SBI Credit Card Limit

Whether you are applying for a credit card for the first time or are a premium customer, SBI offers a range of credit cards for all. You can enjoy SBI credit card benefits across categories such as shopping, travel, dining, and more. However, the SBI credit card limit will differ from person to person and based on the type of SBI credit card opted for. This limit is decided by the bank at the time of card issuance after assessing the applicant’s eligibility, spending habits, credit score, and other parameters.

You can check your current SBI credit card limit via the following channels:

Through NetBanking

You can log in to your netbanking account using your credentials and head to the ‘Account Summary’ section. Here, you will find the available credit and cash limits.

Through the SBI Card Mobile App

You can download and install the SBI Card app on your smartphone. You can then log in and visit the ‘Summary’ tab to find the details of your credit and cash limits.

Through SMS

You can know your available credit card limit by sending an SMS in the prescribed format to 5676791 from your registered mobile number. You have to text: ‘AVAIL XXXX’, where XXXX are the last four digits of your credit card number.

In the SBI Credit Card Statement

You will receive the SBI credit card statement at the end of every billing cycle. This statement is sent to your registered email address. You can find your credit card limit, along with the outstanding balance and Minimum Amount Due, in the statement.

SBI credit cards have three types of credit limits:

Total Credit Limit

This refers to the maximum amount you can spend on your SBI credit card, covering both purchases and cash withdrawals. The total credit limit is determined by factors such as your income, credit score, and spending habits.

Available Credit Limit

This indicates the remaining amount from your total credit limit after deducting the portion already utilised. It reflects how much you can still spend on your SBI credit card.

Cash Limit

The cash limit is the portion of your credit limit that can be withdrawn as cash from ATMs. However, cash withdrawals incur higher interest rates.

An SBI credit cardholder can request to increase the card’s limit by providing the necessary income documentation or checking for a pre-approved limit enhancement. Eligible cardholders will receive a notification via SMS, email, or netbanking. For non-pre-approved offers, you can submit salary slips for the past three months, bank statements, and the latest ITR to apply. Once the necessary documents are submitted, the issuer will assess your eligibility based on its internal credit risk policy. After verification, your request for a credit limit increase may be approved.

You can get your credit limit revised in two ways:

Pre-Approved Credit Limit Offer (Zero Document Approval)

Select cardholders become eligible for a pre-approved SBI credit card limit increase offer based on the issuer’s internal risk policy. Cardholders will receive an enhanced limit offer via SBI credit card limit increase SMS, email, monthly statement, and in the Post Login section. You can also enquire about your eligibility through net banking, SMS, Chatbot ILA, or by dialling the SBI credit card helpline number.

Credit Limit Increase through Income Documentation

If you have received a promotion or a salary hike, you can provide your income documentation and request a credit card limit increase. You must first call the SBI Card helpline number at 1860-180-1290 or 39 02 02 02 (prefix with STD code) and check your eligibility. Later, you can submit your salary slips for the previous 3 months, bank statements for the last 3 months, and the latest ITR via email.

Once the issuer receives your documents, a decision will be made as per the internal risk policy. If you have received a salary hike and are deemed eligible for a credit card limit increase, your request may be fulfilled. This is one of the methods of how to increase SBI credit card’s limit with proper documentation.

Specific Credit Card Eligibility

Different SBI credit cards have varying eligibility criteria. You must meet specific eligibility criteria for the credit card you want before you can apply online. The criteria include your age, gross annual income, credit score, and employment status. The issuer will decide the SBI credit card limit based on these factors.

Credit Score

Your credit score is one of the most important parameters the issuer considers while approving your application and, subsequently, deciding your credit limit. You will enjoy a high SBI credit card limit and favourable interest rates if your credit score is above 750.

Debt-to-income Ratio

Your debt-to-income (DTI) ratio highlights the portion of your monthly income that goes into repaying existing debt. Essentially, it is the ratio of your existing debts and payments to your gross monthly income. The higher your DTI ratio, the lower your chances of getting a high SBI credit card limit.

Other Credit Cards

The number of active credit cards in your name also affects your credit card limit.

Other Factors

A few other factors that play a role in determining your credit card limit include your employment duration, nature of work, existing debts, and loans. SBI will consider all such factors while assigning your credit card limit.

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.