HDFC Credit Card Limit - How to Increase & Benefits

HDFC Bank offers a plethora of credit cards to cater to varied financial needs of its customers. These cards come with a certain predetermined credit limit, which is the maximum amount of credit that the cardholder can get from the bank through a line of credit. 

HDFC credit card limit is decided on the basis of the cardholder’s income, credit limit on existing cards, previous credit records, and other eligibility factors. Below is the detailed information about HDFC credit card limit. 

Let's find out everything about the HDFC Bank credit card limit, including the HDFC credit card limit increase, how the credit limit is decided by the bank, and much more.

What is HDFC Credit Card Limit & How Does It Work?

HDFC credit card limit is the maximum amount available to the cardholder for making purchases or payments in during a given monthly credit cycle. When you make a transaction with your credit card, the amount is deducted from the credit limit extended to you by the bank. This amount is added back to your limit when you pay it back.

You can initiate spends and payments on your credit card up to the fixed monthly limit set by the issuer. Once this credit card limit is entirely utilised, any transactions conducted on your card will be declined by the card issuer.

For instance, let us assume your monthly HDFC credit card limit is Rs. 1,00,000. During a given month, you use your card to pay for utility bills, grocery expenditures, insurance premiums, online shopping, and other expenses. In total, you spend Rs. 60,000 on an average on your card in that month. This means you are still within your prescribed credit limit and you can charge expenses of up to Rs. 40,000 more on your card in that month since your maximum monthly credit card limit is Rs. 1,00,000. However, if your card spends exceed the maximum limit in that month, your transactions will be declined by the card issuer.

If you need more limit on your card, you ca request for HDFC credit card upgrade or limit increase. 

HDFC Credit Card Limit Types

When you get your HDFC credit card, three types of credit limits will be mentioned on your welcome document i.e. Total Limit, Available Limit and Cash Limit.

1. HDFC Credit Card Total Credit Limit

It is the maximum amount you can avail on your HDFC credit card. Each time you make a transaction using the card, your card’s limit will be deducted by the transaction amount and it will be added back as and when you pay your credit card bills.

2. HDFC Credit Card Available Credit Limit

It is the credit amount available for purchases as on a specified date. For instance, if the total credit limit on your HDFC credit card is Rs. 2 Lakhs and you make a purchase of Rs. 50,000, then your available credit card limit will be Rs. 1,50,000.

3. HDFC Credit Card Cash Limit

It is the amount included in your credit limit assigned to your HDFC credit card account. You can withdraw this amount as cash. However, you must be aware that credit card cash withdrawals attract interest charges and cash withdrawal fee. 

How Does HDFC Bank Determine Your Credit Card Limit?

HDFC like other credit card issuers assess various factors when deciding your credit card limit. These factors include:

• Credit score: The cardholder’s credit score is a 3-digit number from 300 to 900 points that gives card issuers insight into their creditworthiness. It gives a glimpse into the cardholder’s credit borrowing, managing, and repayment behaviour. People with a higher credit score usually get a higher credit limit. If you want a HDFC credit limit increase in the future, start improving your credit score now.
• Income: Your net monthly income plays an important role in determining your credit card limit offered by HDFC. Repaying your credit card dues on time, without any default or delay may increase your chances of getting HDFC limit increase when your income increases. 
• Existing debts: All credit card issuers take your existing debts into consideration, such as your ongoing loans, outstanding credit card balances, etc. while determining your credit limit. If your existing outstanding debts are higher, lenders will consider you a risky borrower, which results in getting a lower credit card limit.
• Payment history: Paying credit card bills timely and in full, makes you an ideal customer for credit card issuers. If you pay your entire dues in full by the due date, you are more likely to get a high credit limit.
• Employment stability: Being in a stable employment for a longer duration without any gaps also influences your credit limit assessment. Continuous lengthy employment and income shows lenders your ability to repay your bills on time, thus improving your chances of receiving a higher credit limit.

How to Check Your HDFC Credit Limit Online?

If you want to know how to check HDFC credit card limit, you can choose from different banking platforms as mentioned below:

• Internet banking: You can check your HDFC credit crd limit by loging into your HDFC internet banking account. You will find the credit card limit under the ‘Credit Card’ section.
• Mobile banking: You can download the mobile banking app of HDFC and log in to it to check your credit card limit under the ‘Credit Card’ section.
• IVR: You can call HDFC Bank’s customer care helpline number and follow the IVR instructions to know your HDFC credit card limit.
• SMS: You can send SMS in a predefined format to the following number to know your available credit limit. Type CCACL XXXX and send to 5676712 from the mobile number registered with the bank. Here, XXXX stands for the last 4 digits of your credit card number.

How to Increase Your HDFC Credit Limit?

If you want to know how to increase credit card limit HDFC, here are some tips that you can follow:

• Maintain a healthy credit score: Make sure that your credit score is always in a good health, preferrably above 750 points. It will increase your chances of getting a high credit card limit. You can achieve this by paying your card dues and loan EMIs on time, and not borrowing more than your capacity.
• Show all income proofs: Show proofs of your various income sources besides your monthly income. If you have other income sources like mutual funds, stock market investments, fixed deposits, freelancing income, etc., you can show them to the issuer get an enhanced credit limit.
• Show proof for an increase in income: Salaried individuals, mostly get an annual income raise by their employers. If you want a higher credit card limit, you can show proof of revised monthly income to the card issuer and request for a credit card limit increase. You may provide your recent salary slips as proof of increased income.
• Track your credit utilisation ratio: Make sure you maintain an average credit utilisation ratio of 30% to get a credit limit enhancement. Not using the entire credit limit shows that you are not extremely dependent on your credit card for managing your expenses.
• Apply for an additional credit card: You can apply for additional credit cards from other credit card providers if you are eligible. It will allow you to get a higher credit limit. However, make sure not to apply with different issuers simultaneously. It can make you appear credit hungry and effect your credit score.

FAQs

✅ How can I increase my HDFC credit card limit?

• Limit increase through net banking: You can also apply for an enhancement of your credit card limit via HDFC net banking by following the steps mentioned below:
  • Visit the HDFC Net Banking portal and login to your account with your Login ID and Password.
  • Next, click on the ‘Cards’ option.
  • Then click on the ‘Request’ tab. 
  • Select the ‘Credit limit enhancement’ option.
  • Mention your credit card number and proceed further.
  • The bank will verify your request and contact you.
• Limit increase by calling customer care: You can call HDFC Customer Care on the numbers mentioned below to request for a credit limit increase:
  • 61606161/ 6160616/ 1800 266 4332
  • The service is available 24x7.

✅ Can I spend more than my HDFC credit card limit?

No. Credit limit is your maximum spending limit on credit cards. For instance, if your HDFC credit card credit limit is Rs. 50,000, you can spend and use only Rs. 50,000 and not beyond that.

✅ How is the credit limit calculated?

Credit card providers check your credit reports and gross annual income to determine your credit limit. Issuers will consider various factors like your repayment history, the length of your credit history, the number of credit accounts, etc.

✅ Can the credit limit increase automatically?

Many credit card providers review accounts periodically and will automatically offer you an increased credit limit on meeting the defined criteria. However, cardholders must approve the limit enhancement offer to get it added to their existing limit.

✅ Will my credit score get affected if I enhance my credit limit?

No, your credit score does not get affected on getting credit card limit increase. 

✅ Will I be charged if I ask the bank to increase my credit card limit?

No, the bank does not levy any charges if you inquire the bank regarding the increase on your credit card limit.