HDFC bank reduced limit of my Rupay Credit Card without any valid reasoning while I have been using and paying bills on time.
Not just that, I had used around 22K out of 52,000 Limit and they reduced it to 20,000 and had the Audacity to charge me for overlimit usage.
P.S I have raised a request with them for reversal of fee and then close this credit card.
Posting cause I saw a few other users here having their HDFC card limit reduced recently. Why are they doing it?
Are you saying they reduced the credit limit to lesser than outstanding amount or you spent after they reduced the credit limit with out knowing it?..
I had already spent and later they reduced. My last transaction was on Saturday, and after that I was unable to do any transaction. I was aware I had more than enough limit to do any transaction. Then checked the details on the app on Sunday Morning and saw that the limit was reduced. Later that evening I got an SMS saying that the limit has been reduced. Till today I haven’t received any explanation from them over mail.
Same way they reduced my limit too, for paying on time and maintaining good credit score. Lucky that I wasn’t out near to that over limit, while they did that.
They ruined your CIBIL for good. Demand compensation for undue pain and suffering, complain to RBI ombudsman if not compensated.
