The credit limit is the maximum limit of the amount that can be used for purchasing. It varies from card to card and you can request the bank to increase it whenever you wish to. The bank will assess your request to check whether you are eligible or not for a credit limit increase. The income level plays an important role in determining the credit limit. The IDBI Bank offers a range of credit cards and you can apply online for a credit card. You can also get a higher credit limit depending on your credit card usage. Continue reading to know the ways to get an IDBI Credit Card limit increased and the documents required for the same.
How to increase the credit limit of IDBI Bank Credit Card?
The customers can use three ways to request to get the credit card limit increased. They are:
The customers can use internet banking to submit a request for a credit limit increase. Follow the below-given steps to submit a request for a credit limit increase.
Step 1: To begin with, you need to go to IDBI’s official website and login into your net banking account using your User ID and password.
Step 2: Go to my Accounts and choose your IDBI Credit Card.
Step 3: Click on manage card and you will be redirected to a credit card servicing page.
Step 4: Select the ‘Credit Limit Increase’ option and click on submit.
To know the details of the credit limit enhancement the customers can always call on 24×7 toll-free customer care number 1800-425-7600. Call on the number and follow the instructions of the IVR machine and select the option to get connected with the customer care executive. On connecting with the executive, ask him for the credit card limit enhancement, he will inform you about the procedure and the documents to be submitted at the bank branch.
Visiting the branch
You can get your credit limit increased by visiting the bank branch. Go to the nearest IDBI Bank branch and submit your documents along with form 16. Take the copies of important documents with you like salary slips of the last two months, income statements, etc. The bank will go through your documents to check whether you are eligible for a higher credit limit or not. process your request on the basis of the documents submitted by you. You will be notified by an SMS on your registered mobile number whether your application for credit card enhancement got approved or not.
Documents Required for Credit Limit Increase
While submitting your request for credit limit enhancement you will be required to submit certain documents. Before approving the higher limit bank will assess your request based on your submitted documents to see whether you can handle a higher limit or not. The following documents must be submitted either in soft copy through the mail or in hard copy by visiting the branch:
- Salary Slips of last two months
- Bank Statement
- Income Tax Returns
No, you do not have to pay anything for making a request for credit card limit enhancement.
Yes, you can certainly use your credit card beyond the available credit limit but the bank will charge an over-limit fee in doing so.
Yes, both the cardholders get the same credit limit on their credit cards.
Yes, you can send an email to id[email protected] regarding your credit card limit enhancement.