Credit limit can be defined as the maximum amount of credit a bank extends to a customer through a line of credit. This is maximum amount that a cardholder can use on a credit card. American Express offers a plethora of credit cards to their customers. However, each credit card comes with its own credit limit. While the credit limit can be increased or decreased, utilising more than the allowed credit limit can invite over-limit charges. Let’s find out more about credit limit on Amex credit cards.
How to Increase Credit Limit on Amex Credit Card?
American Express or Amex considers limit enhancement only on cards which are older than six months. To increase your chances of getting a credit enhancement, there shouldn’t be any late payments on the card, the debt-to-income ratio should be good, and the total outstanding balance should be low.
Application for credit enhancement can be done using three methods: net banking, phone banking and postal mail.
Net Banking: For Amex credit card users with active net banking, the process to raise a request for credit limit increase is easy. Simply login to your account, click Account Services> Credit Management> Increase line of credit. Enter the four digit personal code located on the top of your credit card number as prompted.
You will be redirected to a new page, where you will be have to select the desired credit limit and enter your total income and submit the application. The bank will review your application by considering your credit score and repayment history.
You may shortly receive an SMS/e-mail from the bank about the status of your application.
Customer Care: You can also approach Amex customer care to apply for credit card limit enhancement. Amex has different helpline numbers for each product. Visit the page https://www.americanexpress.com/india/customerservice/contact-amex-phone.html?india_nav=cscontactmain and find your card specific helpline.
Mail to Amex Credit Department: You can also send a written request for credit limit increase on your credit card to the bank’s credit department. You need to attach a copy of your latest income tax return, acknowledgement of ITR-V and Form-16 with the letter.
Mention first 11 digits of your Amex credit card on the documents attached and send them to Credit Department, American Express Banking Corp., Cyber City, Tower C, DLF Building No 8, Sector 25, DLF City Phase I, Gurgaon, Haryana – 122002.
Check How to Withdraw Cash From Credit Cards
Check Other Banks Credit Card Limit Online 2018