SBI Cashback Credit Limit

[ak1423]

Is SBI giving decent credit limit on cashback card currently. I have limit of 1lk on hdfc,axis and 3L limit on Amex cards. I am careful in applying as I doesn't want to get a card with 10-20k limit. Have anyone applied Recently?

 

[Mruseless]

Is SBI giving decent credit limit on cashback card currently. I have limit of 1lk on hdfc,axis and 3L limit on Amex cards. I am careful in applying as I doesn't want to get a card with 10-20k limit. Have anyone applied Recently?

I applied on 15th dec 23 and I get a limit of 1.07lk

 

[ak1423]

I applied on 15th dec 23 and I get a limit of 1.07lk

Other card limits ?

 

[Shubham Yadav]

Is SBI giving decent credit limit on cashback card currently. I have limit of 1lk on hdfc,axis and 3L limit on Amex cards. I am careful in applying as I doesn't want to get a card with 10-20k limit. Have anyone applied Recently?

No one can say direct answer its completely depend upon very unpredictable factors

 

[Mruseless]

Other card limits ?

As I don't have any relation with sbi earlier. I have other card from hdfc before 15th dec, I have the limit of 53k pnly

 

[VasukiVasuki is verified member.]

I applied on 15th dec 23 and I get a limit of 1.07lk

Bhai tu 1 Lakh likh de direct .. lk mt kr 😅

 

[Mruseless]

On 15th Dec,I got approval of 2 card one is sbi cashback and 2nd is Apay with limit 1.20lk now apay has 1.65lk

 

[Mruseless]

Bhai tu 1 Lakh likh de direct .. lk mt kr 😅

Kaiko,hum to lk hi likega 😁

 

[VasukiVasuki is verified member.]

Is SBI giving decent credit limit on cashback card currently. I have limit of 1lk on hdfc,axis and 3L limit on Amex cards. I am careful in applying as I doesn't want to get a card with 10-20k limit. Have anyone applied Recently?

Apply via agent while applying if u r pre qualified. It will show tentative range of card limit .range won't be too wide .

 

[Mruseless]

Apply via agent while applying if u r pre qualified. It will show tentative range of card limit .range won't be too wide .

Yaa it totally depend upon cibil,if it is going to be your 1st card will sbi,then you definitely get a higher limit as per your cibil

 

[VasukiVasuki is verified member.]

Yaa it totally depend upon cibil,if it is going to be your 1st card will sbi,then you definitely get a higher limit as per your cibil

There is never a certainty with banks ..
Never

 

[Parallaxhal]

I got my sbi cb last week with 1.6l limit. This is my highest limit on any card. I had hdfc millenia with 1.5l as the highest limit before this card

 

[kgaurav00]

I got my sbi cb last week with 1.6l limit. This is my highest limit on any card. I had hdfc millenia with 1.5l as the highest limit before this card

if your first SBI card is Cashback then you hope for decent limit else not.

 

[Parallaxhal]

if your first SBI card is Cashback then you hope for decent limit else not.

It is kind of. I had sbi simplyclick before this for several years with 20k limit. They gave it to me when I was a student. I close that card 3 months ago. So currently cb is my only sbi card.

 

[_ayush]

if your first SBI card is Cashback then you hope for decent limit else not.

My first SBI card was cashback card only but they gave 20k limit even though I have cards with much higher limit. Its 1 year old now and no LE. I have mailed PNO multiple times but they just say that it can't be increased at this moment.

 

[kgaurav00]

My first SBI card was cashback card only but they gave 20k limit even though I have cards with much higher limit. Its 1 year old now and no LE. I have mailed PNO multiple times but they just say that it can't be increased at this moment.

I already mentioned you can hope for decent limit not exactly got, credit limit depends on many factors.

 

[MSDfan]

Using Cashback card since 15 months with the initial limit of 10k. I am using around 20-30k every month with that card. And my SimplyClick card's limit is 200k.
Even after sharing my salary details of 100k, they are not increasing my limit saying internal policy. And they are not giving shared limit also... Weird algo!

 

[Riya]

Is SBI giving decent credit limit on cashback card currently. I have limit of 1lk on hdfc,axis and 3L limit on Amex cards. I am careful in applying as I doesn't want to get a card with 10-20k limit. Have anyone applied Recently?

SBI is extremely notorious for giving measly limits on its cashback credit card... people getting CC limit of 20-30-40k whereas they have other cards with limit in lakhs

 

[ak1423]

Using Cashback card since 15 months with the initial limit of 10k. I am using around 20-30k every month with that card. And my SimplyClick card's limit is 200k.
Even after sharing my salary details of 100k, they are not increasing my limit saying internal policy. And they are not giving shared limit also... Weird algo!

I think it is better to not activate it if we get 10-20k limit..cibil wil suffer due to utilisation

 

[MSDfan]

I think it is better to not activate it if we get 10-20k limit..cibil wil suffer due to utilisation

Even if I use full 10k also, my overall utilisation is around 2-3% only because of other loans & credit cards. So no issues with credit score.
And yes, those who have only 1 or 2 cards should not max out the 30% limit.