How to Increase Credit Card Limit for Axis Bank?

Axis Bank is one of India's leading private sector banks, offering a wide range of credit cards tailored for shopping, travel, and entertainment. If you own or plan to apply for an Axis Bank credit card, understanding the credit card limit and how to increase the limit can help you maximize its benefits.

What is the Axis Bank Credit Card Limit?

Your Axis Bank credit card limit is the maximum amount you can spend using your credit card in a billing cycle. This limit is set by the bank based on various factors like credit score, income, credit utilization ratio, and existing debts. If you need more spending power, you can request an Axis Bank credit card limit increase after meeting certain eligibility criteria.

There are three types of credit limits:

1. Total Credit Limit: The overall limit assigned to your card. It decreases as you spend and replenishes once you pay your outstanding bill.
2. Available Credit Limit: The remaining amount you can use at any given time. For example, if your total limit is ₹1,00,000 and you have spent ₹40,000, your available limit is ₹60,000.
3. Card Cash Limit: The portion of your credit limit that you can withdraw as cash, usually 20%-40% of the total limit, subject to cash withdrawal charges.

How is the Axis Bank Credit Card Limit Decided?

When you apply for an Axis Bank credit card, the bank assesses multiple factors to determine your limit:

1. Income Level: Higher income increases your chances of getting a higher credit limit.
2. Debt-to-Income Ratio: Lower debts improve your eligibility for a better credit limit.
3. Credit History & Score: A strong credit score (750+) helps secure a higher limit.
4. Existing Credit Limits: The bank considers the limits on your other credit cards and loans before setting your Axis Bank credit limit.

Axis Bank Credit Card Age Limit

To apply for an Axis Bank credit card, you must be between 18 to 70 years old. However, eligibility criteria may vary for different card types.

How to Increase Axis Bank Credit Card Limit?

Eligibility for Credit Limit Increase

Axis Bank may offer a credit limit increase if:

1. You have maintained timely bill payments.
2. Your credit score has improved.
3. You have increased your income.
4. You receive an SMS or notification from the bank regarding an eligible limit enhancement.

Documents Required for Credit Limit Increase

1. If you have an Axis Bank salary account: No documents are required.
2. For non-salary account holders: Submit the last 2 months' salary slips or latest Form 16.
3. For self-employed individuals: Provide your latest ITR with income computation along with your Aadhaar card.

Steps to Increase Axis Bank Credit Card Limit Online

You can request a credit limit increase online through the Axis Mobile App or Net Banking.

Via Axis Mobile App:

1. Download and log in to the Axis Mobile App.
2. Select ‘Credit Cards’ and choose your card.
3. Tap on ‘Total Controls’ → ‘Check for Limit Increase’.
4. If eligible, proceed with the request. Otherwise, you will see a non-eligibility message.

Via Axis Net Banking:

1. Log in to the Axis Bank Net Banking portal.
2. Navigate to ‘Accounts’ → ‘My Credit Cards’.
3. Click on ‘Limit Enhancement’ → ‘Check for Limit Increase’.
4. If eligible, submit the request for approval.

How to Check Axis Bank Credit Card Limit?

You can check your Axis Bank credit card limit using the following methods:

1. Via SMS: Send ‘CLE XXXX’ (last 4 digits of your credit card) to 56161600 from your registered mobile number.
2. By Calling Customer Care: Dial 1860 500 5555 or 1860 419 5555, follow IVR instructions, and check your limit.

Why Should You Increase Your Credit Limit?

1. Improves Your Credit Score: A higher limit with controlled spending reduces your credit utilization ratio, positively impacting your credit score.
2. Better Loan Eligibility: A higher limit makes it easier to get loans or premium credit cards.
3. Increased Purchasing Power: More flexibility for travel, shopping, or emergencies.

If you're looking to enhance your Axis Bank credit card limit, follow the steps above and ensure responsible usage to enjoy better financial flexibility!

Related Articles:
1. HDFC Credit Card Limit Increase
2. ICICI Bank Credit Card Limit Increase

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