I want to know what is the maximum limit of credit card in India? give me the highest credit card limit detail.
Dear Jaya, in India, there is no set maximum credit card limit from the RBI. Banks decide it for each person after checking income, credit score, repayment history and how they use credit.
Usually, banks will keep the limit at around twice your monthly income. It can range from thousands to lakhs. For others with higher income and an excellent track record, it can go up to crores.
A higher limit will give you more spending power. However, I will always recommend not considering that as an invitation to spend it all. If you use too much of your limit, your credit score can drop. This will have less room for emergencies.
If you want to increase your credit limit, pay your bills on time, keep your credit utilisation low and share updated income details with the bank.
When I followed these and built trust, banks were much more willing to raise my credit limit.