If you are a proud owner of an SBI credit card, then it is in your best interest that you do everything possible to increase the credit limit. Even though this might entail upgrading to a new credit card variant offered by the bank, there is more to it than meets the eye. In this guide, we’ve compiled some of the tricks to help you increase your SBI credit card limit.
But before we dive into the tricks to use, ensure you have an active SBI credit card, on-time payment for your purchases and no late EMIs and dues. Now read on to determine what goes into increasing your SBI credit card limit.
Increase the SBI Credit Card Limit
Trick 1: Purchase Something on EM and Pay EMIs on Time
Using your available limit, you can purchase some products on EMI and pay on time. To stand a better chance of leveraging some EMI conversion charges, ensure you take advantage of zero-cost EMI benefits on Amazon and Flipkart offer days. As long as you pay all EMIs on time, you will get an SMS and Email regarding your credit card limit increase after a couple of days.
Trick 2: Maintain Your CIBIL Score/Credit Score
At times simple things like maintaining your CIBIL score will go a long way in making sure you increase your SBI credit card limit. However, you must maintain a Credit Score above 750 to get the credit limit you desire.
Trick 3: Buy High-Value Products and Use Your Entire Credit Limit
Buying an item of high value and using all your available credit could also work in your favour whenever you want to increase the limit. Keep in mind SBI Credit card offers the option to overvalue purchases when you pay for a higher amount than your credit limit.
Hopefully, these tricks will come in handy the next time you want to increase your SBI credit card limit.