How to Increase Flipkart Axis Bank Credit Card Limit

Of late, the Flipkart Axis Bank Credit Card has also gained immense popularity among multiple buyers in light of the reward and cashback benefits coupled with convenience. However, all credit cards have a preset credit limit that serves as a cap on the amount that one can spend using the card. As the expenses are mounting up, you would realise that the present credit limit offered would no longer be enough, and you would be in search of ways to increase this credit limit. 

In this article, we will let you know how you can increase the Flipkart Axis Bank Credit Card limit, how it can be useful, and the procedures as well.

Understanding the Credit Limit on the Flipkart Axis Bank Credit Card

The Flipkart Axis Bank credit card limit on a credit card is the maximum credit extended by the bank to you. It is rather like the maximum balance you can have on your card at any point without getting penalised. This credit limit may vary from person to person depending on factors such as:

1. Income: The higher that you bring in, the more you are likely to be approved for via a credit line because your financial income shows that you can pay back the amount.
2. Credit History: The bank will check your previous dealings with credit; if everything’s been fine, then paid on time and done responsibly, then you might be allowed to borrow a lot more.
3. Age: Sometimes, older people receive a bigger credit line because they have an older record for their own finances.
4. Liabilities: Other outstanding current liabilities that include debt, such as loans or other credit card balances, also determine your credit limit. Therefore, the higher you have your level of debt, the lower your credit limit.
5. Credit Score: A good credit score, above 750, is central when determining whether to give a higher credit limit. This will determine that you are credit-worthy enough.
6. Credit Utilization Ratio (CUR): This percentage of your available credit that you use. The greater your CUR, the more you probably rely on credit; a high CUR might make you receive a lower limit.
7. 💡 Tip: To manage your credit utilization more effectively and ensure your card stays under healthy usage thresholds, check out our article on Tips to Manage Current Outstanding in Credit Card.

Why You Should Increase Your Flipkart Axis Bank Credit Card Limit

There are many reasons why you must increase your Flipkart Axis Bank credit card limit. Underneath are some of the benefits:

1. Lower Credit Utilisation Ratio: This is quite significant in deciding the credit score. It decreases your CUR if you raise credit limits while not maintaining or even reducing the spending.
2. Financial Flexibility for Emergencies: If the Flipkart Axis Bank credit card limit offers a higher limit, then you can use that as a cushion in unforeseen medical expenditure or unexpected travel costs. This extra credit helps rescue you at times when you encounter urgent, high-cost situations.
3. Enhanced Creditworthiness: An increased credit limit improves your creditworthiness for other lenders. That is to say, it somehow proves that you are better at handling credit and, thus, getting loans or applying for more credit cards will be less complicated.
4. Larger Purchases and More Rewards: With a higher limit, you can make big-ticket purchases that would go over your credit limit if you merely had the lower credit limit. Moreover, because the Flipkart Axis Bank Credit Card limit offers rewards based on spending, a higher credit limit equates to more chances of earning cashback and other benefits.
5. Access to Premium Credit Cards: Most of the premium credit cards with exclusive rewards and other travel benefits require a raised credit limit. A higher Flipkart Axis Bank credit limit may make you eligible for premium cards.

How to Increase Your Flipkart Axis Bank Credit Card Limit

Having understood the advantages of a higher Flipkart Axis Bank Credit Card Limit, let’s explore the process to increase it. Axis Bank offers multiple convenient channels—such as internet banking, the mobile app, or customer support—through which eligible customers can apply for a higher Flipkart Axis Bank Credit Card Limit with ease.

1. Eligibility Criteria for Credit Limit Enhancement

Before you apply for a credit limit enhancement, you are required to fulfil these eligibility criteria:

• The credit card must be at least three months old.
• There should not be any kind of payment delay at any step in the history of the card.
• No credit limit must be increased, credit limit must not have been reduced, and no loan should have been availed through the card during the last six months.

If you fulfil all these criteria, then you can go ahead and apply for the credit limit increase.

2. Bank-Initiated Credit Limit Enhancement Offers

The credit cardholders under Axis Bank have their credit limits revised periodically. You may receive a call, SMS, or email from the bank claiming that you are eligible for an enhancement. Here is how it works:

• Accept the Offer: When you receive an offer to raise the credit limit, convey acceptance through any channel of communication, be it a phone or, an SMS, or otherwise, visit their websites.
• Confirmation: Once you accept the offer, the bank usually completes the request on the same working day. You would receive a confirmation message on your registered mobile number and email after credit limit increment.

3. Self-Initiated Credit Limit Enhancement Requests

If you are not receiving any notification from the bank and are satisfied that you qualify for a limit increase, you can take the initiative to apply for a credit limit increase in the following ways: 

• Through Internet Banking: If you have signed up for internet banking for your Flipkart Axis Bank credit card, log on to your account, check on eligibility, and apply for an increase in credit limit online.
• Axis Mobile App: You can apply online for an upgrade of the limit from the Axis Bank mobile app, provided you log into the app with your details in Net Banking and thereby check if you qualify for it to apply further.
• Customer Service: You can call the customer service number of Axis Bank credit card at 1860-419-5555 or 1860-500-5555. Over a phone call you can inquire about your eligibility and request a credit limit upgrade.
• Email Request: You can also send your request from creditcards@axisbank.com, asking for a credit limit increase. You must mention your card number and the registered mobile number for verification.

4. Required Documents (If Not an Axis Bank Customer)

If you have no pre-existing account with Axis Bank (if you do not have a savings account, for example), you may be required to provide some of the below-mentioned documents along with the request for a limit enhancement:

• Salaried Individuals: The last two months’ salary slips from your employer.
• Self-Employed Individuals: Your latest Income Tax Returns (ITR).

Conclusion

Increasing your Flipkart Axis Bank Credit Card Limit is a smart financial move that offers greater flexibility, improved credit scores, and access to better rewards. By following these 5 easy and effective ways to increase your Flipkart Axis Bank Credit card limit, you not only unlock more spending power but also enhance your overall creditworthiness. Whether you’re aiming to lower your credit utilization ratio or planning big purchases, a higher Flipkart Axis Bank Credit Card Limit can make all the difference. So take the steps today and enjoy the full benefits of an upgraded Flipkart Axis Bank Credit Card Limit.

Read More:

• How to Activate Flipkart Axis Bank Credit Card
• How EMI Works on a Credit Card

FAQs on Flipkart Axis Bank Credit Card Limit