Kotak cc issued with very low limit

[Rahul Gupta]

Kotak approved my league platinum application today and when i checked the limit i was shocked its just 25k. So i am thinking to cancel the card. Should i cancel it or not? Its LTF btw.

 

[Rahul Gupta]

@HyperBeast
@Abhishek012
@Batmanbaba
@Wealth is my birth right!

 

[Deleted member 7241]

Kotak approved my league platinum application today and when i checked the limit i was shocked its just 25k. So i am thinking to cancel the card. Should i cancel it or not? Its LTF btw.

Don't Close...Just Wait... Every 6 months bank gives LE. ( massive LIMIT enhancement )


Earlier My Credit Limit Was 88000 and Now more than 8 Lakhs ..

Started Journey With Legend LTF and Now they Approved White Reserve Card..

Kotak's Support is Just awesome

 

[Wealth is my birth right!]

Kotak approved my league platinum application today and when i checked the limit i was shocked its just 25k. So i am thinking to cancel the card. Should i cancel it or not? Its LTF btw.

Since it’s ltf no need to close
Some banks have algorithms designed like if we don’t use card they give good offers as well as upgrades so hold it
In my portfolio also couple of ltf there which I hardly use for 100 rupees spending once in 6 months
Those 2 are icici coral and IndusInd legend

 

[rp0703]

Kotak approved my league platinum application today and when i checked the limit i was shocked its just 25k. So i am thinking to cancel the card. Should i cancel it or not? Its LTF btw.

Don't close it since it's LTF. I also got the limit of 38K but it has been increased to 92K last month.

 

[Mr. Aman]

I'll have kotak pvr platinum CC
i want to upgrade them in batter one
suggest some please

 

[shubham0976]

Don't close it since it's LTF. I also got the limit of 38K but it has been increased to 92K last month.

We have received your Kotak Bank Credit Card application no Xxxxxxxxx. Please give us 7 days to process. Click www.kotak.com/rd/tkappl to check the application status.

How much time they will take??

 

[Rahul92]

Don't Close...Just Wait... Every 6 months bank gives LE. ( massive LIMIT enhancement )


Earlier My Credit Limit Was 88000 and Now more than 8 Lakhs ..

Started Journey With Legend LTF and Now they Approved White Reserve Card..

Kotak's Support is Just awesome

What is your usage pattern ?

 

[rp0703]

We have received your Kotak Bank Credit Card application no Xxxxxxxxx. Please give us 7 days to process. Click www.kotak.com/rd/tkappl to check the application status.

How much time they will take??

Depends. If you have account with them, then they might process it quickly. Otherwise might take 5 to 6 days or more.

 

[Gautham]

Kotak approved my league platinum application today and when i checked the limit i was shocked its just 25k. So i am thinking to cancel the card. Should i cancel it or not? Its LTF btw.

Dont close it. They are very good at LE. Me too got platinum league with 25k limit 2 years ago. My current limit is 3.5 Lakhs.

 

[Rahul Gupta]

We have received your Kotak Bank Credit Card application no Xxxxxxxxx. Please give us 7 days to process. Click www.kotak.com/rd/tkappl to check the application status.

How much time they will take??

24 hours after this message.

 

[Rahul Gupta]

Don't Close...Just Wait... Every 6 months bank gives LE. ( massive LIMIT enhancement )


Earlier My Credit Limit Was 88000 and Now more than 8 Lakhs ..

Started Journey With Legend LTF and Now they Approved White Reserve Card..

Kotak's Support is Just awesome

Whats your usage pattern bro?

 

[Rahul Gupta]

Since it’s ltf no need to close
Some banks have algorithms designed like if we don’t use card they give good offers as well as upgrades so hold it
In my portfolio also couple of ltf there which I hardly use for 100 rupees spending once in 6 months
Those 2 are icici coral and IndusInd legend

ok. I wish they have added my hdfc cc details in their form. Their was a section for existing credit card in the form.

 

[Rahul Gupta]

Don't close it since it's LTF. I also got the limit of 38K but it has been increased to 92K last month.

After how long bro? and whats your usage pattern.

 

[Rahul Gupta]

Dont close it. They are very good at LE. Me too got platinum league with 25k limit 2 years ago. My current limit is 3.5 Lakhs.

Can you share your usage pattern.

 

[Rahul Gupta]

Guys one good thing is kotak didn't do any cibil enquiry for this card amazing.

 

[Rahul Gupta]

Since it’s ltf no need to close
Some banks have algorithms designed like if we don’t use card they give good offers as well as upgrades so hold it
In my portfolio also couple of ltf there which I hardly use for 100 rupees spending once in 6 months
Those 2 are icici coral and IndusInd legend

Should i try card to card after closing this one? maybe ill get decent limit at start and eventually great limit later.

 

[Rahul Gupta]

Don't Close...Just Wait... Every 6 months bank gives LE. ( massive LIMIT enhancement )


Earlier My Credit Limit Was 88000 and Now more than 8 Lakhs ..

Started Journey With Legend LTF and Now they Approved White Reserve Card..

Kotak's Support is Just awesome

btw how do i confirm LTF status. While applying it showed me zero joining and annual fees but later after applying i got reference form in mail showing 499 annual fees. which one is correct?

 

[rp0703]

After how long bro? and whats your usage pattern.

Very minimal. Card is six months old and only did 4-5 transactions. I have also got upgrade offer but all cards are paid, so I didn't upgrade it.

 

[rp0703]

btw how do i confirm LTF status. While applying it showed me zero joining and annual fees but later after applying i got reference form in mail showing 499 annual fees. which one is correct?

Call customer care.