How Credit Card Limits Are Set & Increased: A Detailed Guide

• Credit cards offer cashback and reward points, allowing users to spend now and pay later.
• Banks determine credit limits based on salary, job stability, credit score, and spending habits.
• A good credit score indicates strong repayment ability and can lead to a higher credit limit.
• It's advised to use only 30% of your credit card limit to demonstrate responsible spending.
• To increase your limit, use your card wisely, pay bills on time, and avoid sudden large expenses.