How to Increase Your Punjab National Bank Credit Limit?

Punjab National Bank (PNB) Credit Card Services

Explore the diverse credit card services offered by PNB, ideal for shopping, travel, and entertainment. Understanding your credit limit is essential when you apply for a PNB credit card. Similar to other banks, PNB considers multiple factors to set this limit. If you're interested in increasing your credit limit, read on to discover the methods with PNB.

Factors Influencing PNB Credit Card Limit

• Income Level: A higher income often results in a greater credit limit.
• Debt Level: Maintaining a low debt-to-income ratio is key for a larger limit.
• Credit Score: A good credit score is crucial for securing a higher limit.
• Existing Credit Limits: PNB evaluates your credit limits across other bank cards.

Methods to Enhance Your PNB Credit Card Limit

Boost your PNB credit card limit through online or offline options:

Via Net Banking:

• Visit PNB’s website, login to your account.
• Go to 'My Accounts' and choose your credit card.
• Click 'Manage Card' and select 'Card Limit Increase'.
• Set a new limit and press 'Submit' to finalize.

Using Mobile Banking:

• Download the PNB mobile app and login.
• Select 'Service Request' and tap 'Change Card Limit'.
• Pick your card, set the new limit, and submit.

Via Phone Banking:

• Call at 1800-180-2345 or 0120-4616200.
• Ask for a credit limit increase and follow the executive’s directions.

Direct Branch Visit:

• Go to a local PNB branch, submit necessary documents, and request a limit increase.

Effect of PNB Credit Card Limit on Credit Score

A higher credit limit can improve your credit standing. Smart credit card usage, making small payments, and timely dues payment positively affect your credit score. PNB reports your CUR and limit details to credit bureaus monthly. Keeping a CUR below 30% is recommended to maintain a solid score.

Benefits of Increasing Your PNB Credit Limit

• Enhanced Credit Scores: An increased limit reduces the CUR, boosting creditworthiness.
• Easier Management: Higher limits simplify expense management.
• Expanded Loan Options: Reliable payments enhance creditworthiness, simplifying loan acquisition.
• Emergency Funds: A higher limit secures funds for emergency access.

Request a PNB credit card limit increase using any method you prefer. Raising your limit can improve credit scores, qualify you for larger loans, and provide flexibility during emergencies. However, PNB will evaluate your credit score and creditworthiness before authorizing an increase.