2nd credit card and limit increase rejected

[Vatsal123]

Guys, i have a CC from HDFC. I requested my RM for other better tier card but he said that you need to close current one. If i close than only i will get offer for other card but this will show as closed account in my cibil which impact negatively.

Then i asked to increase limit of my current card as my monthly expenses is atleast 2-3x of current limit then he said as i am self employed i need to show my return but currently full business is in name of father.

What should i do in this case.

 

[hitirfan]

Guys, i have a CC from HDFC. I requested my RM for other better tier card but he said that you need to close current one. If i close than only i will get offer for other card but this will show as closed account in my cibil which impact negatively.

Then i asked to increase limit of my current card as my monthly expenses is atleast 2-3x of current limit then he said as i am self employed i need to show my return but currently full business is in name of father.

What should i do in this case.

1. There is no negative impact usually, even if there is it would be temporary.

2. For Manual limit enhancement, you need to show ITR. Otherwise wait for pre approved offer of limit enhancement.