BOB offering 20% limit increase

[anirban.choudhury]

Auto LE offer from BOB

 

[CC-Muncher]

If LTF, what's the harm ?

Which highest variant is truly LTF

 

[pprakash11]

Which highest variant is truly LTF

PREMIER.

 

[CC-Muncher]

If LTF, what's the harm ?

How many times did you use it so far during offer days

 

[amit]

Which highest variant is truly LTF

Premier.

 

[bhavik886151]

Is it worth to hold it just for flipkart amazon cashback offers?

Its LTF and get offer 2-3 times a year on Flipkart Amazon so holding it

 

[bhavik886151]

How many times did you use it so far during offer days

Almost every time

 

[bhavik886151]

If LTF, what's the harm ?

yes it is LTF

 

[pprakash11]

yes it is LTF

Same. PREMIER LTF.

 

[hks789]

Higher credit limit , won’t affect your debt to income ratio.
Debt to income is the amount of emi/fixed loan that you pay against your income
A credit limit is not a debt , but yes if you utilise the amount and then convert the same into EMI then it falls under debt and only then will impact your debt to income ratio

Technically, it's not a debt, but you have the potential to be in that debt. That is why I mentioned the time frame: if you keep the higher limit and lower utilization for longer periods, the bank will consider you as a person with credit discipline.

But if you have acquired that limit in a short span of time, you are potentially a risk for new lenders.
Banks do consider the current limit and your annual income when calculating the limit for their product.
For people with relatively lower credit histories, if they already have a higher limit w.r.t annual income, limits for new products will be lower.

 

[anirban.choudhury]

Technically, it's not a debt, but you have the potential to be in that debt. That is why I mentioned the time frame: if you keep the higher limit and lower utilization for longer periods, the bank will consider you as a person with credit discipline.

But if you have acquired that limit in a short span of time, you are potentially a risk for new lenders.
Banks do consider the current limit and your annual income when calculating the limit for their product.
For people with relatively lower credit histories, if they already have a higher limit w.r.t annual income, limits for new products will be lower.

For credit limit allocation debt to income is not that important , but what matters their is debt to credit ratio which is your credit utilisation .

Generally if you have higher limit on your card , even if you got that in shorter time frame , generally people ask for LE to multiple banks once there has been a substantial increase in their income in that case at shorter time frame your limit would shoot up , which is perfectly OK .

The only thing that matters here is credit utilisation , a higher utilisation will indeed give lower limits , but a higher credit limit with very less utilisation will give higher limits in future cards or loans

 

[rockking1994]

Tried to opt for the limit enhancement but then encountered an error looks like the feature is not ready yet.

Try checking the bobcard app mine was the same error but the appshowed enhanced limit

 

[rockking1994]

I got an LE offer to it went from 32500 to a Wapping 42250 that is a 30% increase

 

[srichaitanya]

No limit Enhancement offer for me.

 

[CC-Muncher]

LTF offer is gone

 

[Avangerritesh]

No limit Enhancement offer for me.

Same for me card 8 months old

 

[Strange]

Has anyone received credit limit increase offer this year?

 

[amit]

no . 0 .

 

[Ak Singh]

no . 0 .

Which bob credit card is best as Ltf.
And which bob cc is best as paid.also?

 

[raghu.rokda]

Which bob credit card is best as Ltf.
And which bob cc is best as paid.also?

Premier LTF is best..
Snapdeal is best as paid but nowadays they give virtual snapdeal card LTF as additional card

 

[Strange]

Has anyone received credit limit increase offer this year?

@Shubham Yadav @anirban.choudhury @VISHESH_BANSAL @Harry1