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

    The limit on your Citibank credit card is the maximum balance that is available for you. The bank will determine your credit card limit and you can always request the bank to increase it in the future.

    How is Citibank Credit Card Limit Decided?

    The bank will determine the limit on your credit card based on a lot of factors:

    • Credit Score:

      Citibank will give you a higher credit limit will be given to you if your credit score is high and you have maintained the score over a long period of time. The bank will not give you a higher credit limit for your credit card if you have a poor credit score or if have defaulted on your payments.

    • Income and Debt:

      Your income will affect your credit limit, but you should keep in mind that having a high income does not always mean that you will get a higher credit limit.

      Citibank will look into your income and also your debt-to-income ratio. This will determine the credit card limit for your credit card. If your salary has in increased but you have a huge debt, then your credit limit may not be increased.

    • Other Credit Cards:

      The bank may also look into the credit limit of other credit cards that you have.

    How to Increase Citibank Credit Card Limit?

    If you are eligible to increase the limit of your credit card, you can always approach the bank and an officer of the bank will help you in processing the request.

    Once you complete the request, the bank will do a few real-time checks and also confirm your eligibility to increase the limit on your credit card.

    You will have to submit these documents when you apply for an increase in your credit card limit:

    • Payslip
    • Salary certificate of the last 2 months
    • Latest Income Tax Return
    • Form 16 (attested and sealed by an authorised signatory)

    Citibank Credit Card Limit FAQs

    1. What are the eligibility criteria I need to meet to increase my credit card limit?

      The eligibility to increase the credit limit will be based on the various card performance and also credit parameters.

    2. How can I reduce my credit limit?

      You can reduce your limit to the credit card’s minimum credit limits. During the time of making the credit limit decrease request, you will have to check your eligibility as well. You can always reach out to the net banking services to know more about this.

    3. Can I consolidate two Citibank credit cards’ credit limits?

      If you have two primary Citibank credit cards and you want to close one credit card, then you can transfer credit limit from the one card to another card.

    4. What is the time period for the request for enhancement of my credit limit?

      The bank will take 10 working days for processing the credit limit increase request.

    5. What is credit limit and cash limit?

      Your credit limit is the limit to which you can make purchases. The cash limit is the limit that has been set for withdrawing cash from an ATM.

      

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