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SBI Credit Limit

SBI Credit Card Limit

Last Updated 25th Nov 2020

SBI credit card limit is the maximum amount that you can spend with your SBI credit card.

SBI Credit Card Limit Types
  • Total Credit Limit
  • Available Credit Limit
  • Cash Limit
SBI Credit Card Limit Factors
  • Credit Score
  • Income-Debt Ratio
  • Other Credit Cards
SBI Credit Card Limit Check
  • Mobile/Internet Banking
  • Customer Care
  • Visiting SBI
Apply for Credit Card

SBI Credit Card Limit

A SBI credit card offers too many benefits to be ignored. From purchasing expensive gadgets to making our dream trips to fulfilling our basic needs such as shopping online, settling utility bills, SBI credit card is one of the most convenient methods of making payments. To make any transactions against your SBI credit card, you need to have an eligible credit limit for your cards. SBI credit card limit is the maximum amount that you can spend with your SBI card and is dependent on various factors such as income, previous credit cards, repayment capacity etc.

Types of SBI Credit Card Limit

These are 3 types of SBI credit card limit that you can get with your SBI credit card.

SBI Card Total Credit Limit

SBI card total credit limit is the maximum credit amount that you can spend with your SBI credit card. The total credit limit reduces as you make any transactions against your SBI credit card and similarly also gets restored as you make credit card bill payment.

For instance, if the total credit limit against your SBI card is ₹ 1 Lakh, then it means that you can spend up to ₹ 1 Lakh against your SBI credit card.

SBI Card Available Credit Limit

SBI card available credit limit is the credit limit on the specified date. For instance, if the available credit limit against your SBI card is ₹ 1 Lakh, and you have spent ₹ 60,000, then the SBI card available credit limit is ₹ 40,000.

SBI Card Cash Limit

SBI card cash limit is a component of total credit limit that can be withdrawn as cash for emergency use. However, it attracts the applicable SBI Credit Card Cash withdrawal charge and fee.

For instance, if the available credit limit against your SBI card is ₹ 1 Lakh, then the SBI generally provides 20%-40% cash limit, depending on your profile and type of credit card that you have availed.

Factors that Decide SBI Credit Card Limit

Below mentioned are the factors based on which SBI determines your credit card limit:

  • Credit history: The first and foremost factor that SBI evaluates as it receives your credit card application is your credit history. If you have a good credit score, it signifies that you can repay the credit on time and hence you will be provided with a higher credit limit and similarly vice-versa. Borrowers with no credit history also get lower credit limits against their SBI credit cards.
  • Income and Debts: The debt-income ratio is another crucial factor that SBI evaluates before determining the credit limit. The amount of existing debts and how you manage with your income sources helps in deciding the SBI credit limit. The lower your debt-income ratio is, the higher will be your credit limit and similarly vice-versa.
  • Limits on other credit cards: SBI also determines the credit card limit based on other credit cards. For instance, you have a platinum credit for another bank. It is quite apparent that you have a high credit limit as available against regular credit cards.

How to check SBI Credit Card Net Banking Credit Card Limit?

If you want to check your eligibility on SBI credit card, you can log in your SBI net banking account or SBI mobile application and can check the credit card limit on the dashboard. However, if you don’t have a mobile banking or internet banking account, you can also check your SBI credit card limit by calling SBI customer care or either you can visit the nearest SBI .

How to Increase SBI Credit Card Limit?

Once you have checked your eligibility and want to increase credit card limit on your SBI card, you can either avail SBI ‘Limit Enhancement’ feature on your existing card, or else you can upgrade to another SBI credit card through ‘Card Upgrade’ feature. In case, you want to assure your eligibility for the credit limit on your card; you can also provide additional information to SBI. SBI allows for an annual increase in credit limit if you have repaid all your dues on time and have a good credit score.

To increase your credit card limit through any of the features as mentioned earlier, you can apply for the same by the following methods:

  • Apply through Net Banking
  • Call SBI Customer Care
  • Visit SBI nearest branch
  • SBI approaches you

SBI Credit Card Limit Increase via Net Banking

To increase SBI credit card limit via net banking, you need to follow the below-mentioned steps:

  • Login to your SBI net banking account. On the homepage of your credit card, click ‘Credit Card- Card Upgrade with Enhancement’.
  • Choose your SBI card and click on the ‘Continue’ button.
  • If your card is eligible for enhancement, you will find a pop-up message displaying the applicable credit limit.
  • Once you know all the details, you can check about the features of the new credit card if you are eligible for the same and can upgrade your card.
  • Finally, the lender will approve your card and the same will be dispatched to your registered address within 7 to 10 working days.
  • All the rewards, dues and transactions, etc., will finally be transferred to the new card. However, in the case of only limit enhancement, the limit will be extended for the same card.

SBI Credit Card Limit Increase by calling Customer Care

If you don’t have a SBI net banking account, you can also request for SBI credit limit increase by calling SBI customer care on the number mentioned below. The number is available 24*7 including on Sundays and Bank holidays.

SBI Customer Care number is . 180-011-2211/ 1800-425-3800

FAQs

How can I know my SBI credit card limit?

If you want to check your eligibility on SBI credit card, you can log in your SBI net banking account or SBI mobile application. In case you don’t have a mobile banking/ internet banking account, you can check your SBI credit card limit by calling SBI customer care.

How can I increase my SBI credit card limit?

You can increase your SBI credit card limit by applying for Limit Enhancement/Card Upgrade through the methods mentioned below:

  • Apply through Net Banking
  • Call SBI Customer Care
  • Visit SBI nearest branch
  • SBI approaches you

How is the credit limit calculated?

SBI calculates credit card limit by evaluating your credit history based on your credit score, your debt-income ratio and other credit cards that you have availed.

Can I spend more than the limit?

No, you can only spend up to the total credit card limit of your SBI card. However, SBI may approve your over-the limit transaction if you have a good credit history and repayment track record.


SBI Credit Card News - Nov 2020
  • 2020-11-25 : Contactless payment by Mastercard on the SBI Card App
    The introduction of their contactless payments on the SBI Card app was announced today by Mastercard and SBI Cards. It is the first credit card issuer app in India to use the Mastercard Digital Enablement Service, tokenization network of Mastercard. In this programme, customers need not carry physical cards and can use their mobile devices to shop at any contactless point of sale terminal. So, with only a tap on their cell phone, cardholders can pay up to ₹ 2,000, and for payments above ₹ 2000, cardholders will have to enter the PIN.
  • 2020-11-11 : SBI to focus on financial inclusion
    SBI is planning to increase the share of its newly created business vertical, financial inclusion and micro-markets from the current 12% to 20% by March 2022. The bank recently created a separate FI&MM vertical within the bank with an aim of financial inclusion of rural and semi-urban areas to improve customer experience in the hinterland.
  • 2020-11-05 : SBI net profit rises to ₹4,574 crores in Q2
    SBI September quarter net profit jumped 52% year-on-year to Rs 4,574.16 crore as the provisions declined during the quarter. Credit growth for the bank logged an improvement of 6.02% over the previous year driven by home, personal, car, two-wheeler and gold loan along with mudra and business loan. Total advances at the end of Q2 were at Rs 23.83 trillion. Further, total Deposits which includes fixed and recurring deposits grew at 14.4% on a yearly basis to Rs 34.70 trillion, out of which current account deposit grew by 8.55% YoY while saving bank deposits grew by 16.28 per cent YoY.
  • 2020-11-05 : SBI Card and Paytm launch credit cards
    SBI Card launched credit cards in partnership with the digital payment platform Paytm. The partnership launched Paytm SBI Card and Paytm SBI Card SELECT. The joint venture is aiming to offer customers tailored products which bring maximum value in line with spending needs and to encourage digital forms of payments for a safe and enhanced customer experience.
  • 2020-09-30 : SBI in tie-up to offer digital payment solutions to HUL retailers and distributors
    State Bank of India (SBI) and Hindustan Unilever Ltd (HUL) have signed a memorandum of understanding (MoU), under which the bank will provide its digital payment and financing solutions to the FMCG company’s retailers and distributors.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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