Bajaj Finserv RBL Bank Credit Card Limit

Bajaj Finserv RBL Bank SuperCard Limit

While applying for an RBL Bank credit card, you need to keep in mind that the bank will cap your purchasing limit by specifying the credit card limit. In other words, the RBL Bank credit card limit is the maximum amount of credit available to you. This has a direct correlation with your credit utilisation ratio which shows how much of the total credit limit you use. A higher credit utilisation ratio will have a negative impact on your borrowing capacity. RBL bank also charges an over limit fee for spending more than your credit card limit.

How is the Bajaj Finserv RBL Bank Credit Card Limit Decided

The bank considers a range of factors to zero in on your credit limit. Here’s a look at the factors influencing the bank’s decision:

1. Income

Your net income will be considered for deciding the Bajaj Finserv RBL Bank Credit Card limit. With a high net income, you can enjoy a higher credit limit. Conversely, with an average income, your credit limit will be lower.

2. Debts

If you have higher outstanding debts such as personal loans, home loans, auto loans, and so on, the bank will decrease your credit card limit.

3. Individual Profile

Based on your profile, the bank will categorise you into either a low-risk or high-risk individual. A high-risk individual will have a lower RBL Bank Credit Card limit and vice-versa.

4. Bank’s Terms and Conditions

While the bank will inform you about the credit limit while providing you with the credit card, the limit is at the sole discretion of the bank. It can change the credit limit as and when the bank deems fit. However, you will be informed before your credit card limit is decreased.

Bajaj Finserv RBL Bank Credit Card Limit Check

You can check the credit card limit on your Bajaj Finserv RBL Bank Credit Card by any of the online and offline methods mentioned below:

1. Bajaj Finserv RBL Bank Credit Card Limit Check via Net Banking

To check your Bajaj Finserv RBL Bank Credit Card limit via the bank’s website, you must first register for the Bajaj Finserv RBL Bank Credit Card netbanking service

• Step 1: Visit the RBL Bank official website and proceed to netbanking.

• Step 2: Log in to your account with your credentials.

• Step 3: Head to the credit card section.

• Step 4: Choose the card for which you want to check the limit.

• Step 5: Click on 'View account summary'.

You will be able to view your Bajaj Finserv RBL Bank Credit Card limit.

2. Bajaj Finserv RBL Bank Credit Card Limit Check via Mobile App

You can check your credit card limit through your RBL mobile app too. Here are the steps:

• Step 1: Download and register for the RBL mobile banking service.

• Step 2: Log in to your account with your credentials.

• Step 3: Head to the credit card section.

• Step 4: Choose the card for which you want to check the limit.

• Step 5: Click on 'View account summary'.

You will be able to view your Bajaj Finserv RBL Bank Credit Card limit.

3. Bajaj Finserv RBL Bank Credit Card Limit Check via Customer Care

You can also call the Bajaj Finserv RBL Bank Credit Card customer care on +91 22 7119 0900, +91 22 6232 7777, or 1800 121 9050 and request to know your credit card limit. Post verification of your identity, the customer care executive would provide you with the exact details.

How to Increase Bajaj Finserv RBL Bank Credit Card Limit

For the RBL credit limit increase, you can make an online application to the bank. You can also make an offline application by contacting the concerned authorities at the nearest branch office. To make an application for an RBL credit limit increase, you can be asked to submit the following financial documents:

• Bank statement supporting that you have a higher income

• Recent salary slips supporting your application for an RBL credit limit increase

• Income Tax Returns (ITRs) with tax slabs and tax payments

Benefits of Bajaj Finserv RBL Bank Credit Card Limit Increase

Did you know that the RBL credit limit increase can provide you with multiple benefits? Yes, having a higher credit card limit is advantageous. Here’s a look at how:

• Lower Credit Utilisation Ratio

Having higher credit can lower your credit utilisation ratio, thus boosting your credit score. For instance, if you regularly spend ₹50,000 with a credit card that has a limit of ₹1 lakh, you will have a credit utilisation ratio of 50%. On the other hand, if your credit limit is increased to ₹1.5 lakh, then the ratio will be around 33%. Having a lower credit utilisation ratio will help you maintain a good credit score.

• Easier Access to Loans

Having a lower credit utilisation ratio will allow you to avail a wide variety of credit facilities such as personal loans, home loans, etc., with ease and convenience.

• Zero Requirements for Multiple Credit Cards

With multiple credit cards, it is easy to overspend and fall in a debt trap. But availing a credit card with a higher limit means you can easily use one card for your required expenditures.

• Helps in Emergency Requirements

An RBL credit limit increase can allow you in times of emergency by providing an extended line of credit.

• Better Rewards

With an RBL credit limit increase, you can spend more and earn better credit card reward points, discounts, and offers on your purchases.

Eligibility for Bajaj Finserv RBL Bank Credit Card Limit Enhancement

To become eligible for an RBL credit limit increase, you have to meet the following eligibility conditions:

• Improved CIBIL Score

If you have a good CIBIL score, say 750 and above, the bank can consider your request to increase the credit limit. Remember, the CIBIL score reflects your creditworthiness and is contingent upon factors such as your repayment history, nature of loans availed, credit utilisation ratio, credit exposure, write-offs, and so on.

• Submitting Proof of an Increase in Income

To get approval for the RBL credit limit increase, you can submit financial documents showing that your income has increased. You would need to submit your recent salary slips, bank statements, etc. Self-employed individuals can submit relevant documents like audited and CA certified profit and loss statements, balance sheets, ITRs etc.

• Automatic RBL Credit Limit Increase

In contrast with the process of making an application for RBL credit limit increase, the bank can also automatically increase your credit limit if you have been categorised as a trustworthy customer. For this, you need to make a minimum number of credit card transactions regularly, besides making timely credit card repayments and maintaining a good credit score. This process, however, is at the sole discretion of RBL Bank.

How to Decrease the RBL Bank Credit Card Limit

You can also decrease your credit card limit by making an online or offline application to the concerned RBL Bank authorities. You can be required to submit various financial documents along with stating the reasons for opting to decrease your credit card limit. The bank can also, on its own, decrease your credit card limit by assessing your income and debt statements. In the case of a non-voluntary decrease in credit card limit, the bank will send you a relevant communication and inform you.