What is credit limit?

Credit limit is the assigned credit line or amount on the card upto which the bank will allow transactions. The customer is advised to use the card keeping credit limit in mind. Any transactions above the assigned credit limit will be declined. Your assigned credit limit keeps reducing as you spend on the card, until the transactions are paid for. You can create free space (release blocked limit) by paying for your transactions.  more

As per the international practice followed by telecom operators, we use the concept of credit limit. Your credit limit helps you keep mobile costs in control, track of your usage and ensures no misuse of your mobile phone. It is like the spending limit on your credit card. We have preset a dynamic credit limit defined basis history of your association with us, security deposit and your average usage.

Credit limit is the maximum amount you could spend/borrow using your credit card. This limit is determined by various personal details like your income, source of income etc. The credit limit is normally revised upwards or downwards based on your previous years’ track record in terms of spending and repayment.It is the maximum amount of money that can be charged on a particular credit account. In Other words it is the total amount of purchases and cash advances combined the may accrue on an account. Most issuers will adjust a credit limit by phone. Some will adjust the limit automatically when the limit is exceeded with or without a fee. Tip : Having very high, unused limits may effect your ability to obtain a loan. Unused available balances are viewed as debt when applying for auto and home loans.