How to Check Credit Card Limit? – Guide

Do you love to use your credit card for daily expenses or shopping? Who does not? But, as with all good things, they do eventually end. So does your credit card limit, which means you simply cannot keep using your credit card for purchases after a specific amount has been crossed.

In this blog, we will give you a brief overview of how to check your credit card limit so that you can optimise your credit card usage. Let’s take a look.

What does the credit card limit mean?

A credit card limit is the maximum amount of credit a financial institution extends to a credit card holder. Knowing your credit card limit is crucial for effective financial management, helping you avoid overspending and maintaining a healthy credit score. 

Before diving into the methods of checking your credit card limit, it’s essential to understand the different types of limits associated with your credit card:

• Total credit limit: The maximum amount you can spend using your credit card.
• Available credit limit: The remaining credit you have after deducting the used credit from your total credit limit.
• Cash advance limit: This is the portion of your credit limit that you can withdraw as cash. It is usually a percentage of your total credit limit.

Read more: How to increase credit card limit?

What are the different ways to check the credit card limit?

Here are the different ways to check your credit card limit and their specific steps:

Online banking portal

Check your credit card limit anytime, anywhere with the online banking portal of your lender: Follow these steps:

• Visit your bank’s official website and log in to your internet banking account.
• Navigate to the credit card section.
• Here, you can view your total credit limit, available credit limit, and cash advance limit.

Mobile banking app

Want a user-friendly interface and instant access to your credit card details? Download the lender’s mobile app now and follow these steps to check your credit card limit:

• Ensure you have your bank’s mobile banking app installed on your smartphone. Log in using your credentials.
• Go to the credit card section in the app.
• Your total and available credit limits will be displayed on the screen.

Monthly credit card statement

Want to review your credit card limit from time to time? Simply check from the credit card statement. Here is how to check your credit card limit with the statement:

• Your credit card statement is either emailed to you or sent via post every month.
• The statement includes details about your total credit limit, available credit limit, and cash advance limit.

Read more: Secured credit card – meaning and how it works?

Customer service

Have a doubt regarding your credit card limit? Get in touch with an expert for swift resolution. Follow these steps to get help from customer service help to understand your credit card limit:

• Dial the customer service number of your credit card issuer.
• Follow the authentication process to verify your identity.
• Ask the customer service representative for details about your credit limit.

SMS alerts on your phone

No internet access on your phone? Register for SMS alerts with your credit card lender and get round-the-clock updates. Follow these steps to get SMS alerts for credit card limit:

• Ensure your mobile number is registered with your credit card issuer for SMS alerts.
• Send an SMS in the specified format to the bank’s dedicated number.
• You will receive an SMS with details about your credit card limit.

ATM

Do not have access to a mobile app? You can also use an ATM to check your credit card limit.

• Visit an ATM and insert your credit card.
• Choose the option to check credit card details.
• Your total and available credit limits will be displayed on the screen.

Read more: Shop on Flipkart with the Airtel Axis Bank Credit Card!

Bank branch

Need face-to-face interaction and additional assistance? Here are the steps:

• Go to your nearest bank branch.
• Speak to a bank representative and provide your credit card details.
• The representative will provide you with information about your credit card limit.

Extra tips to manage your credit card limit better

Here are some additional tips that will make you an expert when it comes to managing your credit card limit:

• Regularly monitor your spending to ensure you stay within your credit limit.
• Timely payments help maintain a good credit score and avoid penalties.
• Aim to use less than 30% of your total credit limit to maintain a healthy credit utilisation ratio.
• If you have a good payment history, you can request your bank to increase your credit limit.
• Cash advances usually come with high fees and credit card interest rates. Use them only in emergencies.

Thus, there are multiple ways which can help you see the credit card limit on your credit card. No matter what the limit is, as always, having healthy spending habits is encouraged. Use your credit card responsibly and always pay your EMIs on time. Try out any of the above methods to check your credit card limit and stay within your budget!