Need More Credit Just for a Big Purchase? Here’s How to Get a Temporary Limit Boost!

[Anindya98]

To get a temporary credit limit enhancement on your credit card for a larger purchase, especially when you already have the necessary funds in your savings account, here’s how you can proceed:

🔹 Steps to Request Temporary Limit Enhancement:​

1. Contact Customer Care

Call your bank’s credit card customer support and request a temporary limit increase. Be ready to explain:

• The reason for the increase (e.g., planned purchase or travel).
• That you have sufficient funds in your savings account.
• The duration for which you’ll need the higher limit (usually a few days to a month).

2. Apply Through Net Banking / Mobile App (If Available)

Some banks allow limit enhancement requests via:

• Internet Banking → Credit Card Section → Limit Management.
• Mobile Banking App → Credit Cards → Manage Limit or Service Requests.

3. Provide Proof of Funds (If Required)

If the bank asks for documentation:

• Share a recent savings account statement showing a sufficient balance.
• Mention that you're not seeking a permanent increase, only a temporary one for a specific transaction.

4. Ask About "Prepayment-Based" Purchases

Some banks allow you to temporarily preload or lien-mark funds from your savings account to support a higher transaction, especially for big-ticket purchases.

🔹 Pro Tips:​

• Always request the enhancement before attempting the transaction.
• Ask if there’s any impact on your credit score or fees.
• Confirm the duration of the temporary limit and ensure it reverts automatically.

Here’s how you can request a temporary credit limit enhancement for your credit card with ICICI, Axis, SBI, and HDFC, especially if you have sufficient funds in your savings account:

🔹 Temporary Limit Enhancement: ICICI Bank​

• ICICI generally does not offer temporary limit enhancements directly, but you can try these:
  • Call Customer Care at 1860 120 7777 (domestic) and explain your need.
  • They may allow a one-time high-value transaction upon verbal confirmation.
  • Ask if you can lien mark a fixed deposit or savings balance for a one-time enhancement.

🔹 Alternative:

• Create an FD and link it to get an instant card limit increase.
• Or use the PayLater or EMI option for the large transaction.

🔹 Temporary Limit Enhancement: Axis Bank

• Contact Customer Care at 1860 419 5555 or 1860 500 5555.
• You can also request via:
  • Mobile App → Credit Cards → Services → Request Credit Limit Increase.
  • Internet Banking → Cards → Credit Card → Services → Limit Management.

Note: Temporary enhancements are subject to internal eligibility and may require income proof.

🔹 Alternative:​

• Use the "One-Time High Transaction Allowance"—call them before swiping.

🔹 Temporary Limit Enhancement: SBI Cards

• SBI Cards does not usually allow temporary enhancements, but you can try:
  • Call SBI Card Helpline: 1860 180 1290.
  • Explain your need and that you have sufficient funds in your SBI account.
  • Sometimes, they allow pre-approval for a high-value transaction with real-time confirmation.

🔹 Online Method:

• Log in to SBI Card Website → Benefits → Card Limit Increase → Check Eligibility.

If eligible for a permanent increase, they may approve it instantly or allow a temporary setup.🔸

🔹 Temporary Limit Enhancement: HDFC Bank​

• HDFC doesn’t offer online temporary enhancements, but:
  • Call Customer Care: 1800 1600 / 1800 2600 or your regional helpline.
  • Request a manual approval for a large transaction.
  • If you have funds in your HDFC savings account, they may allow a one-time lien-based transaction or suggest a workaround.

🔹 Permanent Limit Increase:

• NetBanking → Cards → Request → Credit Limit Enhancement → Check eligibility.

✅ General Tips:

• Request at least 24–48 hours before the planned transaction.
• If needed urgently, visit your home branch (especially for HDFC and SBI).
• Have your latest income proof or bank statement ready in case they require it.

 

[Amit_1]

What is max percentage of the leveraged limit on the credit card?

I mean is there any criteria bound with credit card limit or one can have unlimited temporary credit limit on credit card !!

 

[Anindya98]

What is max percentage of the leveraged limit on the credit card?

I mean is there any criteria bound with credit card limit or one can have unlimited temporary credit limit on credit card !!

In most cases, it’s capped at under 50% of your existing credit limit. However, with certain super premium cards, the limit can go up to 2X to 20X.