Anyone have being approached by bank on credit card credit limit increase but to provide income documents ?

How come nowadays income documents are needed for limit increase "request"... Based on past experience, some bank will usually inform you once they increase your limit instead of they asking if you want increased limit or not.. and this one with income statements lagi...

scare you spend beyond your capability.

yes. i just got citibank send an email asking me whether want to increase credit limit.
if yes, need to provide documents..

just ignore if u dont need it

Sometimes they increase your limit based on your historical data and spending style.

I personally believe in increasing spending limits, just for emergencies.

i got increased a few times but never request papers/documents.

But using the credit card for more than 3 years ... is it still not trustable ?

Some bank just increase the limit.. only then inform you the limit is increased... without asking for documents.. It sounds to me like they are collecting personal data...

last minute data collecting before for this ? :
https://www.theedgemarkets.com/article/citi...oss-asia-europe

i got a few times increase without any documents needed but that was few years back and it was initially i used citibank.
but lately they requested documents for limit increase.
this time increase about 50% of my existing limit....so not sure is it because of this reason.

I have HSBC and MBB cc
HSBC - agent increase my limit with EPF statement.
MBB - I request to increase without docs. MBB is my main account for transactions and wages.

A good paymaster for 3 years doesnt meant he is a good future paymaster.

Precovid, many good paymasters became defaulters during covid.

This changes from bank to bank, and from time to time. Also tied to your personal credit history. Not much we can do about it. One day bank A will be fussy, next day bank B will buat hal.

Increased limit is of no use if cc holder dont use it. There is a danger the limit can be fully used if card is hack.

Better option .....

1. Request for temp increase for emergency spending. Also subject to approval.

2. Pay off used limit b4 statement date.

3. Have 2 to 3 cards with lower limit instead of 1 card with high limit.


Logically, if one income is 10k per month, limit should be 10k as that is the max the person can spend every month.

This post has been edited by mini orchard: Jun 23 2021, 04:10 PM

Depending on your spending and of course paying habit.

TBH credit card is not meant to be used for emergencies.

If you don't have the cash for the emergency and credit card is your only alternative then you're falling into the debt trap that will be extremely hard to recover.

Emergencies here is not emergency to buy iPhone or something. My angle is medical emergencies, both local and abroad (if you are traveling).

If you or your loved ones need to get medical help, just sign off dulu.

credit card use as cash alternative.. i.e not credit function.. but instead using cash to pay use credit card (medium)

for credit card limit increase ; they have to inform you ; as the risk is on your side if over spend as well...

as for documents to justify ; its either bank policy ; or you dont have enough 'rating' to justify the auto approval

Fair point, my bad - haven't thought about oversea medical expenses. Can swipe first and claim insurance later, so not necessarily need cash.

This post has been edited by LovelyPotato: Jun 23 2021, 05:42 PM

Why not ? Emergencies

hi guys, i just get my first ever cc from Maybank 2 gold, Credit limit 7k.
If i wanna buy a 5k electronic appliances and make as 24 months installment. The bank will deducted 5k from my CL then i left only 2k to spend?
Considering the credit utilisation: 5k/7k x100%=71%, will this affect my credit score since the utilisation ratio is quite high.