Credit Card Limit: Earlier, when people had to buy something, it was necessary to have a balance in their account. But now even if the balance in people’s account is low, you can still buy your favorite thing. Because now you can use a credit card for this. Many banks in India issue credit cards. You don’t have to do much to get a credit card.
You apply for it. And after the verification process, the card is issued to you. Especially when people have to buy something on EMI. In such a situation, a credit card comes in handy. This question also comes to the mind of many people regarding credit cards. How many credit cards can a person have? Is there any limit fixed for this? So let us tell you.
Is there any limit for credit card?
If you also use a credit card and a question arises in your mind whether any limit has been set for keeping a credit card, then let us tell you that no such limit has been set by RBI. That is, a person can keep as many credit cards as he wants. He can get a credit card from any bank he wants.
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Who can get more credit cards?
The process of giving credit card and loan is almost the same. In both, banks and non-banking financial companies look at your CIBIL score. If your CIBIL score is good, then you are likely to get more credit cards. But if your CIBIL score is low, then your chances of getting a credit card also decrease.
Bank has rules
Generally, anyone can have as many credit cards as he wants. But the bank has its own rules regarding this. That is, the bank gives only one credit card to one person. But some banks have different rules in this regard.
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