like 6 months or we will lose this opportunity of limit entirely?
Just curious about this:)
Please comment, I am curious to see if anyone denied free preapproved credit limit and got a better credit limit later:)
Happy commenting
Credit Limit increase does not do a hit on your CIBIL credit score. In fact it reduces the credit utilization ratio of your credit account. So always take it whenever you are offered that. If you apply for a new credit card to get a better credit limit, it will in turn lower your credit score. So credit limit increase of existing card is always beneficial.
Dows having a low limit on one omy cards (yesbank with just 40k limit) affect getting a new card with good limit
I denied SBI credit limit enhancement of 1 Lakh and after a year I got 10K enhancement 
I had then fought with pay slips and ITR and still could manage only 80K hike.
SBI is the worst deal in such matters, take whatever they give, whenever.
from the looks of things, it takes an average of 1 year to get credit limit increase for most people 
let me wait and watch on how it goes for myself:)
and many dont even get credit limit increase omg
There is a risk weight set by bank. It was increased by RBI to 150% in Nov 2023 so now a days you find banks offering limit increase of 5k or 20k. Axis was fastest to offer limit increase from 90k to 3 lakh for me.
Ah i see, damn i got into credit card scene from Oct 2023 on only damn my bad luck grrrrrr
hoping to see how this goes
still now I haven't got any limit increase in any of my credit cards and waiting
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I denied SBI credit limit enhancement of 1 Lakh and after a year I got 10K enhancement
I had then fought with pay slips and ITR and still could manage only 80K hike.
SBI is the worst deal in such matters, take whatever they give, whenever.