[Resolved] Standard Chartered Credit Card — Reduction in credit limit | |
Hello, I had Standard Chartered bank's Gold credit card which had 117000 credit limit when it was issued. I was making its use to a good extent and was paying the dues on time. Suddenely on a day I lost my card so I applied for a new card. This time the credit limit, without any intimation was reduced to 83000. Again in 1st week of May 08 I recieved a letter from the Bank stating My credit limit reduced to 10000. I had made the full payment of the outstanding dues of nearly a lakh rupees at a go but this bull bank with out any intimation reduced the limit and when I called up the customer care, they had no answer to it. The only line I got to hear is that this is Banks cconfidential policy and cannot be disclosed to the customers. I will really advise you all not to go for this pathetic bank's products. Was this information helpful? | |
Aug 14, 2020 Complaint marked as Resolved | |
 3 Comments | |
Comments
I have not recived the credit card bill for last 6 months
last bill was sent to me was on Nov 07
kindly sent my credit card bill on my mail
last bill was sent to me was on Nov 07
kindly sent my credit card bill on my mail
I was using SC bank credit card since long time with credit limit of rs 165000 and always pay all dues on time but one day suddenly i got a letter from bank for reduced my credit limit to 143000, This is bcose i was paid all dues on time, .
Customer satisfaction rating Customer satisfaction rating is a complex algorithm that helps our users determine how good
a company is at responding and resolving complaints by granting from 1 to 5 stars for each
complaint and then ultimately combining them all for an overall score.
Read more
Read more
48%
Complaints
1721
Pending
0
Resolved
777
+91 11 3940 4444
+91 11 6601 4444
19, Rajaji Salai, Chennai, Tamil Nadu, India - 600001
As you were paying full amount of the balance and the bank was not earning any interest from you. Your credit limit was reduced so that u suddenly go over the credit limit and the bank can charge u for overlimit fees and the interest for being over limit. It will be a good decision i[censored] stop business with this bank.