It is known that credit card limit is decided by the bank as per type and eligibility of customers. If someone is applying for the first time then bank offer them low credit limit as their tenure increases bank allow them to increase their transaction limit that will help them to transfer amount as per their requirement. Basically limit increasing is relying on user’s habit of using credit card. Customer can also apply for increasing limit of their credit card then according to policy following things will be required

Proof of Income

Availability of documents that prove your income and source of income and will be based on final ITR filed by you also remember that if your salary increase after filing ITR then it will be necessary to show last month salary slip.

Reduce your liabilities and Inform to Card issuer

While finalizing customer request regarding increasing limit of credit card then liability of existing customer also matter and it will help customer if individual have reduced their credit limit. Reduction of liability depends on current status of repayment of existing loan.

Follow Regular Repayment Habit

It is advised that customer must exhaust limit of credit and then repaying amount on time will give positive financial discipline. Regular and on time repayment allow banks to increase the credit limit of bank.

Apply for Higher Priority Based Card

Sometime bank allow issue card with basic facilities if you are new user, as these cards cost low and offer limited privilege for user. If customer want to increase the credit limit then request can be processed then bank will validate current financial condition of customer then increase limit accordingly.

Use Card while Traveling to Abroad

Maximum number of credit card offer the facility of discount while traveling to abroad and customer must utilize them to earn maximum rewards and add on benefits and at the same time this is one of the best chances to increase limit of credit card. Generally in this type of situation bank approve the request of customers. Before processing for limit up gradation customer must ensure that their credit and cibil score is higher, better transaction record, spending habits along with income and their valuable points these facts will make you’re processing smoother and easier.