Should i avail the Limit increase offer from sbi cards

[Gaurav Gupta]

I have sbi simply save credit card and I'm using it for about last 3 years. Recently I have received the offer from sbi cards to avail the limit enhancement to Rs 2.5 Lacs, currently I have the Rs. 1 lacs limit in my credit card and also another credit(icici coral) with the limit of 75000. Should I accept the offer?

 

[Raj2708]

Yaa you can accept the limit enhancement, it's totally upto you... With great limit comes great purchasing power and if you are able to pay on time then why not.... It totally depend on your spend analysis.

 

[amitvicky]

I have sbi simply save credit card and I'm using it for about last 3 years. Recently I have received the offer from sbi cards to avail the limit enhancement to Rs 2.5 Lacs, currently I have the Rs. 1 lacs limit in my credit card and also another credit(icici coral) with the limit of 75000. Should I accept the offer?

Yes you must avail this credit limit increase.

This will help you in bringing down your credit utilisation if you still keep your expenses same.

And like legends mentioned, it will give you more purchasing power; but only in need not reckless spends.