ICICI Bank is increasing the credit limit on its co-branded Amazon Pay Credit Card, which is one of the most popular shopping credit cards in India. As the adverse effect of the pandemic on the economy is subsiding, card issuers are becoming increasingly liberal in terms of lending credit.
Many Amazon Pay ICICI Bank Credit Cardholders have received an email or SMS intimating them regarding the increase in credit limit. The SMS goes like this-
Congratulations! You are eligible for an increased credit limit on your ICICI Bank Credit Card XX**** from Rs. 150000 to Rs. 350000 without any charges. SMS CRLIM **** to 5676766 for this free increase in credit limit. T&C apply.”
Although this increase in credit limit is only for select cardholders, even if you haven’t received the SMS, you still might be eligible for a higher credit limit. You can check the maximum allowed credit limit on your card, and increase the same (if eligible) on the iMobile Pay app. On the iMobile Pay app -> select your Amazon Pay Credit Card -> under More Options select Manage Credit Limit -> if the maximum available limit is more than your existing credit limit, enter the desired credit limit and submit.
Since there is no max cap on the cashback (as Amazon Pay balance) that you can earn on your Amazon Pay ICICI Credit Card, this increase in credit limit also means that now you can earn more cashback every month on your Amazon Pay Credit Card. Amazon Pay ICICI Bank Credit Card is already one of the most rewarding credit cards for online shoppers as you can earn up to 5% cashback on purchases on Amazon and 2% cashback at over 100 partner merchants.
This increase in credit limit on Amazon Pay Credit Card is a welcome move by ICICI. This time ICICI Bank is very generous in increasing the credit limit. Some cardholders have seen as much as a three-fold increase in the credit limit on their Amazon Pay Credit Card. American Express also came up with a spend-based offer a couple of months ago that allowed its customers to have a higher credit limit on their credit cards. While a higher credit limit might tempt you to spend more, it is always advisable to keep your spends under 30% of your credit limit.