How Do I Increase My Credit Limit with Commonwealth Bank?

The Commonwealth Bank of Australia (CBA), or CommBank, is one of the leading multinational banks in the world. Founded in 1911, the banking organization operates across New Zealand, Asia, the United States and the United Kingdom.

The company provides integrated financial services like retail, business, institutional banking, funds management, insurance and stock-brokerage products.

The Australian bank offers some of the popular credit cards with different credit limits. Credit card limits depend on various factors like credit history, individual income and customer preferences.

If you own a CommBank credit card and wish to change your credit limit, you can contact customer service or follow these basic steps.

Ways to Change Commonwealth Bank Credit Card Limit

You may choose to increase the Commonwealth credit card limit for various benefits. You may get access to instant funds for a certain interest-free period.

It can help you save money in other accounts. You can also use the reward points program associated with your credit card.

There are two ways in which you can increase the credit limit for your CommBank card.

Using Net Banking Option

Here are the basic steps to increase your credit card limit using net banking.

1. Open the Commonwealth NetBank web page and log in using your username and password.
2. Go to Settings and select Product Requests.
3. Select Credit Card Limit Changes.
4. You can now select the limit to the new higher range you want.

If you are unable to change the pre-set limit for some reason, you can contact customer care to help you with the process.

Using CommBank App

To increase the Commonwealth credit card limit using the banking app, you can use the following steps.

1. Open the CommBank App on your mobile device.
2. Tap on the Cards icon. It will display the details of all the cards that you own.
3. You can choose your desired card and then set the new credit limit.

Approval Process

Once you choose the new credit limit, your bank will receive the application. They will review your account and your past payment details. According to this assessment, your application will be accepted or declined by the bank.

Once Commonwealth approves your application, the new credit limit will be applied instantly to your card.

Setting a Spending Cap

Setting a spending cap on your Commonwealth credit card allows you the flexibility to stay in control. It helps you cap a portion of your limit by clicking a button without permanently decreasing the credit card limit.

You can change or remove the cap at any time. Only a primary cardholder is authorized to set, change, or remove the spending cap.

Here are the basic steps to set a spending cap on your Commonwealth credit card limit.

1. Log on to the CommBank App.
2. Select open Cards and navigate to Credit Cards.
3. Select the card for which you wish to set the spending cap.
4. Go to Card Settings and turn on your spending cap.
5. Enter an amount to cap your card's spending limit.

If you are using NetBank, you can use the following steps.

1. Log on to the NetBank website.
2. Click Settings on the top menu.
3. Choose Card Security & Limits and navigate to Card Settings.
4. Under Spending Cap, you can click on Change to set or remove the cap.

If you cannot log in to your NetBank or CommBank app, you can call a customer service representative. They will guide and support you to set a spending cap for your Commonwealth credit card.