IDFC FIRST Bank Credit Card Limit

Your IDFC FIRST Bank credit card limit is key to managing your spending and finances effectively. Understanding how it’s set and what influences it can help you use your card responsibly. Whether you’re new to credit or already a cardholder, knowing your credit limit ensures smarter financial decisions. With the right knowledge, you can make the most of your credit card’s benefits, avoid overspending, and maintain a healthy credit score—all while staying in control of your finances.

The credit limit on your IDFC FIRST Bank credit card is the maximum amount of money you can borrow using the card. It’s an important aspect to understand, as it directly impacts how much you can spend. There are two key terms related to your credit limit:

• Total Limit: This is the overall credit amount assigned to you when your card is approved.

• Available Limit: This is the portion of your total limit that remains unused and is available for spending.

Your credit limit is closely linked to your spending ability. The higher your credit limit, the more you can spend, but it also means you need to manage your spending carefully to avoid accumulating debt.

IDFC FIRST Bank determines your initial credit limit based on several factors, such as your income, credit score, and payment history. The bank may also take into account your age, employment type, and existing financial obligations. By assessing these factors, IDFC FIRST Bank ensures that your credit limit matches your ability to repay. The bank may offer higher limits over time if you demonstrate responsible use of your card.

Knowing your credit limit helps you plan your finances, avoid overspending, and manage your credit card more effectively. It’s always best to keep your spending well below your available limit to maintain a healthy credit score and stay financially secure.

Checking your IDFC FIRST Bank credit card limit is simple and can be done in just a few steps:

1. Open the IDFC FIRST Bank Mobile Banking App or Internet Banking on your device

2. Log in using your credentials to access your account

3. Navigate to the Credit Card section

4. Click on ‘Credit Limit’ to view your available balance and total limit

5. Review your credit limit details, which will show both the total and available limits

Here are the key factors that influence your IDFC FIRST Bank credit card limit:

Income

Your monthly or annual income is a significant factor in determining your credit limit, as it helps the bank assess your ability to repay.

Credit Score

A higher credit score indicates a history of responsible borrowing and repayment, which can result in a higher credit limit.

Employment Type

Your job stability, whether salaried or self-employed, is considered when assigning your credit limit, with salaried individuals often receiving higher limits.

Existing Financial Obligations

The bank looks at your existing loans and credit card balances to ensure you’re not overburdened with debt, which can influence your credit limit.

Credit History

A strong track record of timely payments and low credit utilisation across all your accounts can increase your credit limit with IDFC FIRST Bank.

Age

Your age may be considered, as younger applicants may have lower limits due to limited credit history, while older applicants might qualify for higher limits due to more financial stability.

Banking Relationship

A long and positive relationship with the bank can work in your favour, leading to a higher credit limit.

To request an increase in your IDFC FIRST Bank credit card limit, follow these simple steps:

1. Visit the IDFC FIRST Bank Credit Card Limit Increase page on the official website

2. Enter your mobile number and ensure it’s the one registered with the bank

3. Provide your date of birth in the required format (DD/MM/YYYY)

4. Submit the information to begin the process

5. Follow the instructions on the next steps to complete the request

A temporary credit limit increase on your IDFC FIRST Bank credit card can provide additional spending power when you need it most, such as during emergencies, big purchases, or special occasions. This increase is typically granted for a limited period and may be based on factors like your current spending patterns and timely repayment history. 

To request a temporary credit limit increase, you can contact the bank through their customer service or use the available online tools. It's important to remember that, once the temporary period ends, your credit limit will revert to the original amount unless a permanent increase is approved.

Here’s what happens if you exceed your IDFC FIRST Bank credit card limit:

Over-limit Charges

Exceeding your credit limit will incur additional charges, which can be a percentage of the over-limit amount.

Impact on Credit Score

Consistently exceeding your limit may negatively impact your credit score, as it reflects poor credit management.

Interest Charges

Interest will be charged on the over-limit amount, increasing the total amount you owe.

Declined Transactions

Once you reach or exceed your limit, your further transactions may be declined until you make a payment to bring the balance under the limit.

Reduced Credit Limit

Exceeding your limit can lead to the bank reducing your credit limit or reviewing your card’s usage, which may result in less available credit in the future.