SBI limit decreased to 44K from 1L

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Last Comment 2024-05-11

2024-05-10

Team, I had 1L limit in SBI cashback card till yesterday night, when I'm checking now in morning, it has been reduced to 44K. How to get back to previous limit? Any one has same issue? Kindly share your ideas here.

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https://www.desidime.com/comments/permalink/10069276

UnderNation

2024-05-10

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Yes Sbi Decrease Limit Based On Some Internal Checks And Risk Factors , This Limit Decrease Started Last Year.

For Example :: If U Spend Less Or No Spends, Then They Will Decrease Limit To You And Increase Limit To Someone Because Banks Get Profit On Transactions.

Banks Will Periodically Do Bureau Checks , If Ur Credit Limit Is Higher And U Do Income Tax File Profits Less, Then To Avoid Financial Debt Crisis Limit Will Be Reduced.

Above Statements Are Just Examples , Banks Will Consider More Than 10 Factors.

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https://www.desidime.com/comments/permalink/10069276

UnderNation

2024-05-10

Link Copied

Yes Sbi Decrease Limit Based On Some Internal Checks And Risk Factors , This Limit Decrease Started Last Year.

For Example :: If U Spend Less Or No Spends, Then They Will Decrease Limit To You And Increase Limit To Someone Because Banks Get Profit On Transactions.

Banks Will Periodically Do Bureau Checks , If Ur Credit Limit Is Higher And U Do Income Tax File Profits Less, Then To Avoid Financial Debt Crisis Limit Will Be Reduced.

Above Statements Are Just Examples , Banks Will Consider More Than 10 Factors.

https://www.desidime.com/comments/permalink/10069672

DEEPANGEORGE

2024-05-10

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mhm interesting to know:))

you know how often this happens to a customer? this limit decrease, like once a quarter or once a year?

ALAS, shocking to see SBI is trying this:) i thought private banks will be the one to do this

Never expected this from PSU

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https://www.desidime.com/comments/permalink/10069482

Ragul009

2024-05-10

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Do we have any way to get it back? I droped a note reading this, but I know that won't make them to increase the limit back.

https://www.desidime.com/comments/permalink/10069681

DEEPANGEORGE

2024-05-10

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VU+ for the post

lets see how many has this issue recently

https://www.desidime.com/comments/permalink/10069755

DEEPANGEORGE

2024-05-10

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Ragul009 when did this happen?

I mean did you reduced using your SBI Cashback card? when was the LAST HUGE transaction you did at last in this SBI Cashback card

would be nice if you can share it so that we can analyse how this happened

https://www.desidime.com/comments/permalink/10070631

Ragul009

2024-05-10

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Sure.. I never done any huge transaction as such. May be in a day, I made 10k as single payment. Like this I used to do for 10 days.. so 1L limit i utilized. But I keep on paying the amount before bill date. Means - if I spent 80K in a cycle, I used to pay 70-75K before bill generation, so that my balance always High. I'm thinking that, they have reduced my limit because I used full limit and did the same from last 3 to 4 months.