No, PNB does not charge any processing fee for a credit limit increase request. However, approval depends on your creditworthiness and banking history.
Punjab National Bank (PNB) offers a wide range of financial services, and one of its standout offerings is the PNB Credit Card. Whether it's shopping, travel, or entertainment, a PNB credit card provides seamless transactions and exclusive benefits. However, one crucial factor to consider before applying is the PNB credit card limit.
Like other banks, PNB determines your credit limit based on various financial factors. If you’re looking to increase your PNB credit card limit, this guide covers everything you need to know, from eligibility factors to step-by-step methods for a limit increase.
The PNB credit card limit is not arbitrary—it is based on multiple factors that assess your financial stability and repayment capacity. These include:
A higher income generally results in a higher credit limit. PNB assesses your income to ensure you can manage credit responsibly. A stable, well-documented income improves your chances of getting a PNB credit card with a high limit.
Your existing financial obligations play a crucial role. If you have too much debt relative to your income, PNB may assign you a lower credit limit. Maintaining a healthy DTI ratio is key to securing a higher limit.
A high credit score (750+) significantly improves your chances of getting a PNB credit card with a higher limit. PNB evaluates your past repayment history, outstanding loans, and credit behavior before determining the credit limit.
If you hold credit cards from other banks, PNB considers those limits when deciding yours. A high limit on other cards may indicate strong creditworthiness, increasing your chance of securing a higher PNB credit limit.
If you want to boost your credit limit, PNB offers multiple online and offline methods:
Call PNB Customer Care at 1800-180-2345 or 0120-4616200 and request a credit limit increase. A representative will guide you through the process.
You can apply for a credit limit increase in person by visiting a PNB branch. Submit necessary income proof (like salary slips, IT returns, or bank statements) to support your request.
Increasing your PNB credit card limit can actually improve your credit score when managed responsibly. A higher limit lowers your credit utilization ratio (CUR), which credit bureaus use to assess your financial health. Experts recommend keeping CUR below 30% to maintain a strong credit profile.
However, reckless spending after a limit increase can have the opposite effect, leading to higher debt and a negative impact on your credit score.
A higher PNB credit limit reduces your CUR, signaling better financial management, which helps improve your credit score.
A higher limit allows you to manage large expenses without relying on multiple cards or loans.
Banks consider your creditworthiness before approving loans. A higher credit limit with responsible usage boosts your chances of getting loans with better terms.
In unexpected situations, a high-limit PNB credit card acts as a financial cushion, giving you access to funds without immediate cash outflow.
If you’re looking to increase your PNB credit card limit, you can do so through net banking, mobile banking, phone banking, or by visiting a PNB branch. A higher limit not only offers greater financial flexibility but also helps improve your credit score—as long as you use it responsibly.
Before requesting an increase, ensure you have a good credit score, low debt-to-income ratio, and stable income to maximize your chances of approval.
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