HDFC Credit Card Limit Increase - How To Increase Credit Card Limit HDFC?

The use of credit cards has spiked all over the world and changed the idea of borrowing money. HDFC Bank offers various credit card options to its customers according to their financial needs. However, these cards come with a credit limit, indicating the maximum credit the bank will extend to you. 

Read on to learn about HDFC credit card limit increase through various modes and how to check the limit. 

What is HDFC Credit Card Limit?

HDFC credit card enables you to conduct online and offline financial transactions effortlessly. When you avail an HDFC credit card, it comes with a limit on the amount you can spend. It is the maximum amount the bank extends to you as credit, also known as the HDFC credit card limit. 

When you use the card to carry out any financial transactions, the amount is deducted from your credit limit, and the remaining is called the HDFC available credit card limit. Hence, when you clear the dues on your credit card, the limit gets added back.

How is the HDFC Bank Credit Limit Decided?

The HDFC Bank credit card limit depends on several factors and differs from one individual to another. When you apply for an HDFC credit card, the bank will assess the following factors to determine your credit limit.

• Credit Score

A credit score is a three-digit number that gives financial lenders insights about your creditworthiness. The credit scores range between 300 and 900 points, and having a higher credit score enables you to get a higher credit limit on your card. Lenders does not want to take more risk to lend a big amount to individual with less credit score, as less credit score considered a sign of financial instability. 

• EMI to NMI Ratio

Lenders consider people for credit who have a EMI to NMI ratio of 50% to 55%. It is a calculation of individual's monthly EMI divide by his/her monthly income. Example if your monthly income is Rs.50000 and total monthly EMI amount is Rs.15000, so your EMI to NMI ratio is 30%. This ratio also considered when lenders assess your profile to set a credit limit for your credit card. 

• Payment History

When issuing a credit card, the financial lenders consider your existing loans and outstanding debts and the repayment pattern in the past. If you have default in your payment multiple times then lenders will see you as a risky borrower. Hence, you must clear your dues on time.  

• Monthly Income

Your monthly income is crucial in determining the HDFC credit card limit. If you have a higher monthly income with less outstanding debt, your chances are high of getting a higher credit card limit. 

• Employment Stability

Employment stability also influences the determination process of your credit card limit. If you are employed for a longer duration without any gaps, it showcases your ability to clear the dues. In addition, it improves your chances of getting a high-limit credit card. 

What is the HDFC Credit Card Age Limit?

The HDFC credit card age limit is that you have to attain the age of 18 years to apply for it. However, the upper age limit is 60 years old for salaried employees and 65 years for self-employed individuals.

In addition, if you are an add-on credit card holder, you must meet the age eligibility criteria to apply for an HDFC credit card. Anyone within this age limit can apply for an HDFC credit limit. 

How to Increase the HDFC Credit Card Limit?

You can increase credit card limit HDFC through various modes. You can do it both online and offline according to your comfort. Here are the ways to increase your HDFC credit card limit.

Through HDFC Net Banking

You can do an HDFC credit card limit increase using the NetBanking method by following these simple steps:

• Step 1: Open the official website of HDFC NetBanking and log in to your account. 
• Step 2: Go to the ‘Cards’ section and select ‘Credit Card’ from the drop-down menu.
• Step 3: Click on the ‘Request’ option and choose the ‘Credit Limit Enhancement’ option.
• Step 4: Enter your credit card number and the necessary information on the form.
• Step 5: Submit the form and wait for the approval, as the bank will verify your request and contact you for further processing. 

Through the HDFC Credit Card Limit Enhancement Form

You can increase your HDFC credit card limit online by following these simple steps:

• Step 1: Visit the official HDFC instant credit card limit enhancement page.
• Step 2: Enter your registered mobile and credit card number.
• Step 3: Enter the OTP received on your phone, choose the new limit and confirm the same.
• Step 4: After confirming, enter the OTP you have received on your phone for confirmation.
• Step 5: Lastly, after successful confirmation, you will get a confirmation message of the new increased limit for your HDFC credit card. 

Through Customer Care

Another way of increasing the HDFC credit card limit is by calling the credit card customer care of the HDFC Bank. You can call 1800 202 6161 or 1860 267 6161, which is available 24 hours every day, including bank holidays. 

On calling HDFC customer care, you must request to get connected with an agent, provide them with the necessary details and ask them for an HDFC credit card limit increase. The agent will look into your request, and you will receive a notification of the confirmation after successful verification and acceptance by the HDFC Bank. 

When HDFC Bank Enhances Limit

HDFC Bank often revises the credit card limit of customers by analysing their credit usage and payment patterns. When your existing HDFC credit card is eligible for a limit increase or upgrade, the bank officials will contact you via call, SMS or email.

If you receive any credit card limit increase or upgrade call from HDFC Bank, you must read the terms and conditions of the same. In addition, you must know about the annual fee revisions and other information regarding HDFC credit card limit increases or upgrades. You can accept the offer on call upon agreeing to the terms and conditions. If you require some time to decide, you can ask the officials to call you back in a few days.

After you confirm the same, your HDFC credit card limit will increase automatically, and you can check it by calling customer care or through net banking. Furthermore, your next credit card bill statement will show the new limit. 

Via Email to the HDFC Bank

Another way to increase the HDFC credit card limit is to send an email to the bank. If there is an increase in your monthly income, you can ask the bank officials to increase your credit card limit by sending an email. 

You must draft a mail asking for a limit increase and attach your income proofs. If you are a self-employed individual, you must attach your latest income tax return copies, PAN and computation of income. However, if you are a salaried employee, you must attach your recent pay slips and office ID card.

How to Check HDFC Credit Card Limit?

You must keep track of your HDFC credit card limit to make sure you are utilising it without hampering your credit history and credit score. Hence, the HDFC Bank enables you to do an HDFC credit card limit check via various methods. Here are some of the ways:

Limit Check via HDFC NetBanking

If you want to check the HDFC credit card limit through net banking, you can follow these steps:

• Step 1: Log-in to your HDFC Netbanking Account 
• Step 2: Click the ‘Credit Card’ option under the ‘Cards’ tab on the home page.
• Step 3: Select the credit card for whom you want to see the limit from the drop-down menu.
• Step 4: Click ‘View Account Summary’ to check the limit of your HDFC credit card and other details.

Limit Check via HDFC Mobile Banking Application

You can also opt for an HDFC credit card limit check through the bank’s mobile application. To do this, you can follow this simple step-by-step guide.

• Step 1: Open the HDFC mobile banking application and log in to your account.
• Step 2: Visit the ‘Credit Card’ section and choose the card for which you want the credit limit.
• Step 3: The account summary page will open, reflecting your total and available credit limit.

Limit Check via Customer Care

In addition, HDFC allows you to check the limit of your credit card by calling the HDFC customer care numbers - 1800 202 6161 or 1860 267 6161. Once you call the number, follow the instructions to check your credit card limit.

Knowing about the HDFC credit card limit increase is crucial as you do not have to handle multiple credit cards and get better rewards. It will also help to get access to loans with favourable terms and conditions. Hence, you can follow the above steps to increase your credit card limit. Nevertheless, you must be aware of the factors and options before opting to increase your HDFC credit card limit. 

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