SBI credit card limit reallocation

[vamsikrishna1997]

I got and pre-approved offer for SBI octane rupay credit card and I would like to try it and they offered without joining fee.

While trying to complete the application process it asked me to adjust the credit limit between my existing SBI cashback credit card and the new octane credit card.

I will currently adjust the credit limit between the two cards and apply for the octane credit card but I have two questions here:
1) Once I applied by distributing the limit between the two cards, will I be able to change the limits for those cards or not? If I can what will be the process for it?
2) I have a limit of 1.2l currently for cashback card and I'll allocate 80k to octane card for now. If in any case I wanted to close the octane card, then what will happen to limit I added to that card. Will the limit between added back to my cashback card or it'll be lost?

 

[harsh_ujjwal]

Interesting .. if someone else can do this now, I will try for it again..
were you able to do it with level1 support or higher up?

How closed card limit can be transferred?? Either they did transfer of limit before closure or card still active.

 

[VikasBhindwar]

I have a question: I have 32k limit in a closed sbi Simplyclick CC...can it be transferred to my Cashback CC?

Yes...Just call customer care. I did same

 

[iamabhisekagar]

Yes...Just call customer care. I did same

CC guy said not possible

 

[Mahirathore360]

I haven't done anything the fault was on there side whenever I was making any transaction the otp was going to an international number i also sent screenshot to them asking the reason for it but they were clueless so lastly I had to close the card

Yeah, You did the right thing

 

[mailmenow]

Do sbi allows to match the limit like axis done earlier?

 

[SSV]

Fo sbi allows to match the limit like axis done earlier?

AFAIK, "SBI cards" strictly follows their internal formula to allocate total CL to a customer ..
They won't match other banks CL
And
They only split total CL among their own cards if a customer has multiple cards.. they dont match CL from one card to their own another card..

 

[Sobirvs]

Do sbi allows to match the limit like axis done earlier?

when i got my first sbicard simplyclick in 2019, i got it via c2c basis of icici and they matched 80% of icici's limit.

Idk if they do the same for a existing card as I have NTB customer for them.

 

[Deviation]

Did they offer you SBI BPCL Rupay or SBI BPCL OCTANE Rupay?

 

[Surendar407]

u can transfer back the limit again by calling cc team or via email

80k for Octane is not a good decision, in my opinion.
If you want to close the card in the future, you can transfer back the limit to your Cashback card, but not the full amount. You must keep at least 20k on the Octane card.

So, if the Octane card is closed in the future, you’ll lose 20k of your limit, and your Cashback card will retain 100k.

I have a doubt regarding this. I have currently sbi simple save with limit of 120k.. and have applied for bpcl octane.. they asked about minimum and maximum limit.. what exactly they mean by this? and also planning to close the simply save.. so can I transfer the whole 120k limit to sbi bpcl octane card?

 

[vamsikrishna1997]

I have a doubt regarding this. I have currently sbi simple save with limit of 120k.. and have applied for bpcl octane.. they asked about minimum and maximum limit.. what exactly they mean by this? and also planning to close the simply save.. so can I transfer the whole 120k limit to sbi bpcl octane card?

You won't be able to trf complete limit to the BPCL card. There should be a min limit of 10 or 20 k for simply save. Rest you can try. Also later you can try calling customer care and aks for trf the remaining limit of simply save and then close it.