Axis Bank Credit Card Limit - How To Increase Online

Axis Bank credit card limit increase is offered to eligible customers, enhancing their purchasing power. Regular usage, timely repayments, and a good credit history can bolster chances of approval. Customers can request this facility online, through mobile apps, or by contacting customer service, ensuring they meet the bank's criteria for this financial uplift.

How do I request for a credit limit increase on my credit card?

To seek an elevated credit limit on your card, follow these procedures:

Axis Mobile App: 

After logging in, navigate to Credit Card > Choose Relevant Card > Total Controls > Look for Limit Raise Option. If your card qualifies, you can proceed; otherwise, a message will appear indicating the ineligibility for a credit limit raise.

Online Banking: 

After signing in, go to Accounts > My Credit Cards > Increase Limit > Look for Limit Raise Option. If your card is suitable, you can move forward; if not, a notification about the card's ineligibility will show up.

Criteria for Credit Limit Increase:

The bank's internal guidelines will determine any considerations for raising the credit limit. Here are the prerequisites for a credit limit raise: 

• The card should be active and in regular use. 
• The card's transaction history should be free from any overdue payments. 
• The card should have been in use for at least three months. 
• No changes (increase or decrease) in the card's limit or any instant loan should have been availed in the previous half-year. 
• An update of the PAN details for the card is essential for any limit raise.

Documentation Needed for Axis Limit Enhancement:

• For those with an Axis Bank Salary Account, no additional documents are needed. 
• If you have a non-salary account with Axis Bank, you should furnish your latest three salary slips and a bank statement from the past three months showing the salary credits. 
• Self-employed individuals should provide their most recent Income Tax Return.

Enhancing Your Axis Bank Credit Card Limit

Here's how you can put forward a request for a higher credit limit on your Axis Bank card:

• Send your request via email to customer.service@axisbank.com.
• Reach out to Axis Bank's helpline at 18004190072.
• Be prepared to submit supplementary documents, especially those related to your income.

Terms and Conditions

• The bank typically processes limit enhancement requests within 3-4 working days.
• Axis Bank has the final say on whether to approve or decline your credit limit increase request.
• You won't incur any additional fees for seeking an increase in your credit card limit with Axis Bank.
• Before considering your request, Axis Bank will conduct thorough internal assessments related to your credit card usage and history.

Factors Affecting Axis Bank Credit Card Limit Increase

Your credit limit for Axis Bank credit cards is determined by several factors set by Axis Bank. Here's what influences your card's limit:

Income Level

Typically, the credit limit on a card is determined by taking two to three times an individual's monthly earnings. For salaried individuals, this is based on their monthly wage. For self-employed individuals, the income reflected in their last annual financial statement is considered. Individuals with a strong financial standing often receive a higher limit.

Credit History

Your credit rating plays a significant role in determining your card limit. A score of around 750 is generally deemed favorable by banks. Those with scores below this threshold might face challenges in obtaining a credit card, and if they do, the given limit might be lower.

Existing Loans and Monthly Commitments

Having other financial commitments, like ongoing loans or EMIs, can negatively impact the credit limit you're offered. For instance, if someone has a monthly income of ₹1 lakh but pays an EMI of ₹60,000, the credit card limit might be reduced due to this existing financial obligation.

Past Association with the Bank

Banks value longstanding, positive relationships with customers. Such relationships can be in the form of savings accounts, current accounts, salary accounts, etc. The bank will review a customer's history and make a decision on the credit card limit based on past interactions and behavior.

How to Determine Your Eligibility for a Higher Limit on Your Axis Bank Credit Card?

Axis Bank often provides pre-approved credit limit enhancements to deserving cardholders. This decision is based on the bank's internal risk assessment policies. Eligible customers receive notifications of these offers on their registered mobile numbers or email IDs. If you're pre-approved, there's no need for additional documentation to avail this increase. To determine your eligibility for a higher credit limit on your Axis Bank card, you can utilize various methods: through the mobile app, the official website, making a direct call to the bank, or by sending an SMS. 

Check Axis Bank Credit Limit Increase Status Through the Website:

• Navigate to the official Axis Bank online banking platform.
• Sign in with your 'Customer ID' and respective password.
• Navigate to Accounts and proceed to the 'My Credit Cards' segment.
• Click on the 'See Limit Enhancement Availability' link.
• Any eligibility details, including the duration of any promotional offers, will be displayed if applicable.

Check Axis Bank Credit Limit Increase status Via the Mobile Application:

• Ensure you have the Axis Bank app installed on your mobile device.
• Sign in using your Customer ID and Password.
• Navigate to the 'Credit Cards' section and tap on 'Your Credit Card' details.
• Under the 'Total Controls' section, select 'Verify Eligibility for Limit Augmentation'.
• Should you qualify, pertinent details, including the validity period of the offer, will be displayed.

SMS Inquiry to Check Axis Bank Credit Card Limit Increase:

To determine if you're eligible for a limit enhancement on your Axis Bank credit card, simply send an SMS with the format "CLE XXXX" (where XXXX are the last four digits of your card number) to 5676782 from your officially registered mobile number.

FAQs on Axis Bank Credit Card Limit Increase

✅ What criteria does Axis Bank use to determine a credit card limit increase?

Axis Bank assesses factors like credit history, monthly income, existing liabilities, card usage, and their internal risk assessment to decide on a credit limit enhancement.

✅ How frequently should I approach Axis Bank for a credit card limit increase?

Ideally, wait for at least 6 months between consecutive requests or after showcasing improved financial behavior to Axis Bank.

✅ Will inquiring about my Axis credit card limit increase eligibility affect my credit score?

No, inquiring about your eligibility is a soft check and doesn't impact your credit score.

✅ Are there any fees charged by Axis Bank for a credit card limit increase?

Axis Bank does not impose any charges for increasing your credit card limit.

✅ How will I be notified by Axis Bank if I'm pre-approved for a credit card limit increase?

Axis Bank communicates pre-approved limit increase offers via registered email or mobile number.

✅ Can I decline an Axis Bank pre-approved credit card limit increase?

Absolutely. If you feel a higher limit isn't suitable, you can inform Axis Bank to decline the offer.

✅ After Axis Bank approves my request, how long before my credit card reflects the increased limit?

The enhanced limit typically becomes active within 3-4 business days post Axis Bank's approval.

✅ What documentation might Axis Bank require for a credit card limit increase if I'm not pre-approved?

Axis Bank might ask for recent income statements such as salary slips, financial records, or other relevant documentation to assess your creditworthiness.

✅ How can I ascertain my current Axis Bank credit card limit?

Axis Bank offers multiple channels: their mobile app, internet banking portal, monthly statements, or customer service helpline to check your current credit card limit.