Standard Chartered Bank Credit Card Limit

Below mentioned is the primary factors that decide the Standard Chartered Bank credit card limit:

Credit History: Credit usage and repayment pattern indicate the creditworthiness of the applicant. Timely payment of loans and managing the debts well create a good credit history. This entitles for a better credit limit for the credit card

Credit Score: A good credit score entitles higher credit limit other factors remaining constant

The income of the Applicant: Higher the income, better the chance of getting a higher credit limit. However, this is subject to the debt to income ratio as well

Outstanding Debts/Loans/EMI Payable: Higher the debt amount of the applicant, the higher the EMI payment. This reduces the credit limit for the applicant

However, the other factors relating to the Standard Chartered Bank credit card limit is as follows:

• The bank possesses the authentication to decrease the limits
• All the details regarding the card’s limit commune are via the monthly statement of the card
• The limits on different cards are different for each customer and it is entirely the bank’s decision
• Under cases when the card is neither partially nor fully funded, all the preceding transactions will get rejected. For instance, if the total overdue exceeds the card limit, then any transaction made on any purchase using the card will get turned down
• When there exist add-on cardholders corresponding to a particular credit card, the card limit is sanctioned through the bank itself and remains confidential between the main and subsidiary add-on card members
• The existent limit available on the account of the credit card refers to the assigned card limit less than the total outstanding. The cardholder must make an approach to the bank to substantiate the accessible limit in your card

There are several ways to increase the Standard Chartered Bank credit card limit. One can simply walk into the nearest Standard Chartered Bank branch or can complete the process instantly via the authorized website of the bank. The customers can also increase the credit card limit via online banking   as mentioned below:

• Login to Standard Chartered Bank Online Banking
• Go to “Help and Services” section
• Click on the “Card Management” tab and select “Credit Limit Increase”
• Follow the instructions on the screen and place the request for credit limit increase

Does the credit card limit vary from person to person?
Yes, the credit card limit is different for each and every customer of the bank as it is decided after analyzing various factors, such as income, expenditure, etc. These factors are different for every person; therefore the credit card limit is also different.

How can I check my credit card limit?
You can check your credit card limit either through online banking or SC mobile app. Log in using your respective credentials and then view your card details.

What will be the limit of the card if I have different credit cards?
The Bank assigns the credit limit which is a combined limit for all the credit cards and there is no separate limit assigned for each card type. You can check your combined limit through online banking in the card summary section.

From where I can get the details about my credit card?
You can find all the information regarding your credit card via online banking option or SC mobile App.

What if I do not receive SMS of my latest statements?
You should immediately reach to the nearest bank branch and check that the mobile number provided at the bank is updated.