Kotak asking money for Credit Limit increase

[zoro]

The strangest of things happened today, I got an offer limit increase for my Kotak credit card, but to have the limit increase I need to pay a fee of 99+GST, I mean just why.

I used to have league card in the past(now closed) I had got multiple credit increase never had to pay a single rupee, along with the devaluations just when everyone is thinking what else can go wrong, Kotak has found a new way to do it

 

[elite34700]

That's kotak for you lol .

 

[prc1990]

The strangest of things happened today, I got an offer limit increase for my Kotak credit card, but to have the limit increase I need to pay a fee of 99+GST, I mean just why.

I used to have league card in the past(now closed) I had got multiple credit increase never had to pay a single rupee, along with the devaluations just when everyone is thinking what else can go wrong, Kotak has found a new way to do it

Kotak is like this since their bachpan 🦁.

 

[Rag]

this is a new height of banking fee and charges.. have increased CL multiple times from multiple credit card issuers in last decade , never heard fee for same.

 

[zoro]

That's kotak for you lol .

this is a new height of banking fee and charges.. have increased CL multiple times from multiple credit card issuers in last decade , never heard fee for same.

Exactly, this is just absurd.

 

[equalizer]

Dear Officer,

I hope this message finds you well. I am writing to inform you that I must decline your offer of an increased credit limit on my credit card. The reason for this decision is the processing fee requirement associated with the offer.

I find the expectation of paying a processing fee for this service to be unreasonable. I do not believe that charging such fees is standard practice. Therefore, I kindly request to maintain my current credit limit without any changes.

Thank you for understanding my perspective on this matter.

Best regards.

Sent To - k.vora@kotak.com, p.balgi@kotak.com, ceo@kotak.com, k.vora@kotakbank.com, p.balgi@kotakbank.com, ceo@kotakbank.com

Thank you, ChatGPT

 

[#aniket]

Dear Officer,

I hope this message finds you well. I am writing to inform you that I must decline the your offer of an increased credit limit on my credit card. The reason for this decision is the processing fee requirement associated with the offer.

I find the expectation of paying a processing fee for this service to be unreasonable. I do not believe that charging such fees is standard practice. Therefore, I kindly request to maintain my current credit limit without any changes.

Thank you for understanding my perspective on this matter.

Best regards.

Sent To - k.vora@kotak.com, p.balgi@kotak.com, ceo@kotak.com, k.vora@kotakbank.com, p.balgi@kotakbank.com, ceo@kotakbank.com

Thank you, ChatGPT

Remove "the" from second line.

 

[voygers]

Used WhatsApp banking to increase limit. No fee charged. Did on 3 cards.
From today no new customer on cc for kotak. RBI hold on new cc and digital banking customers.

 

[Riya]

The strangest of things happened today, I got an offer limit increase for my Kotak credit card, but to have the limit increase I need to pay a fee of 99+GST, I mean just why.

I used to have league card in the past(now closed) I had got multiple credit increase never had to pay a single rupee, along with the devaluations just when everyone is thinking what else can go wrong, Kotak has found a new way to do it

I also got the same message last month where limit would be enhanced for 99+gst...
Later I got an email that limit would be enhanced free of cost but on app it still showed charges, so I went with the enhancement and no charges were charged

 

[anonymuos]

I was shown charges within the app but finally waited and one day got an SMS clearly stating "0 additional charges". Then increased limit via Keya bot.

 

[Zacobite]

The strangest of things happened today, I got an offer limit increase for my Kotak credit card, but to have the limit increase I need to pay a fee of 99+GST, I mean just why.

I used to have league card in the past(now closed) I had got multiple credit increase never had to pay a single rupee, along with the devaluations just when everyone is thinking what else can go wrong, Kotak has found a new way to do it

its normal with kotak.. 99 is ok for LE.. if u get a decent increase..

 

[zoro]

its normal with kotak.. 99 is ok for LE.. if u get a decent increase..

In the past when I had credit limit increase of 2 lakhs from 1.92 to 3.92 nothing was charged this was in 2022 December now from 1.5 lakhs to 1.9 lakhs they're asking me to pay fee 😂

 

[stoptomove]

Some other banks doing this from long, heard about hdfc

 

[ssnthegenius]

The strangest of things happened today, I got an offer limit increase for my Kotak credit card, but to have the limit increase I need to pay a fee of 99+GST, I mean just why.

I used to have league card in the past(now closed) I had got multiple credit increase never had to pay a single rupee, along with the devaluations just when everyone is thinking what else can go wrong, Kotak has found a new way to do it

Was about the make the thread. Just imagine how many cc holders will click on "SUBMIT" button without reading the charges haha

 

[senasenthil]

Some other banks doing this from long, heard about hdfc

HDFC do not charge for credit limit increase, at least in the recent times

 

[stoptomove]

HDFC do not charge for credit limit increase, at least in the recent times

May be user specific

 

[MJN]

Dear Customer, As requested, Credit Limit on your Kotak Bank Credit Card ending xxxxx has been increased from Rs 250000 to Rs 312000 . Thank You.

No charge were charged - ITS PAID KOTAK IOCL

 

[real_name_hidden]

They've sent mail and increasing limit by 40000 but charging 100+ GST as processing fee.

I won't pay them a single rupee. Also don't care about their stupid limit as I find my existing limit decent

 

[Shubham Yadav]

LE k liye charges

Sahi thoka h RBI ne

 

[real_name_hidden]

LE k liye charges

Sahi thoka h RBI ne

Ha bhai. Par Aur thukai honi chye