How is credit card limit decided?
Andrew Campbell
Updated on February 04, 2026
For instance, if your bank provides you a credit card with a limit of Rs. 50,000, you cannot spend beyond that amount on your card. The credit limit varies based on the type of credit card and is determined based on the customer’s eligibility.
Can we add money to credit card to increase limit?
Yes, credit card issuers allow you to use your card for an amount above the credit limit, called the ‘over limit’ facility.
What is the max amount you can have on a credit card?
The credit-based limit For example, a specific credit card offer may come with a credit limit between $1,000 and $5,000. Those with higher credit scores will get the $5,000 credit limit, but those who fall on the lower end of the qualifying credit range will get $1,000.
Can I put a limit on my credit card?
There are a few ways to limit spending. Some issuers let you track spending by authorized user. Others let you set a spending limit for each user. You’ll want to check with your credit card company about the options it offers.
Which credit card is best for 20000 salary?
Top Low Income Credit Cards
| Credit Card Variant | Annual Fee | Category |
|---|---|---|
| SimplySAVE SBI Card | Rs.499 | Daily shopping |
| HDFC Bharat CashBack Card | Rs.500 | Cashback |
| HDFC Freedom Card | Rs.500 | Rewards |
| HDFC Diners Club Rewardz | Rs.1,000 | Rewards and travel |
Which credit card is best for 25000 salary?
List of Credit Cards for Income Below Rs. 25,000
| Credit Card | Annual Fee | Minimum Monthly Income |
|---|---|---|
| BPCL SBI Card | Rs. 499 | Rs. 20,000 |
| HDFC Easy EMI Credit Card | Rs. 500 | Rs. 10,000 |
| HDFC Times Titanium Credit Card | Rs. 500 | Rs. 15,000 |
| ICICI Bank Coral Contactless Credit Card | Rs. 500 | Rs. 20,000 |
What happens if we pay extra amount to credit card?
When you overpay, any amount over the balance due will show up as a negative balance on your account. Negative balances are simply reported as zero balances on your credit report and will not affect your credit utilization. You also won’t earn interest on your negative balance.
Can you use a credit card over the credit limit?
Yes, credit card issuers allow you to use your card for an amount above the credit limit, called the ‘over limit’ facility. Before you avail of this facility, there are a few things you need to keep in mind. Remember, not using your credit card judicially can land you in a debt trap that will be difficult to get out of. What is credit limit?
How can I use my money credit card?
Simply tap your card to make a payment and keep moving. Use anywhere in the world! The Money Credit card is internationally recognised, so go global. Get cash back rewards on all purchases in-store and online. Get the freedom to spend, with up to 55 days, interest-free. Simply tap your card to make a payment and keep moving.
Do you have to have income to get a credit card?
Usually, no. Credit card banks make their decision solely upon the income and expense information you provide. When you apply for a large loan, the bank will ask for proof of your income from pay stubs, W-2 forms or copies of your tax returns.
What happens if I load my credit card with cash?
If you load up $2000 and spend $2,100 you will be using $100 of your credit limit, and can either be charged cash advance interest rates on the $100, or the full amount depending on the timing of the purchases and the bank’s own policy and the card. Most lenders state that you should contact customer service to deal with any excess balance.
