With the introduction of credit cards, the idea of borrowing money has changed completely. Gone are the days when individuals had to stand in long queues to borrow money from a bank for the smallest of financial emergencies. Credit cards have come to the rescue of the entire world. HDFC Bank offers an array of credit cards to its customers that have been especially designed for their varied financial needs. These cards come with a credit limit which can be loosely defined as the maximum amount of credit that the bank extends to the cardholder through a line of credit. Let’s find out more about the credit limit of HDBC Bank’s credit cards.
HDFC credit card limit can be increased by availing the bank’s ‘Limit Enhancement’ feature, which is available for its existing credit card users. However, only eligible customers can avail the feature based on the bank’s terms and policies.
Besides limit enhancement HDFC also offers ‘Card Upgrade’ through which users can upgrade their card to a next level card with more features along with enhancing their credit limit.
Limit allotted on credit cards are periodically revised by the bank based on the customer's usage and payment patterns. If your existing HDFC credit card becomes eligible for either limit enhancement or card upgrade, you’re likely to receive a call or an SMS/email from the bank.
If you receive a call and are willing to accept the offer, make sure you are aware of all the terms and conditions, revisions in annual fee, if any, and any other details regarding the limit enhancement or upgrade. If you are fine with all the information, you can confirm your acceptance on the same call. If you need time, convey the same and ask the executive to give you a call in a couple of days.
Once you give a confirmation, you’re HDFC credit card limit will be automatically upgraded. You can check the same in your netbanking account or can call the customer care to confirm the same. Your next bill statement should ideally reflect the newly enhanced limit.
In case, you have applied for card upgrade, the bank will generate a new card with a new number and will send the same to the registered address within 7-10 working days. All the details on your previous card will be transferred to the new card. However, only a percentage of reward points on your old card will be transferred to the new card based on your card type.
In case, you haven’t received any such call after using the card for 6-12 months, you can check your hdfc credit card net banking account in which your credit card is registered. Login to your account, click on the ‘credit card’ tab and choose ‘card
upgrade with enhancement’ from the left side menu.
If any of your existing cards is eligible for either upgrade or limit enhancement, you will find the same there. Select the card, you would like to upgrade and click ‘continue’. Your request will be automatically sent to the bank and you will receive a confirmation message.
If you don’t have a net banking account, you can still request for credit limit increase or card upgrade by contacting HDFC phone banking officers. Credit card related queries and requests will be answered at 1800-266-4332, 24 hours on all days.
In case, you receive a reply saying your card is not eligible for limit enhancement based on the bank records, your chances of getting eligible for limit enhancement are still there, if you have recently got any increase in your income or if there is any difference in your income from the time you have applied for existing credit card.
Send a duly signed letter requesting increase on your existing credit limit, along with income proofs to the HDFC cards division. If you’re a salaried employee, you need to attach a self-attested copy of your recent salary slip and an office ID card. For self-employed, copy of latest income tax returns and Pan card along with computation of income should be submitted.
You can either send your letter to HDFC Bank Cards Division, PO BOX # 8654, Thiruvanmiyur P.O., Chennai-600041 or simply drop the same in HDFC drop boxes placed at the bank’s ATMs.
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