Credit cards have become one of the most important financial products that is found in the global economy now. It extends a unique sense of financial freedom to the cardholders. However, each credit card comes with a credit limit. ICICI Bank offers an array of credit cards to its customers that are designed keeping in mind the various financial needs of the patrons. However, the bank puts a limit to the amount of credit that it extends to the cardholder. This cap is known as credit limit. When defined loosely, it means the maximum amount of credit that is offered to the cardholder by the bank. On spending more than the allowed limit, the cardholder will have to pay over-limit charges. Let’s find out more in detail about the credit limit on ICICI credit cards.
ICICI bank offers its existing credit card customers an option to apply for a review or enhancement or reduction of credit limit under its ‘Credit Limit Increase’ feature.
Customers can make a request for both credit limit and cash limit enhancement upon completing 12 months of their membership with the bank. Which means they should use their existing credit card at least for one year.
ICICI conducts a periodic review of the credit card account and identify the eligible cards for either enhancement or reduction of credit limit.
Eligible card holders will receive a communication from the bank confirming the eligibility for ICICI credit limit increase offer.
If you receive such SMS from the bank, you can simply reply to the message as directed and you will soon receive a call from the respective department. When you receive the call regarding credit card limit enhancement on your ICICI credit card make sure to know the amount of enhancement offered, revision in fee, if any, and other terms and conditions related to the new limit.
Alternatively, you can contact ICICI customer care to check the eligibility of your card for limit enhancement.
The bank has different helpline numbers for different products, hence visit the customer care page https://www.icicibank.com/customer-care.page to find the helpline specific to your city/state under personal banking category.
You need to authenticate the call by providing your credit card number and PIN. Hence, make sure to have your card handy while calling ICICI customer care.
Once your request is submitted, ICICI reserves the right to approve/reject your credit card limit enhancement application.
If the limit enhancement is approved, you may receive a confirmation message and you can check the same in your internet banking account or the next billing statement. You can alternatively call the customer care to know your current limit.
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