Your Axis bank credit card limit may depend upon various factors.
Some of these factors are Axis Credit Card Limit:
Credit History:
This is one of the most crucial factors for evaluating your credit card limit. A good credit score signifies that you can repay the credit on time and have been consistent with the repayment. Thus a higher limit may be offered to you for your credit card. If you are availing a credit card for the first time the limit available to you may be less and there is no prior credit history.
Income and Debts :
The income debt ratio is described as how you manage the debts with the given source of income. Availability of a credit card is an important tool to assess the capability of the individual to repay the debt with the given income.
There are three types of limits that are offered on your Axis Bank cards
Total Credit Limit:
This is the total amount that you can spend on your Axis bank Credit card. The total limit decreases as you use the credit card and gets restored while you pay the bill monthly. If the total limit is Rs. 1 lakh then, the maximum amount that you can spend on your card is Rs. 1 lakh.
Available Credit Limit:
This limit is a credit limit that is available to you on a specified date while using the card. For example, if the total credit limit is Rs. 1 lakh, you have already spent Rs. 60,000 then the available credit limit is Rs. 40,000.
Card Cash Limit:
This is called the limit that one can encash as a part of the total available credit to them in case of emergencies. However, there are charges that are levied on withdrawing the cash amount. Generally, 20%-40% is available as the cash card limit for credit cards.
FAQs
It is the amount that you can spend and is best known to keep a check on your finances. The bank establishes this limit based on certain factors, such as your income, credit history, and card type. You can also increase the limit by responsibly managing your expenses.
What is the maximum credit limit on a credit card in India? ›
While the Reserve Bank of India (RBI) has not set a specific limit for credit cards, it has established guidelines for banks and other issuers to follow. Generally, the credit limit for a credit card should not exceed twice an individual's monthly income.
What is the credit limit of Axis Privilege credit card? ›
The Axis Privilege credit card limit can vary from Rs. 25,000 to Rs. 5 Lakhs, depending on the CIBIL score of the applicant. You can request an increase in your Axis Bank Privilege credit card limit after one year of diligent usage.
What is Axis Bank limit? ›
For example, Axis Bank sets a daily ATM withdrawal limit that ranges from ₹20,000 to ₹50,000, depending on the account type and customer profile. These limits can vary for transactions at different ATM branches, with certain premium accounts offering higher withdrawal capabilities.
What is the highest credit limit for a credit card? ›
The highest credit card limit you can get is over $100,000 according to reports from credit card holders. But like most credit cards in general, even the highest-limit credit cards will only list minimum spending limits in their terms. The best high limit credit cards offer spending limits of $10,000 or more.
Is 20k credit card limit good? ›
Yes, $20,000 is a high credit card limit. Generally, a high credit card limit is considered to be $5,000 or more, and you will likely need good or excellent credit, along with a solid income, to get a limit of $20,000 or higher.
What is maximum credit balance limit? ›
A credit limit is the maximum amount of money a lender will allow you to spend using a particular credit card or revolving line of credit. Lenders set those limits based on several factors, including your credit score, personal income, and loan repayment history.
Which credit card has a 10 lakh limit? ›
Forbes Advisor Ratings
| Best High Limit Credit Cards | Forbes Advisor Rating | Credit Limit |
|---|
| Infinia Credit Card | 4.0 | Up to 10 lakh |
| Flipkart Axis Bank Credit Card | 4.0 | Up to 5 lakh |
| HDFC Regalia Credit Card | 3.5 | Up to 5 lakh |
| Axis Magnus Credit Card | 3.0 | INR 5 lakh |
1 more rowFactors that influence your credit card limit
The credit card limit for Rs. 50,000 salary earners would approximately amount to Rs. 1 to 1.5 lakh. Creditworthiness: A healthy credit score enhances your chances of a higher limit.
Which credit card has 2 lakh limit? ›
Both Bajaj Finserv DBS Bank Credit Card and Bajaj Finserv RBL Bank SuperCard offer a limit of up to Rs. 2 lakh. What does a credit limit for cash mean? A credit limit for cash, often referred to as a cash advance limit, is the maximum amount of cash you can withdraw from your credit card as a loan.
Summary of The Best Axis Bank Credit Cards 2024
| Policy Name | Forbes Advisor India Rating | Welcome Benefits |
|---|
| Axis Bank Neo Credit Card | 3.5 | Vouchers and subscription |
| Axis Bank My Wings Credit Card | 3.5 | Nil |
| Axis Bank Select Credit Card | 3.0 | Amazon voucher |
2 more rowsThere are two credit cards from Axis Bank that come under the Lifetime Free credit card scheme. They are - Axis Bank Select credit card and Axis Bank Insta Easy credit card.
How do I know my Axis Credit Card limit? ›
1. Log in to the cardholder portal or mobile app: Use your credentials to access your account. 2. Navigate to account summary: This section displays your current balance, available credit, and total credit limit, helping you to check your Credit Card limit effortlessly.
What is the payment limit of Axis card? ›
Daily withdrawal limit of Rs. 50,000 and purchase transaction limit of Rs. 2,00,000.
What is Axis Bank Credit Card over limit facility? ›
The Bank may approve certain transactions attempted by the Cardholder which can breach the Page 5 Credit Amount exceeds the Credit Limit, an over-limit fee of 3% of the over-limit amount (subject to a minimum of Rs. 500) will be levied. Over-limit status may occur because of fees or interest charges.
What credit card has a $100,000 limit? ›
On our list, the card with the highest reported limit is the Chase Sapphire Preferred® Card, which some say offers a $100,000 limit. We've also seen an advertised maximum credit limit of $100,000 on the First Tech Odyssey Rewards™ World Elite Mastercard®, a credit union rewards card.
Is $25,000 a high credit card limit? ›
Generally, a high credit card limit is considered to be $5,000 or more, and you will likely need good or excellent credit, along with a solid income, to get a limit of $25,000 or higher.
How to get a $50,000 credit card limit? ›
If you have excellent credit, high income and low credit utilization among other variables, issuers may offer you a credit line of $30,000 to $50,000. However, it's possible credit issuers offer a credit limit even higher than that.
What is the maximum limit of one card credit card? ›
Credit Limit of OneCard
The credit limit of One Card is not fixed and it depends on your Cibil Score and income. If you have a Cibil Score of 750 and above and a high income then you will get a high credit limit on OneCard. A high Cibil Score also gets a quick approval for the credit card.
Fees & Charges for RuPay Platinum Debit Card
| Card Platform | RuPay Platinum |
|---|
| Replacement Fee | Rs. 200 |
| ATM Withdrawal Limit (Per Day) | Rs. 40,000 |
| Purchases Limit per day | Rs. 2,00,000 (Rs. 1,00,000 for RuPay Republic Platinum Debit Card holder) |
| Lost Card Liability | Rs. 50,000 |
5 more rowsA good credit score will reward you with an average limit of around $7,000. Those with the best credit scores are treated to average limits of around $11,000. A low credit limit may feel like a constraint but starting off with too high of a credit limit is like learning to swim in the deep end of a pool.
