- 1 Available Credit Limit for HDFC Cards
- 2 Limit on HDFC Card Cash
- 3 How to check the credit card limit on an HDFC?
- 4 Using SMS to check the HDFC Credit Card Limit
- 5 Methods for Increasing Credit Card Limits
- 6 How Can I Increase My HDFC Credit Card’s Credit Limit?
- 7 Asserts you with HDFC
- 8 Use Net Banking to Apply
- 9 Make a Customer Service Call
- 10 Send a Letter to HDFC
- 11 Limits for Basic and Premium HDFC Credit Cards:
- 12 Credit Cards for Businesses
- 13 Cards with a Super Premium:
- 14 FAQs
- 14.1 How can I raise the amount I may put on my HDFC credit card?
- 14.2 How much of a balance do I have on my credit card?
- 14.3 Can I spend more than my HDFC credit limit?
- 14.4 How are credit limits determined?
- 14.5 What happens if I don’t pay the HDFC credit card bill?
- 14.6 Is there an automatic rise in the credit limit?
- 14.7 Can I increase my HDFC credit card limit offline?
- 14.8 If I raise my credit limit, how will it influence my credit score?
- 14.9 Asking the bank to raise my credit card limit will I incur any fees?
- 14.10 Can I request that the bank reduce my credit card limit?
- 14.11 Will having my credit card limit reduced have an impact on my credit score?
The HDFC Credit Card Limit is the most you can charge to your card at any given time. It is the largest credit line the bank will give you. Your credit limit is reduced when you use your credit card to make a purchase, and it is restored when you pay for the same item.
Credit cards from HDFC Bank have greatly simplified both online and offline transactions. There is a cap on how much you can charge on your credit card, even though borrowing can be advantageous. The total amount of credit that the bank is providing to you is represented by this cap, which is known as the HDFC credit card limit. The available credit limit and cash limit from HDFC Bank are different from this.
The HDFC credit limit is determined based on factors including your salary; the credit limit on your every credit card has a set amount that can be spent with it, known as the credit card limit. Depending on your eligibility and credit card type, the credit limit can change.
Cards you now have, your credit history in the past, etc. Here is further information about your specific HDFC credit card limit.
Total Credit Limit for HDFC Cards
The highest credit limit on your HDFC Credit Card is the entire credit limit. Your credit limit will be reduced by the amount of each transaction you make, and it will be restored as soon as your credit card bills are paid in full.
Available Credit Limit for HDFC Cards
The credit limit that is readily usable for purchases as of the date mentioned is the accessible credit limit.The available credit limit, in this case, would be Rs. 70,000 if the total credit limit on your HDFC Card was Rs. 1 lakh and you purchased Rs. 30,000.
The HDFC credit card limit varies from one cardholder to another and is determined by several variables. The following are some of the crucial elements:
History of Credit: This focuses on how the borrowed money was used and the historical history of repayment.
Credit Rating: The main focus of your credit score is how well you can handle your debt. Your ability to manage credit is stronger as your score rises, thus your HDFC credit card limit will also rise.
Annual Salary: A greater credit limit on your HDFC Bank credit card is more likely to be granted if you have a higher income and less debt.
Remaining Balances: HDFC credit card limit is significantly impacted by your outstanding debts. These obligations could take the form of unpaid credit card balances, overdue loan EMIs, etc.
Limit on HDFC Card Cash
The amount that can be taken as cash from your credit card account that is part of the credit limit issued to it is known as the cash limit. It should be reminded that cash withdrawals using credit cards are subject to applicable interest fees and cash withdrawal costs.
The cash advance limit on your card, for instance, would typically range from 20% to 80% of the same if the credit limit on it is Rs. 2 lakh. You may use your credit card to withdraw Rs. 40,000 in cash if the cash limit is 20%.
How to check the credit card limit on an HDFC?
Logging into your account will allow you to view your credit limit if you are using HDFC Internet Banking. Using the HDFC Mobile App, you may accomplish the same task. The credit limit will show up on your dashboard using one of these techniques.
Using SMS to check the HDFC Credit Card Limit
Send an SMS to the number shown below with the prescribed format to get your credit limit availability. Send-
CCACL XXXX to 5676712
The last four digits of your HDFC Credit Card number are represented by the letters XXXX. The SMS needs to come from the mobile device that is registered with the bank.
How to Raise the Limit on an HDFC Credit Card?
The few methods listed below will help you raise your credit card limit:
Methods for Increasing Credit Card Limits
Application for New Card
A limit increase could be obtained by applying for a new, updated card. You can pick from a selection of cards that offer extra benefits in comparison to your current card.
Request for an existing card’s limit to be raised
Another choice is to raise the existing card’s limit. Based on your credit rating and payment history, HDFC Bank may increase the credit limit on the current card if asked.
Give more details
Occasionally, banks might not be informed of any changes in your financial situation that might qualify you for a credit card with a greater limit.
Many banks will raise your credit limit each year if you make on-time payments on the balance. You can inquire about this with your bank.
Increasing your credit score
It is best to make sure you have a decent credit score because banks take it into account when determining credit limits. You can achieve this by making prompt, full payments of all of your debts, including EMIs.
Limit for HDFC Credit Cards
The concept of borrowing money has radically changed since the invention of credit cards. The time when people had to wait in line for hours only to borrow money from a bank to cover a tiny financial emergency is long gone. The entire world has been saved by credit cards. Customers of HDFC Bank have access to a variety of credit cards that have been created with their various financial demands in mind. The credit limit on these cards can be broadly construed as the maximum amount of credit that the bank will grant the cardholder through a line of credit.
How Can I Increase My HDFC Credit Card’s Credit Limit?
By using the bank’s “Limit Enhancement” tool, which is available to current credit card holders, HDFC credit card limits can be raised. However, only customers who qualify can use the service following the rules and regulations of the bank.
In addition to credit limit expansion, HDFC also provides “Card Upgrade,” which allows users to upgrade their card to a higher-level card with more benefits.
Asserts you with HDFC
The bank occasionally changes the credit card limit given based on the customer’s usage and payment habits. You may get a call, an SMS, or an email from the bank if your current HDFC credit card is qualified for limit expansion or card upgrade.
When you get a call and decide to accept the offer, be sure you are informed of all the terms and conditions, any annual fee changes, and any other information about limit upgrades or enhancements. You can affirm your acceptance on the same call if you are satisfied with all the details. If you require more time, let the executive know and request a call from him or her in a few days.
The credit card limit on your HDFC will be automatically increased when you confirm. To confirm, you can either phone customer service or check the same in your net banking account. Idealistically, the newly increased limit should appear on your subsequent bill statement.
If you requested a card upgrade, the bank will create a new card with a new number and mail it to the registered address within 7 to 10 working days. Your old card’s information will be transferred in full to the new one. However, depending on your card type, only a portion of the reward points from your old card will transfer to the new card.
Use Net Banking to Apply
After using the card for 6 to 12 months, if you haven’t received any such calls, you can check your hdfc credit card net banking account, where your credit card is registered. Log into your account, select the “credit card” tab, and then select “card upgrade with an enhancement” from the left-side menu.
If any of your current cards qualify for an upgrade or limit increase, you may discover the information there. Choose the card you want to enhance, and then click “Continue.” You will automatically receive a confirmation message after the bank receives your request.
Make a Customer Service Call
By contacting HDFC credit card customer care, you can still request a credit limit increase or a card upgrade even if you don’t have a net banking account. On all days, 24 hours a day, at 61606161/6160616, credit card-related questions and requests will be addressed. To reach customer service in your city, your area code must be entered before the listed number.
Send a Letter to HDFC
If you hear that your card is not qualified for a limit increase based on bank records, your chances of qualifying for a limit increase remain if your income has recently increased or if there has been a change since you applied for your current credit card.
To request an increase in your current credit limit, send a letter to the HDFC Cards division that is properly signed and includes income documentation. An office ID card and a self-attested copy of your most recent pay stub must be attached if you are a salaried employee. Copy of the most recent income tax returns and a Pan card should be submitted for self-employed individuals, along with an income calculation.
Drop your letter off in the HDFC drop boxes located at the bank’s ATMs or mail it to HDFC Bank Cards Division, PO BOX # 8654, Thiruvanmiyur P.O., Chennai-600041.
Limits for Basic and Premium HDFC Credit Cards:
- Limits on HDFC Money-Back Credit Cards range from Rs.25, 000 to Rs.1, 50,000.
- HDFC Regalia Credit Card Limit: Rs.2 Lakhs to Rs.5 Lakhs; Jet Privilege HDFC Bank World Credit Card Limit: Rs.2 Lakhs to Rs.5 Lakhs
- Credit card limits for HDFC Diners Club Rewards range from Rs.25, 000 to Rs.1,50,000.
- Rs. 1.5 lakh to Rs. 5 lakh for HDFC Diners Club Premium/Club Miles Credit Card
Credit Cards for Businesses
- Credit card limit for HDFC Business Platinum: $25,000 to $150,000
- Limitation on HDFC Business Money Back Credit Cards: $25,000 to $150,000
- Credit card limit for HDFC Business Regalia: between Rs. 2 and Rs. 5 lakhs
Cards with a Super Premium:
- Credit Card Limit for HDFC Infinia: Rs. 8 Lakhs and Above
- Rs.4 Lakhs and Above HDFC Diners Club Black Credit Card Limit
- Credit Card Limit for Jet Privilege HDFC Diners Club: Rs.4 Lakhs and Above
Increase HDFC Credit Card Limit through Net Banking
You can also apply for credit card limit enhancement via HDFC Net Banking. Follow the below-mentioned steps for the same-
- Step 1; click to go to the HDFC Net Banking website.
- Step 2: Use your login information to access the site.
- Step 3: Select “Cards” from the drop-down menu.
- Step 4: Select the “Credit limit enhancement” option after clicking on the “Request” option.
- Step 5: Enter your credit card information to continue.
The bank will check your application and get in touch with you to discuss the next step in the process. Calling Customer Care to Increase Your HDFC Credit Card Limit By calling HDFC Customer Care at the number provided below, you can also seek an increase in your credit limit.
61606161 / 6160616 / 1800 266 4332
The service is offered every day, including Sundays and public holidays, for the entirety of the day.
How can I raise the amount I may put on my HDFC credit card?
Visit the HDFC net banking website to choose to raise your credit limit. As an alternative, qualified users may SMS “CCACL XXXX” (the final four digits of their card number) to 5676712 from the cell number they have on file with the bank.
How much of a balance do I have on my credit card?
All of the unpaid charges that were incurred to your HDFC Card account within a given month are added up to form your credit card outstanding amount. This is what it consists of –
2. Returns on purchases
4. Insurance Premiums
7. Fees and other charges
Can I spend more than my HDFC credit limit?
The credit limit is the maximum spending limit given on credit cards. For example, if the credit card has a credit limit of Rs. 25,000 then you can spend and use only Rs. 25,000 and not beyond that.
How are credit limits determined?
Factors that issuers like to consider include your repayment history, the length of your credit history and the number of credit accounts on your report, etc.
What happens if I don’t pay the HDFC credit card bill?
If you fail to pay even the minimum amount due on your HDFC credit card, you will be charged a late payment fee that would be added to your next credit card statement. The total amount still owed on the card determines the late payment fee. Finance charges will also start accruing on the unpaid balance until you make the payment in full. Also, any reward points that you have accrued on your card may be suspended by the bank.
Is there an automatic rise in the credit limit?
Numerous credit card companies regularly evaluate accounts and automatically increase credit limits for customers who match their requirements. But before it can be added to their current limit, cardholders must agree on the limit increase.
Can I increase my HDFC credit card limit offline?
It is possible to boost your credit card limit by visiting the HDFC bank office that is the closest to you and speaking with a representative.
If I raise my credit limit, how will it influence my credit score?
Once you’ve done that, your credit limit won’t be impacted. Your credit report will undoubtedly suffer if you ask the bank to raise your credit limit frequently.
Asking the bank to raise my credit card limit will I incur any fees?
No, there won’t be any fees applied if you ask your bank to raise your credit card limit.
Can I request that the bank reduce my credit card limit?
To lower your credit card limit, you can contact a bank representative.
Will having my credit card limit reduced have an impact on my credit score?
No, a reduction in your credit card limit won’t have an impact on your credit score. To maintain a good credit score, you must be sure to make timely payments on all of your credit card bills.