5 Tips to Increase your Credit Card Limit

Make a request for a credit limit enhancement

In case you are not automatically picked for a credit limit increase by your financier’s back-end algorithm, you can personally request your manager for an increase. Look for facts and figures that support your request. Speak of the number of times you have made full repayments and how you have kept your credit utilisation ratio low.

Build a case by showing income sources

Whether you are approaching your manager personally, or are looking for an automatic credit limit enhancement, proof of additional income will act in your favour. This is all the more true in case you have a savings account with the issuing authority. Whether it is payment from a freelance project, an investment that is yielding high returns, or a part-time job you have taken up, multiple sources of income show that you can make larger repayments comfortably.

Another option that you have when you want a credit limit enhancement is to apply for a credit card[2] that offers you a higher limit. When looking for an option that has simple eligibility criteria and extends to you a generous credit limit, consider the Bajaj Finserv RBL Bank SuperCard. This card comes in 8 different variants like Platinum Choice First-Year-Free SuperCard, World Prime SuperCard and Doctor’s SuperCard. This way you can pick a credit card as per your requirements.

Every SuperCard also offers you convenient features like 50-day, interest-free cash withdrawals from ATMs and 90-day, interest-free loans. Additionally, the SuperCard can also be used as an EMI Card as you can covert purchases of over Rs.3,000 to monthly instalments instantly. You can apply for the SuperCard and avail a sizeable credit limit quickly. Simply apply for your credit card online by checking your pre-approved offer.

References

  1. ^ credit card limit increase (www.bajajfinserv.in)
  2. ^ apply for a credit card (www.bajajfinserv.in)

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