Credit Limit

You can always check your total Card limit and left to spend limit on the DBS Card+ IN mobile app by following these steps:

1. Login to the DBS Card+ IN mobile app
2. Select 'Card' from the bottom of the screen
3. Click on ‘Outstanding Balances & Limits’
4. You can view your overall and available credit limit here

A credit limit on a credit card refers to the maximum amount of money that a credit card issuer allows the cardholder to borrow. This limit is set based on various factors such as the cardholder's credit history, income, and other financial obligations. Exceeding the credit limit may result in fees, penalties, or declines of transactions. It's important for cardholders to manage their credit card spending within the assigned credit limit to maintain good financial health.

Credit limit decisions are usually on a combination of factors such as credit scores and income levels, as well as risk assessment and regulatory compliance. Banks strive to set credit limits that balance the needs of the cardholder with prudent risk management practices.

Banks may reduce credit limits for existing customers due to various reasons. Few factors contributing could be risk management, account inactivity, credit utilization, regulatory compliance, and credit review.

While making payments promptly is crucial for maintaining good credit standing, other factors such as credit utilization, economic conditions, and regulatory changes can also influence credit limit decisions.

Yes, banks periodically review the assigned credit limit basis various parameters like payment history, income increase, credit score improvement and account review while decisioning on the credit limit increase or decrease. Please note that any change in assigned Credit Limit is subject to internal guidelines and assessment criteria.

The specific documents required for a credit limit increase on a credit card can vary depending on internal guidelines of the bank. However, bank may not be able to guarantee the limit increase, however, we shall notify you if there is a change basis bank’s review which happens periodically.

Yes, banks typically notify customers when there is a credit limit revision. However, the method and timing of notification may vary depending on internal guidelines and regulations. Common ways banks notify customers about credit limit revisions are statement notification, email notification, SMS, and WhatsApp message.

The frequency of credit limit revisions by a bank can vary depending on several factors, including internal guidelines, customer's creditworthiness, and economic conditions. Further, banks typically conduct periodic reviews and customers should regularly monitor their credit card accounts, maintain good credit habits.