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Adhil Shetty : Mon Dec 31 2012, 03:01 hrs

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—Akash Deep

Credit card companies have become very strict in the past few years due to increasing number of defaults. Hence, if your repayment track record for credit card dues has not been good and prompt in the past, this will definitely hinder your chances of getting a higher credit limit. Also, your current income and other loan commitments will also have an impact on the maximum amount you are allowed to borrow (credit limit) on your credit card. However, do talk to your bank, explain the situation and cite your recent improved repayment track record and request for an increase in credit limit. All the best.

—Expert advice by Adhil Shetty, CEO, Bankbazaar.com

For your personal finance queries please email at expressmoney@expressindia.com

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