Credit limit

[mohitbags]

I have option to increase my ICICI Rubyx CC limit from 2.6 L to 6.4L, should I raise my limit?
Considering I don't need that much limit? Do we have any benefits of high limit?

 

[AkashnAkashn is verified member.]

Yes take it

 

[Deleted member 11974]

take it

 

[naddy0711]

Higher limit impact is positive on your Cibil, it may help you to get a good loan at a low interest rate and easily approval for your further credit / loan application

 

[R_A_J]

I have option to increase my ICICI Rubyx CC limit from 2.6 L to 6.4L, should I raise my limit?
Considering I don't need that much limit? Do we have any benefits of high limit?

Take it without a thought. Other than many other reasons:
- It will make you eligible for higher variant cards in ICICI as well as other bank (C2C)
- will keep your utilization level low.

In case you are worried about the unfortunate incidence of the card being misused (with such a high limit) - Opt for the limit increase and manually decrease the daily/monthly limit on your card to 2 Lakhs (or whatever your usage is) using imobile. In this way, you will get all the benefits of 6 lakh limit...and be safe from misuse as well!