Every Credit Card has a specific limit know as Credit Card limit – this usage limit is the maximum amount you can spend using your Credit Card. The credit limit varies based on your Credit Card type and eligibility.
Reason
Instead of having multiple Credit Cards with varying limit, increase your Credit Card limit to a higher amount for easy spending
It improves your credit scores
It gives you higher Reward Points consolidated on one Card
It makes you eligible for a higher Loan on Credit Card Allows you upgrade to a premium
