Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Axis Bank Credit Card Limit

    All credit cards come with a cap which is called the credit limit. It can be defined as the amount of money that the bank issues to a cardholder on a particular card. Axis Bank has different credit limits and it varies from card to card. Let us find out more about this concept.

    Your creditworthiness will be high if you have a high credit score. The way you use your credit limit affects your credit score. This is because every month, the credit limit and credit utilisation ratio are being reported by the bank to the credit bureaus. If your credit utilisation ratio is high, then, your credit score will be low.

    How Does Axis Bank Determine Your Credit Limit?

    The bank looks into a lot of factors before they set the credit limit for your card. These factors are:

    • Income
    • Your credit history
    • Your age
    • Your liabilities
    • Your credit score

    Your credit utilisation ratio (CUR) reflects the amount of the credit limit you have used on the card. If the CUR is high, then a lot of banks will think you are credit hungry. This will in turn affect your credit score. If you have a low credit utilisation ratio, it will show lenders that you know how to manage your finances. It lets them know that you can repay the amount that you borrow.

    Why Should You Increase Your Axis Bank Credit Card Limit

    • In case you have a high credit limit, it can reduce your credit utilisation ratio and this will give you a high credit score.
    • Keep in mind that a high credit limit is always helpful when you have health and financial emergencies.
    • A low credit utilisation ratio and a high credit limit, increases your chances of getting a loan or another credit card.
    • There are many credit cards that offer high credit limit offer more benefits than those that have a lower credit limit.

    How to Increase Credit Limit on Axis Bank Credit Card?

    Axis bank offers credit limit increase for its existing credit card holders under the ‘Credit Limit Enhancement’ feature. To become eligible for enhancement the credit card should be more than three months old. It should be active and has no payment delays throughout its history. There should be no limit enhancement/decrease or Instant loan availed on the card in the last six months.

    Despite all the eligibility factors, the final credit limit enhancement approval of your credit card is subject to Axis bank’s internal policies.

    During the bank’s periodic review, if your Axis credit card becomes eligible for limit enhancement, you may receive a call or an SMS/e-mail from the bank. If you’re fine with all the terms and conditions and would like to avail the offer, you can convey your acceptance on the same call. The phone banking executive will then direct you about how to proceed further with the process.

    Typically, once the request has been raised, the bank will take one day to process the same. Once your card is upgraded you will receive a confirmation message on your registered mobile number and e-mail.

    Place a Request for Credit Limit Enhancement

    If you don’t receive any call from the bank, you can raise a request by yourself to avail the offer. For that, as mentioned above, your card should be more than three months old, don’t have any late payments, and have not received any limit enhancement in the past six months. If you are sure that you met the above criteria, you can follow any one of the options mentioned below.

    • Internet Banking:

      If you have Axis bank credit card netbanking account with your existing credit card registered in it, you can simply login to check the eligibility of the card for limit enhancement and apply for the same.

      Login to your online banking account, click Accounts >My Credit Cards Accounts> Limit Enhancement and Check for Limit increase.

      If your credit card is eligible, you can select the same and submit the request for limit enhancement. In case, your card is not eligible, you will find a prompt message saying ‘your card is currently not eligible for limit enhancement’.

    • Mobile App:

      Download Axis bank mobile app. Login with your net banking credentials, click Credit Cards > Check for limit increase. If your card is eligible, the card number will be displayed, selecting which you can raise a request. In case, it’s not eligible, you will see a prompt message saying the same.

    • Call/e-mail:

      You can simply call Axis bank credit card customer care numbers at 1860-419-5555, 1860-500-5555, to check your eligibility as well as to raise a request for limit increase on your credit card.

      You can mail to them at creditcards@axisbank.com requesting to increase the credit limit on your card.

      If your card is eligible for enhancement, you may have to submit the following documents if you don’t have an account with Axis bank. Last two months’ salary slips, if salaried, and latest IT returns if self-employed.

    FAQs on Axis Bank Credit Card Limit

    1. How much will the credit limit of my Axis Bank credit card be?

      Your credit card issuer will fix your credit limit when you apply for a credit card. They will take into account your income, credit history, and current debt level, and then set a credit limit.

    2. What will happen if I exceed the credit limit?

      If the transaction is not declined and you exceed the credit limit, then, you will be charged an over-limit fee.

    3. Does Axis Bank have a mobile app?

      Download Axis bank mobile app. Login with your net banking credentials, click Credit Cards > Check for limit increase. If your card is eligible, the card number will be displayed, selecting which you can raise a request. In case, it’s not eligible, you will see a prompt message saying the same.

    4. Which number should I call to reach Axis Bank's customer care?

      You can call 1860-419-5555 to call the customer care.

    5. What is cash limit?

      Cash limit is the maximum amount in your credit limit that has been assigned to your credit card account that you can withdraw as cash.

    6. What is the minimum salary for availing Axis Bank credit card?

      The net income of cardholder should be Rs.9 lakhs or above to avail an Axis Bank credit card.

    7. Which is the best credit card of Axis Bank?

      Each credit card of Axis Bank has its own benefits depending on the requirement of the cardholders.

    8. Can I withdraw money using credit card?

      You can withdraw cash from any Automated Teller Machine (ATM) using your credit card.

      

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