#2 Your CIBIL Score:Įverything should be fine if your CIBIL score is 750 or above. For self-employed, suppose you’ve filed an income of Rs.5 lakhs for last financial year, you can expect 1 Lakh – 2 Lakhs as credit limit as Business cards usually gets better limit for obvious reasons. Suppose your salary slip shows Rs.50,000 per month, you can expect Rs. Usual credit limit is 2X or 3X of your monthly income. Major Factors Influencing your Credit Limit: #1 Your Income/Salary: One reason is that bank discourages their people in exposing this limit to customers, another reason is that there are quite a lot of factors affecting the bank’s decision which the sales people can never understand.īelow are some of the factors affecting your credit limit when you apply for a new credit card. You might have asked this question to ‘N’ number of bank employees, “What will be my credit limit if i apply for this card?” and everyone will say that they have no idea. Factors Influencing Your Credit Card Limit
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