I am opening this up for discussion, given super premium/premium cards are expected to have certain level of credit limit.
Back in July 2023 I received ICICI Amazon Pay Card (based on fellow forum member's recommendation) with a limit of INR 11L.
This week (October 2, 2023) I applied for ICICI cards online for ICICI specific discounts (which APAY card is ineligible for). On the online application I was offered LTF Sapphiro. There were multiple cards offered on LTF basis. I also saw Emeralde cards but I don't understand if ICICI cards are worth any benefits at this point looking at their competitors.
October 4th I could see the Sapphiro card on mobile app with limit of INR 25.90L.
October 6th, I received the LTF Sapphiro card.
TL'DR;
ICICI APAY card (July 2023) = INR 11L
ICICI Sapphiro LTF (October 4, 2023) = INR 25.9L
This delta between two cards makes no sense. Please note that I have cards from other banks too.
I recently read an article about the rising credit card debt in India. Looking at this limit offer, I certain this trend is true!
Please let me know if you too have received credit card limit that is beyond reasonable for salaried folks.
Back in July 2023 I received ICICI Amazon Pay Card (based on fellow forum member's recommendation) with a limit of INR 11L.
This week (October 2, 2023) I applied for ICICI cards online for ICICI specific discounts (which APAY card is ineligible for). On the online application I was offered LTF Sapphiro. There were multiple cards offered on LTF basis. I also saw Emeralde cards but I don't understand if ICICI cards are worth any benefits at this point looking at their competitors.
October 4th I could see the Sapphiro card on mobile app with limit of INR 25.90L.
October 6th, I received the LTF Sapphiro card.
TL'DR;
ICICI APAY card (July 2023) = INR 11L
ICICI Sapphiro LTF (October 4, 2023) = INR 25.9L
This delta between two cards makes no sense. Please note that I have cards from other banks too.
I recently read an article about the rising credit card debt in India. Looking at this limit offer, I certain this trend is true!
Please let me know if you too have received credit card limit that is beyond reasonable for salaried folks.
