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.

Well it still depend on your total income then compare with with your commitment. But all of this only important if u want to make a loan from bank, if not it doesn't matter. Bank will not check your commitment without a reason.

How much is per card credit limit ? I would assumed is combined 7k for both. Unless the merchant allows the use of 2 CC for a 5k purchase, otherwise ?

Same bank, so the limit is share. Not per card.

Hi, guys. Anyone can help to explain why I already cleared out full the statement balance of Aug. And this month Sept i only spend out rm211 on the Amex card.
But why the Available Credit Limit is rm6.5k instead of 6.8K? My combine total CL is rm7k.
based on what i know, i cleared out statement amount from last month Aug, meaning this month CL should be back to 7k, then I spent rm211 in Sep now, why CL is not 6.8?

Ur credit score is already affected since u opened new credit facility with bank (CC)...doubt spending that much also will do much to ur score, it is ur first Card anyway, your score will be low since u don't have repayment history at all...so don't worry keep spending...just make sure u can pay on ur statement due date only... And congrats

Call the bank to clarify...

I believe it was directive from BNM and bank need to comply, IINM certain income only limit 2-3 times of your salary, not sure about the salary range.

Did u have RM218 authorized payment?

Maybank is the hardest to increase limit. Best is to summit annual tax report. Like me.

Its done immediately.

Summit FD cert... bank statements.... slowly wait.

Nope. I believe i dont have. So far this month i only spent up RM211. last month Aug statement full cleared before statement date. That's why i dont understand why Available CL is not tally with the amount supposed to hv Rm7k-Rm211= RM6789 instead it shows up RM6570.

If not mistaken, last time i wanted to upgrade card and increase credit limit with maybank, the staff told me usually max is x4 of salary. so just need to see salary payslip, nothing else. that also maybe cause my salary is deposited into the same bank. but anything more than that then they will ask for more documents..

One question though, how do i check my credit card score?

why nowadays credit limit so low ah. i remember my 1st card limit is 10k. never request for any increase in limit ever since

Maybank just sms whether I want to increase limit and only need to reply sms Y. Done in 2 days. Now my Maybank and another 2 bank, each limit is 77k

This post has been edited by kkkw80: Oct 5 2021, 10:46 AM

https://ctoscredit.com.my/

Didnt provide much documents, Maybank give me RM150k limit

how much is your cc annual fee?

zero fees, just tax rm25

Which cc gv zero fees with 150k limit?

Unless you swiped certain amount a year.

yes tax RM25 thats all I pay, got other card from other bank for regular use.

Maybank is one of the most kiamsiap bank in Malaysia in terms of CL, your income sure is our dream

This time CTB waived both my annual fee (reward and clear card) and also increase my limit without any documentation via SMS .. Was wondering maybe I fully paid my "debts" every month .. Lol

Besides, got a call from UOB they give me free Infinite to replace my PRIVIMILE card =.=!!

wont. credit score still the same.

Your monthly income must be at least 50k per month

Yeah maybe, my company use the same bank as monthly salary bank in so they know what I’m earning

hi guys, need your advise. no choice i have to ask here dy..

i got rejected for maybank credit card limit increase for the 3rd time !!!!! i do not understand and i wonder anyone have any tips for me or not. 2nd time rejected because system said need wait for cool down period after 1st application, fine..... but 1st and 3rd time they reject because of my salary or what? i dont und. my payment history is good ! i spend roughly 20k+ per month on both VI and Amex premier. sometime even more! and i always ensure my payment is in full. except for last month cos i was in UK for a month, so i totally forgotten to pay, but when i paid, its always in full !

recently this low credit limit is restricting my lifestyle. few months ago I made a huge purchase (rm300k+) using the 0% payment plan, paid using 3 cards, cimb, citibank, maybank. only this kedekut maybank credit limit is lowest, less than 100k...

so what is the logic of rejecting my credit card limit increase application?
salary? my monthly salary is >30k .... ctos score is good ! payment always in full, just occasionally late cos forgotten... and i didnt apply a sky high limit.. i only request for rm100k credit limit also cannot?

i also tried increasing UOB (from citi) and their system is lousy... i havent even get my replacement zenith card yet... i submit via their app, waited 1 mth no response, called the helpline, said approval for walk-in faster, i walk in branch, branch ask me submit online email... what a messed up bank... submitted online, still no response ! i dont put much hope dy, memang plan to cancel UOB anyway. I love maybank card, always put my main purchases here but why they treat me so bad....

sigh... end of rant..

anyone has any idea?
dont ask me apply for another card.. 3 cards already i also cant manage, always forget make payment, then the SST, then multiple logins to handle, apps on phone, etc. i hope to stick with these 3 cards only, and mostly on maybank.

Ditch maybank
Get another card from orher bank
Total still 3 card as u wish

any recommendation? i've never touched other bank b4...

Yes your remaining limit would be gradually released when you pay the installment. As long as you pay your card on time without any late payment then no problem.
the only thing you need to be worry are late payment , missed payment and pay only minimum payment as these will definitely affect your score if you going to get loan or credit card later on.

Likely you have maxed out your credit worthiness

Example... You earned 30k ; bank may evaluate your worthiness is 10x salary I.e 300k worth

As long your ccris show you already have 300k in credit regard less from which bank; they won't increase your limit


What you can do ; reduce your other card limit or increase your salary / statement

Bank has their risk assessment too. Your credit are all stated in CCRIS, and the Total credit limit allow are still limit by your income

salary a bit susah.. crawling slowly every year. this year no increment at all.

seems like dead end for me until i finish paying up the 0% installment plan....

this low credit limit is restricting my lifestyle now... such embarrassment when i swipe card but cannot work

Actually, what to embarrass abt, ditch those ppl who look down on you
live a happy live, imagine you are on Cash Base...The world will be wonderful
Or
Just limit your spending for 2 months. you will see sunshine everywhere

And yes, the problem is not Credit limit. is probably your spending lifestyle? And rich face problem? so less spending for 2 mths?

jus prepay a certain amount of cash into the cc to unlock the limit bck la, since from the way u spend u seems to be quite well to do wat.. also dun “ocassionally” forget to pay

This post has been edited by Oishiteru: Dec 30 2023, 09:51 AM

i'm used to live on credit, yes i try to limit my spending but sometime when got urgency need to swipe that extra amount, but the credit got locked with the instalment dy...
cant imagine i live on cash base, for so long i didnt step foot into ATM to withdraw money dy..

unfortunately i'm not too well to do and still rely on credit to roll... every month i'm paying 20k+ dy and yes i do pay additional but it still takes time to fully clear.. if got urgency suddenly need swipe 50k+ in 1 go i really dunno how to pay dy. for example go hospital, etc.

Actually, i think Hospital spending of 50K shd not be an emergency budget.
If we totally didnt budget this, then we shouldnt budget for luxury spending.

Probably, the priority in your life was wrong? Thats y you are at the edge of balancing them now? So do the math while you still can. Not Happily spending the off for nothing. Burning good money into bad ashes are not a wise choice...

What I said might not be all correct, but I am not the one struggle now.

This post has been edited by taitianhin: Dec 30 2023, 11:57 PM

just giving an example only.

i think my lifestyle and spending still OK. although every month after pay credit card & loans tinggal not much, but i have substantial savings elsewhere ie FD & stocks. only concern is it's not liquid enough for any emergency cases. I feel more secure with instant accessible credit, which is possible via credit card. Unfortunately I maxed that out with a purchase made few months ago.

from this episode I gave up on maybank dy....

Try applying credit limit increase via maybank manually. Not via m2u. See got improvement or not. But i admit cc limit increase with maybank is quite painful.

But if you got past history of forgetting, you kinda be careful this can put you in a bad spot.

On the context of increasing Credit Limit, you may try your luck by submitting the FD to them.
They might increase if your FD by a lot.....i would estimate half of the FD you have.

may i know what's the manual way? i've applied via email

I mean applied via email. Sorry fornot being clear enough.

Cause they have the function to increase credit limit inside m2u. That one is ABIT wonky last time. Filling in reform, etc. But to be honest, we also get 3x monthly income only. We didn't request more because for us 3x is high enough.

This post has been edited by adele123: Dec 31 2023, 05:27 PM