If you have an Axis Bank credit card and you want to increase your card’s credit limit but the bank hasn’t yet given you any preapproved limit increase offer you are in the right place. In this article, I am going to tell you a few ways to get your credit card limit increased without any preapproved offers by the bank.
Why You Should Get Your Credit Card Limit Increased?
As we all know a higher credit limit helps you to tackle your expenses like any big purchases. It helps in emergencies like unexpected medical bills would be easier to manage with higher credit limits and there are lots of situations in our day-to-day lives where we need higher credit limits.
Having a higher credit card limit helps you to improve your credit score in several ways. Firstly, it lowers your credit utilization ratio, which is the comparison between the amount of credit you’re using and your total credit limit. When your limit is higher, this ratio decreases, positively influencing your credit score.
Moreover, an increased credit limit can qualify you for better rates and terms. A higher credit score, often associated with a higher limit, gives you access to lower interest rates on loans and credit cards.
Increase Your Credit Card Limit Without Pre-Approved Offers
There is a single way to get your Axis Bank credit card limit increased without a pre-approved offer by submitting income-proof documents.
To be eligible for a credit card limit increase on your Axis Bank card, certain criteria must be met:
- Active and Normal Card Status: Your card must be active and in good standing, meaning it’s not suspended or canceled due to non-payment or other violations.
- Consistent Payment History: You must have a consistently positive payment history with no outstanding or delayed payments on your card.
- Minimum Tenure: Your card must have been active for at least 3 months since issuance.
- Recent Credit Activity: You cannot have requested a limit increase, decrease, or availed an Instant Loan on your card within the past 6 months.
- Updated PAN Information: For security purposes, your card’s PAN details must be accurate and up-to-date on file with Axis Bank
Follow These Steps to Get Your Axis Credit Card Limit Increased
- Contact to axis bank executive via any mode: Call, Email, or Chat Support. (The Best way is Chat Support)
- Then, ask them if you want to raise a manual request to increase your credit card limit.
- Then, they will ask for your Axis Bank credit card’s last four digits to confirm your card.
- Then, they will ask you whether you are salaried or self-employed.
- If you are a salaried employee then they will ask you to provide your last 2 month salary slips and if you are self-employed then they will ask you to provide your last 2 year ITR report.
- After providing the required documents, they will ask you ‘How much you are expecting to get your credit card limit Increased?). Based on your card limit, tell them your expected credit limit. (Plz Note that your expected credit card limit is not the final limit. The bank will only increase your card limit after very all the details and if you meet the all bank checks then the Bank will increase the limit).
- After providing all the details they will raise a credit limit enhancement request on your card and you will record your SRN (Service request number) on your registered email and registered mobile number.
How Many Days Does Axis Bank Take to Increase Credit Card Limit?
Normally Axis Bank increases the credit limit within 3-7 working days (if you qualify) but in a few rare cases, it takes more than 7 working days.
Bonus: Tips to Increase Your Credit Card Limit
- Responsible Payments & Low Utilization: Pay on time and keep your credit usage below 30% (ideally 10-15%). This shows you’re a reliable borrower.
- Track & Showcase Progress: Highlight improvements in your credit report and financial stability since card issuance.
- Justify Your Need: Explain how a higher limit benefits you, be it larger purchases, travel, or emergency preparedness.
- Request Strategically: Always try to aim for a review after 6-12 months of responsible card usage.
- Negotiate and Explore Alternatives: Be prepared to discuss your desired limit and consider other options like applying for a new card or using bank services like Credit Shield/Flexipay.
- Maintain Good Standing: Regularly use your card, utilize Bank services, and keep your PAN details updated for a smooth request process.