Kotak Bank is one of the best private sector banks that offer various types of credit cards based on your requirement. Generally, you will get an offer to increase your card limit from Kotak Bank after using it for 6 to 8 months in the best way. In this article, you will learn How to Increase Kotak Bank Credit Card Limit Online | Check Kotak Bank Credit Card Limit?
We will also discuss the factors that affect your card limit, the advantage of a higher card limit, its requirements, and eligibility in this post. so let’s begin…
Contents
How Credit Limit is Determined on a Credit Card?
There are various factors responsible for the card limit. below you can find the major ones.
- The applicant’s income.
- Age of the person.
- Any loans or liabilities or EMIs attached to the applicant.
- The repayment capacity of the applicant.
- The Credit History of the person
- The Credit Score or Credit Rating of the applicant.
- The type of credit card that is issued.
Advantage of Higher Credit Limit
- Larger Purchases
- Greater Spending Power
- Easy to get loans
- A higher credit limit can help you to tackle the emergencies like medical, hotel booking, flight booking when you are travelling abroad.
- You can get extra benefits like access to airport lounges, higher discounts, free movie tickets, among other things.
Requirements to request the Kotak Bank to Increase your Credit Card Limit
- You must have credit card and it should be linked to the Kotak Mobile application.
- Your mobile number and email ID must be registered with your bank account.
- Access to Internet banking is needed if you are requesting or increasing limit online.
Documents required to be submitted to Increase Kotak Credit Card Limit
- Documents are not required if you hold an Kotak Bank Salary Account. Only Account number is enough.
- If you do not have salary account in Kotak Bank ,you need to provide last 3 month Salary Slips and Bank statement stating salary credit of other bank.
- you may need to provide the latest IT Return.
Eligibility Criteria to Increase Kotak Bank Credit Card Limit
- The card should be active and normal.
- Paymet for EMIs should be always done on time.
- Cards should be more than 6 months since the issuance.
- Your KYC must be completed.
How to Check Kotak Mahindra Bank Credit Card Limit through SMS
If you are not aware of your credit card limit or you do not remember the limit you can send an SMS in the below format from your registered mobile number to 5676788 or 9971056767.
Check Your available credit card balance and limit:-
CCAVBL<spce>Last 4 digits of your Kotak Credit Card Number and send it to
5676788 or 9971056767
After sending the above SMS within few seconds you will get the reply from Kotak saying – Total outstanding on Card No XX7890 on 20-Dec-2020 is Rs. 15000.00. The available Cash limit is Rs. 7000.00. Available Credit Limit is Rs. 50000.00.
If you have access to Kotal Net Banking or Mobile Banking you can check it there as well.
How to Increase Kotak Bank Credit Card limit by Calling Customer Care
You can call Kotak Bank’s phone banking number 1860 266 2666 and place a request to increase your Kotak credit card limit.
The bank will ask you for the above relevant documents to check if you are eligible for a credit increase.
Once you meet all the requirements, you will be intimated by the bank for a credit limit increase via email/call/SMS to your registered email or mobile number.
Increase Your Kotak Bank Credit Limit Online Using Internet Banking
- Visit Kotak Bank Internet Banking Website and login using your Credentials.
- Once you login successfully click on the Credit Card option on the home page.
- If you are eligilble for credit card limit increase you will see Credit Limit Increase Offer under Credit card section (Quick links).
- Click on the option Credit Limit Increase Offer and you will see your credit card number, Old Credit Limit and New Credit Limit. Check the box I accept the terms & conditions and click on the Submit button.
- On the next screen click on the Confirm button to avail the credit limit increase offer.
- Congrats!! your request is registered successfully. your credit limit will be increased within 7 working days.
Increase Your Kotak Bank Credit Limit Online Using Kotak Bank Mobile Banking App
- Download and install Kotak – 811 & Mobile Banking App to your phone.
- Register and log in using 6 digits MPIN.
- Once you login successfully click on the Service Requests on the botton of the home page.
- Next, tap on the option Credit Cards.
- If you are eligilble for credit card limit increase you will see Credit Limit Increase Offer under Credit card section.
- Click on the option Credit Limit Increase Offer and you will see your credit card number, Old Credit Limit and New Credit Limit. Check the box I accept the terms & conditions and click on the Submit button.
- On the next screen click on the Confirm button to avail the credit limit increase offer.
Increase Your Kotak Bank Credit Limit by Visiting Bank Branch
You can visit the bank’s home branch to place your request to enhance your credit limit. make sure you carry the above-required documents along with you.
The bank officials will check all the required documents and if they find you eligible, your request will be accepted and the card limit will be increased within 7 working days.
You will get a message to your registered email ID/Mobile number once the limit is increased.
Conclusion
In this article, you have learned How to Increase Kotak Bank Credit Card Limit Online | Check Kotak Bank Credit Card Limit. I hope your doubt regarding the Kotak Bank credit limit Increase is cleared.
Make sure you increase your credit card limit if you have a genuine and strong reason, not just to spend more on luxury things otherwise it will create a financial burden on you.
If you have any questions related to the Kotak Bank credit card limit increase, contact the customer care department and they will assist you.
FAQs
1860 266 2666
Your credit limit will be increased within 7 working days.
The bank will send you an update to your registered email and mobile number also you can check the card limit in the next billing cycle.
Moreover, you can call Kotak Bank’s customer care number to know the current credit card limit.
