The limit on your PNB Bank 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.
The bank will determine the limit on your credit card based on a lot of factors:
Your Credit Score:
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 Debts:
Your income has a huge role to play while the bank determines your credit limit for the PNB credit card.
Check Other Banks Credit Card Limit
No, the card limit will be decided by the bank. This will be different and be set after the bank looks into your expenditure, income, and factors like repayment history and credit score.
Yes, you can always decrease your credit card limit. You will need to submit documents as proof and the bank will process them as soon as possible. The bank can also decrease your credit card limit if you are not able to pay the credit card bills on time or if you cannot fund yourself.
Yes, the add-on cardholder will get the features and credit card limit as the primary cardholder.
You should not have exceeded your credit card limit over the past years and should have also paid the entire credit card bill amount in full and on time.
The documents that you submit to the bank when you apply for an increase in credit limit needs to be self-attested.
The bank will keep notifying you regarding your application status. If PNB bank rejects your request, then also the bank will send you an SMS.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.