Need a higher credit limit on Flipkart Pay Later? Well, increasing your Flipkart Pay Later limit is a good idea if you use it frequently for shopping. In this article, I’ll tell you how to increase your Flipkart Pay Later limit.
Flipkart Pay Later offers a credit limit of up to ₹70,000, but if your credit limit is less than this, then you can think about increasing it.
By the way, you won’t get any manual option on the Flipkart app to increase your limit. If Flipkart thinks that you are a reliable borrower, it will definitely give you the option to increase your limit.
So, let’s see how to increase Flipkart pay Later limit
How to Increase Flipkart Pay Later Limit
To increase your Flipkart Pay Later credit limit – use your credit balance frequently for shopping, make repayments every month on time, and keep your account up to date.
Here I have explained how to increase Flipkart Pay Later. If you have a low credit limit on Flipkart Pay Later, then follow the tricks below.
Use It Frequently for Shopping
The most effective way to increase your Flipkart Pay Later limit is making frequent transactions with the credit. The more purchases you make with Flipkart Pay Later, the more chances of increasing your credit limit.
As you start making frequent transactions with Flipkart Pay Later, its credit lenders get your purchasing history and increase your limit. Flipkart Pay Later can be used in Flipkart and Myntra as a payment option.
Make Timely Repayments
Pay your Flipkart Pay Later bills every month on time. Don’t keep your outstanding pending. If you repay your bills on time, it will not only help you increase your limit but also save you from paying extra charges.
Flipkart Pay Later bills get generated on the 1st of every month and dues till the 5th of the month. For example, if you use the credit in January, then your bill will be generated on the 1st of February.
So, repay your outstanding amount every month on time to get a higher credit limit on Flipkart Pay Later.
Keep Your Account Updated
Another way to increase your Flipkart Pay Later limit is to keep your account up to date. Make sure the information you provided during signing up is correct and updated with your present situation.
And, if you are asked to complete your re-KYC, then complete your KYC again and provide all details correct. After completing KYC, if your credit limit should be increased, then it will definitely increase.
Contact Customer Support
Despite having a good credit score and an updated and active account, if your Flipkart Pay Later limit is not increasing then contact Flipkart customer support and request them to increase your limit.
If it is possible, their customer support will definitely help you increase your Flipkart Pay Later limit. You can contact Flipkart customer support through the help centre available in the Flipkart app.
Can Flipkart Pay Later Increase My Credit Score?
Yes, Flipkart Pay Later can increase your credit score. Actually, it is a good option to build your credit score, let me explain.
Flipkart Pay Later is a credit service that lends you money for your spending, so it reports your credit history to the credit bureaus.
As a result, the credit bureaus affect your credit score. Your credit score can be affected both negatively and positively, it actually depends on how you use your Flipkart Pay Later credit and repay its bills.
If you use your Flipkart Pay Later frequently and repay the outstanding amount every month on time, there is a higher chance that your credit score will be increased.
But, if you don’t repay the credit or make late repayments, then it will definitely hurt your credit score.
And you better know that credit score is a crucial factor that determines your trustworthiness as a borrower. If your credit score is low, you’ll face various consequences in future to borrow money.
Therefore I recommend you pay your outstanding amount always on time, which will not only help you improve your credit score but also increase your Flipkart Pay Later limit.
Bottom Line: How to Increase Flipkart Pay Later Limit?
In conclusion, we have come to know that increasing the Flipkart Pay Later limit is a quite time-consuming process. It does not increase overnight, you need to maintain some habits consistently.
You need to use your Flipkart Pay Later frequently for shopping, repay your bills always on time, and keep your account active and updated. If your limit doesn’t increase even after following these tricks, then contact Flipkart support.
In this article, I have explained everything in detail. So I hope you have learned how to increase Flipkart Pay Later limit.