Kotak Mahindra Bank Credit Card Limit
The limit on your Kotak Mahindra Bank credit is the maximum balance that is available for you. The bank will determine your credit card limit and you can always request the bank to increase it in the future. If you use your credit card to make a transaction that is over the credit limit, you will have to pay an over-limit fee and this will negatively impact your credit score. It can also reduce the chance of you getting a loan for a financial emergency.
Your creditworthiness will be high if you have a high credit score. The way you use your credit limit affects your credit score. This is because every month, the credit limit and credit utilisation ratio are being reported by the bank to the credit bureaus. If your credit utilisation ratio is high, then, your credit score will be low.
Total credit limit vs Available credit limit
While the total credit limit is the maximum amount that can get on the card, the available credit limit is the amount that you have on the credit card for making purchases (as on a specified date). When you cross the total credit limit, you will be charged a penalty by the bank. The fee is called an over-limit fee.
How is Kotak Mahindra Bank Credit Card Limit Decided?
The bank will determine the limit on your credit card based on a lot of factors:
Income | Your liabilities |
Your credit history | Your credit score |
Your age | - |
How Much Kotak Mahindra Bank Credit Card Limit Can You Use?
The credit utilisation ratio (CUR) is the amount of the credit limit you have used. If the credit utilisation ratio is very high, then a lot of banks will think you are credit hungry. This will in turn affect your credit score. If you have a low credit utilisation ratio, it will show lenders that you know how to manage your finances. It lets them know that you can repay the amount that you borrow.
Why you Need to Increase Your Kotak Mahindra Bank Credit Limit on Your Card
- Keep in mind that a high credit limit is always helpful when you have health and financial emergencies.
- If you have a high credit limit, it can reduce your credit utilisation ratio and this will give you a high credit score.
- A lot of credit cards that have high credit limit offer more benefits as compared to those that have a lower credit limit.
- A low credit utilisation ratio and a high credit limit, increases your chances of getting a loan or another credit card.
How can you Increase Your Kotak Mahindra Bank Credit Card Limit?
- Request the bank: You can always ask the bank to increase your credit limit. A lot of the banks will agree to increase the credit limit on your credit card based on the reason that you provide, and also your repayment history.
- Pay your bills on time: If you pay your bills on time and in full, most banks will increase the credit limit of your credit card automatically.
- New credit card: You can apply for a new credit card that has a higher credit limit as compared to your current credit card.
- Low CUR: If you use your credit card regularly and you do not have a high credit utilisation ratio (less than 30%), banks will increase your credit limit.
FAQs on Kotak Mahindra Bank Credit Limit
- Do I have an option to decrease the limit of my credit card?
Yes, you can always decrease your credit card limit. You will need to submit documents as proof and the bank will process them as soon as possible. The bank can also decrease your credit card limit if you are not able to pay the credit card bills on time or if you cannot fund yourself.
- Will the credit card limit be the same for everyone?
No, the card limit will be decided by the bank. This will be different and be set after the bank looks into your expenditure, income, and factors like repayment history and credit score.
- What are the main eligibility criteria for increase my credit card limit?
You should not have exceeded your credit card limit over the past years and should have also paid the entire credit card bill amount in full and on time.
- Will the add-on cardholder also get the same features and also the credit limit as the primary cardholder?
Yes, the add-on cardholder will get the features and credit card limit as the primary cardholder.
- How do I know about the latest status of my application to increase the credit limit?
The bank will keep notifying you regarding your application status. If Kotak Mahindra Bank rejects your request, then also the bank will send you an SMS.
- Do I need to submit all the self-attested documents to the bank?
The documents that you submit to the bank when you apply for an increase in credit limit needs to be self-attested.
Types of Credit Card
- Top 10 Credit Cards in India
- Fuel Credit Cards
- Lifetime Free Credit Cards
- Kisan Credit Card
- Student Credit Cards in India
- Shopping Credit Cards
- Contactless Credit Cards
- Travel Credit Cards
- Co-Branded Credit Cards
- Lifestyle Credit Cards
- Rewards Credit Cards
- Business Credit Cards
- NRI Credit Cards
- Cashback Credit Cards
- Lounge Access Credit Cards
Credit Card by Banks
- Axis Bank Credit Card
- HDFC Bank Credit Card
- Kotak Bank Credit Card
- Federal Bank Credit Card
- SBI Credit Cards
- HSBC Credit Card
- IndusInd Bank Credit Card
- RBL Bank Credit Card
- Standard Chartered Credit Card
- YES Bank Credit Card
- Canara Bank Credit Card
- Punjab National Bank Credit Card
- Bank of Baroda Credit Card
- IDBI Credit Card
- Union Bank of India Credit Card
- Bank of India Credit Card
Articles on Credit Card
- How to Check Credit Card Status
- How to Manage Multiple Credit Cards
- Best Credit Card for Poor Credit
- How to get Credit Card without Job
- Credit Card Insurance Benefits
- How to Apply for Lost Credit Card
- Reasons for Credit Card Rejection
- Advantages & Disadvantages of Credit Card
- Difference between Credit Card & Debit Card
Credit Card Customer Care
- SBI Credit Card Customer Care
- HDFC Bank Credit Card Customer Care
- Axis Bank Credit Card Customer Care
- Federal Bank Credit Card Customer Care
- IndusInd Bank Credit Card Customer Care
- PNB Credit Card Customer Care
- RBL Bank Credit Card Customer Care
- Kotak Credit Card Customer Care
- Yes Bank Credit Card Customer Care
- Standard Chartered Credit Card Customer Care
- Canara Bank Credit Card Customer Care
- HSBC Credit Card Customer Care
- Indian Bank Credit Card Customer Care
- Bank of Baroda Credit Card Customer Care
- Bank of India Credit Card Customer Care
- Union Bank of India Credit Card Customer Care
Credit Card Bill Payment
- Credit Card Bill Payment
- SBI Credit Card Bill Payment
- HDFC Credit Card Bill Payment
- Federal Bank Credit Card Bill Payment
- Axis Bank Credit Card Bill Payment
- IndusInd Credit Card Bill Payment
- Kotak Credit Card Bill Payment
- Standard Chartered Credit Card Bill Payment
- RBL Bank Credit Card Bill Payment
- HSBC Credit Card Bill Payment
- PNB Credit Card Bill Payment
- Canara Bank Credit Card Bill Payment
- Bank of Baroda Credit Card Bill Payment
- Bank of India Credit Card Bill Payment
- Union Bank Credit Card Bill Payment
Credit Card Eligibility
- Credit Card Eligibility
- SBI Credit Card Eligibility
- HDFC Credit Card Eligibility
- Federal Bank Credit Card Eligibility
- Axis Bank Credit Card Eligibility
- Yes Bank Credit Card Eligibility
- IndusInd Bank Credit Card Eligibility
- HSBC Credit Card Eligibility
- Kotak Credit Card Eligibility
- Canara Bank Credit Card Eligibility
- Standard Chartered Credit Card Eligibility
- RBL Bank Credit Card Eligibility
- Bank of Baroda Credit Card Eligibility
- Union Bank Credit Card Eligibility
Disclaimer
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2025 BankBazaar.com.