The credit card needs judicious and disciplined use else you may find yourself in a debt trap hard to come out of. And associated with credit card is the credit card limit i.e. decided basis the individual's risk profile, financial standing etc and is the maximum amount of money that is allowed to be spend using this credit card. This is also referred as revolving credit line. Herein in case the lender or the credit card issuer finds you to be in the low risk profile category, it may allow you a higher credit limit. And if you are a first-time applicant of the credit card, you can slowly and gradually get this limit enhanced for yourself.
Also, for your reference there are 3 credit limit types- Total credit limit- this is the maximum credit limit that can be availed by you on your credit card
Available credit limit-Credit amount available for purchase as of date
Here are the ways to get limit for your SBI credit card increased:
1.Pre-Approved Credit Limit Offer (Zero document process):
Now, if you are a SBI credit card holder, here are told 2 ways to get the limit on your credit card increased:
First and foremost you can check whether this option of 'pre-approved credit increase' is available to you or not? This is largely decided basis the bank's internal policy.
For this while the leading lender SBI do sends mails and SMS on individual's registered email and mobile number, there is also an option as to how you can check it on your own:
1. You can log into sbicard.com and click on 'Offers' or 'Benefits' tab on left hand side. Check for any credit limit increase offer on your account & click on the 'Submit' button.
2. In a case it is available to you, you need to now send a SMS in the format 'INCR XXXX' (last 4 digits of your card number) to 5676791 from your registered mobile number, or write to us at sbicard.com/email.
3. Also you can call on the helpline number at 39 02 02 02 (prefix local STD code) or 1860 180 1290.
2. Credit Limit Increase For SBI credit card with Income documentation:
And this is for the situation, wherein you want your credit limit on your SBI credit card to be increased beyond what is being offered as your eligible limit.
For the same, you need to write to sbicard.com/email and the card issuing company shall reply on it in 2 working days.
You can also call on the SBI Card helpline number at 39 02 02 02 (prefix STD code) or 1860 180 1290 and check with our customer care executive if you are eligible for a credit limit increase, basis income documents.
Documents required for credit limit increase are form 16, ITR VI and last 2 months salary slip. Soft copies of these documents can be sent via e-mail to www.sbicard.com/email.
Also, the documents can be physically sent to Correspondence Department, DLF Infinity Towers, Tower C, 10-12 Floor, Block 2, Bldg 3, DLF Cyber City, Gurgaon - 122002.
Post receipt and review of Income documents, the request for Credit limit increase will be fulfilled in accordance with the internal Risk Policy