ICICI Bank offers various types of credit cards to customers depending on their creditworthiness, eligibility, income level, etc. If you possess an ICICI Bank credit card and want to increase its limit, continue reading this article, which covers all details about ICICI credit card limit increase.
What is ICICI Credit Card Limit?
The ICICI credit card limit is themaximum amountthebank permits you to spend from your ICICI credit cardduring a particular billing cycle. The ICICI Bank determines the limit based on your credit score, income, repayment history, and other factors.
ICICI Bank provides three credit card limits for credit card users. They are as follows:
- Total Credit Card Limit
It is the total limit that you can utilise or spend on your ICICI credit card. The total credit card limit will be reduced when you utilise the card for financial transactions. Nevertheless, the limit will be restored when you clear the credit card dues.
- Available Credit Card Limit
The available credit card limit indicates the remaining balance on your card after your spending to date. Once you clear all your outstanding credit card dues, the available limit will increase and be equal to your total ICICI Bank credit card limit. Moreover, you can set the available limit on your card to enhance its safety.
- Cash Limit on Credit Card
Each ICICI credit card offers a certain percentage of the limit you can withdraw as cash for emergencies. Usually, ICICI Bank offers a cash limit of 20% - 40% of the total credit card limit, depending on your profile and credit card type.
How is the ICICI Bank Credit Limit Decided?
The ICICI Bank decides your credit card limit at the time of applying for it. Here are a fewfactors the ICICI bank considers when determining the credit card limit:
- Type of Card
ICICI Bank offers different credit cards depending on your requirements. For instance, if you opt for a basic card, its credit limit will be lower than the premium card. Hence, you must choose an ICICI Bank credit card to align your requirements.
- Debt Level
It is crucial to keep an eye on your debt level. If your debt-to-income ratio is low, the bank will doubt your creditworthiness and grant you a credit card with a lower limit. Hence, it is crucial to maintain a good debt-to-income ratio when applying for an ICICI credit card.
- Income Level
When you want to apply for an ICICI credit card, it is ideal to have a higher income level. The higher your income, the better your chances of getting an ICICI Bank credit card with a higher credit limit.
- Credit History
When you apply for an ICICI credit card, the bank will check your credit history. If your credit score is good and positive, the bank will trust you to sanction a credit card with a higher credit limit.
What is the ICICI Credit Card Age Limit?
ICICI Bank has set certain eligibility criteria for the issue of credit cards to its customers. One such factor is the age limit for applying for an ICICI credit card. You must beabove the age of 21 years to applyfor an ICICI credit card. Furthermore, themaximum age to apply for it is65 years.
How to Increase ICICI Credit Card Limit Online?
You can increase your credit card limit in ICICI Bankonline via theiMobile Pay app by following these simple steps:
Step 1: Download the iMobile Pay App and log in with your username and password.
Step 2: Open the ‘Cards, Loans and Forex’ section and select your ‘Card Number’.
Step 3: Go to the ‘Manage Card’ section and select the ‘Manage Credit Limit’ from the ‘More’ options.
Step 4: Choose the ‘Desired Credit Limit’ and click the ‘Submit’ button.
Within a few seconds, you will receive the confirmation message of your credit card limit increase, which you can use instantly for financial transactions.
How to Increase Credit Card Limit ICICI through Netbanking?
You can increase your ICICI credit card limit through thenet banking facility by following the steps below:
Step 1: Log in to theICICI net banking portal by entering your credentials.
Step 2: Click the ‘My Accounts’ section and select the ‘Credit Card’ option.
Step 3: Open the ‘Manage Credit Limit’ option and click ‘Go’.
Step 4: You will get the ‘Existing Credit Limit’ and ‘Maximum Credit Limit’ options. You can enter the desired credit limit under the ‘Desired Credit Limit’ option.
Step 5: After that, you receive an OTP on your registered mobile number to authorise the transaction.
Step 6: Enter the OTP and click ‘Submit’.
The bank will send you a confirmation message within a few seconds of the credit limit increase, which you can use for your next purchases.
How to Increase Amazon Pay ICICI Credit Card Limit?
You canincrease your Amazon Pay ICICI credit card limit through customer care service, internet banking, and mobile banking facilities. Follow the steps provided above to increase the limit through Internet banking and the iMobile Pay app. You can also call the ICICI Bank customer care number- 1800 1080 and request to increase the Amazon Pay ICICI credit card limit. The bank will evaluate your profile and increase the credit limit.
How to Check ICICI Credit Card Limit?
There arevarious methods available tocheck your ICICI credit card limit. They are as follows:
- Limit Check via SMS
You can check your ICICI credit card limit by sending an SMS to the bank from your registered mobile number. Send the following SMS to 9215676766: IBALCC <space> last 6 digits of credit card number.
- By Calling Call Customer Care
You can call ICICI Bank customer care to check your credit card limit. Call the ICICI Bank toll-free number at 1800 1080 and press the relevant number on the Interactive Voice Response (IVR) to know your credit card limit.
- Limit Check via Net Banking
You can check your credit card limit by logging in to your ICICI Net Banking account. After logging in, navigate to the ‘Credit Card’ section and select the credit card to view details such as the balance, total amount due, and limit.
- Limit Check via Mobile Banking
Another online method to check the credit card limit is through the iMobile Pay app. Login to the iMobile Pay app and navigate to the ‘Credit Card’ section to check the credit limit details and manage your credit card account.
- Limit Check via Credit Card Monthly Statements
ICICI Bank sends credit card holders their credit card monthly statements. In this statement, you will get various details about your credit card, including the credit limit, credit card balance, cash advance, etc.
You or the bank can initiate the ICICI credit card limit increase by following the above-mentioned ways. It will help you improve your credit score, make you eligible for a higher loan on credit card and permit you to upgrade to a premium credit card. Nevertheless, the bank will review your credit profile and history before sanctioning the increased credit limit.
Other ICICI Articles:
1. ICICI Net Banking, Online Banking, Login
2. How to Activate ICICI Credit Card?
3. ICICI Mobile Banking - How to Register, Login and Transfer Funds?
4. ICICI Credit Card Cash Withdrawal Charges
5. ICICI Bank Locker Charges
6. ICICI Net Banking Password Reset
7. ICICI Mobile Banking - How to Register, Login and Transfer Funds?
8. ICICI Net Banking
9. ICICI Bank Zero Balance Account Opening
10. ICICI Bank PPF Calculator
