The credit limit on KVB credit cards differs depending on which card you have. The bank decides the credit limit of a credit card after reviewing your income status and credit history. You can request an increase or decrease in your credit limit from the bank at any time. Keep reading to know how to increase your Kaur Vysya Bank Credit Card limit and what documents you’ll need for submitting the request.
How to increase the credit limit of the Karur Vysya Bank Credit Card?
Customers can request an increase in their credit card limit in one of two ways. They are as follows:
By phone banking
The KVB Bank has provided customer care support services to its customers which they can always use to submit their queries. The customers can call on 24 hours helpline numbers 1860-258-1916/1800-419-6500 to get the details regarding the credit limit increase of your KVB Credit Card. Get connected with the customer care executive and request for the credit card limit increase, the executive will inform you about the documents which you will be required to submit to the bank for eligibility check. The executive will explain to you the complete procedure for getting a credit limit increase.
By visiting the branch
For credit limit enhancement the customers can always visit the nearest Karur Vysya Bank branch. While visiting the branch take the documents along with you. After submitting the credit limit enhancement request with the documents, the bank will process your request. The credit limit will only be increased by the bank if your income statement stands good and you have never defaulted on credit card bill payments.
Documents Required for Credit Limit Increase
For submitting the credit limit enhancement request the customer is required to furnish certain documents to the bank. Then the bank will assess your request based on your documents submitted to see whether you can handle a higher credit limit or not. The following documents must be submitted either through the mail in soft copy or by submitting them in hard copy in the nearest KVB bank branch:
- Salary Slips of last two months
- Bank Statement
- Income Tax Returns
Yes, the bank charges an over-limit fee on using the credit card for transactions beyond the provided credit limit.
No, it will not affect your credit score. Credit score gets affected when you do not pay your credit card bills on time.
You can use your net banking account or call on customer care number to check your credit card limit.