Complete Guide to Upgrading Your Credit Card
Before you apply for a credit card it is important you check its features and benefits. Once you have used a card, and you feel you need a card which offers better deals and rewards, then do not close your credit card because that will impact your credit score. You can instead consider getting your credit card upgraded.
We will have a look at the steps you can follow to get your credit card upgraded.
Step-by-Step Process to Upgrade Your Credit Card
Given below are the steps you will have to follow to get your credit card upgraded:
- You can login to your bank’s net banking portal and get your credit card upgraded.
- You can visit the nearest branch of your bank and get in touch with a bank representative to get your card upgraded.
- Call the bank’s customer care service and request for an upgrade in credit card.
- Don’t be afraid of negotiating. Initially, the bank may offer a higher credit limit on your existing credit card, but if you have a good relationship with your bank and a decent credit score, then you can possibly negotiate successfully and get your card upgraded.
Important Factors to Consider Before Upgrading Your Credit Card
There are certain things you must consider before getting your credit card upgraded:
Your spending habits:
Banks offer different types of credit cards with specific rewards depending on what the customers want. It is important you figure out in which category you wish to use your card a lot and the type of rewards you want. For example, if you like to travel and would like to have a discount on your flight and hotel bookings then getting your card upgraded to one which offers similar rewards and deals will be suitable for you.
Fees and charges:
Once you plan to get your card upgraded, there is a possibility that the fees and charges related to it will also increase. You must check whether it will be financially suitable for you to upgrade your card and whether you will be able to pay your fees and charges on time.
Credit card limit:
When looking to get your credit card upgraded you can consider getting your card’s limit increased. Having the spending limit increased, you will be better equipped financially to meet your immediate needs.
Reward points:
Before getting your credit card upgraded, check for the rewards offered. Once you accumulate a certain number of reward points, you can redeem it in exchange for merchandise or services listed on the bank’s reward program website.
FAQs on How to Upgrade Credit Card
- Will getting my credit card upgraded hurt my credit score?
No, getting your credit card upgraded will not impact your credit score negatively.
- Can I switch back to my old credit card after getting it upgraded?
No, you cannot switch back to your old credit card after getting it upgraded.
- Will the benefits offered in the old credit card be valid post upgrade?
Post upgrade of your credit card, the benefits offered in the old credit card will no longer be valid.
- How many credit cards can I own?
You can own as many credit cards as you want provided you pay your bills on time and maintain a good credit utilisation ratio.
- Will my credit score be affected if I do not pay my upgraded card’s bill on time?
Yes, your credit score will be affected if you do not pay your bills on time.
- Will I get the add-on facility after upgrading my credit card?
Yes, the add-on facility will be provided after getting your credit card upgraded.
- How much time will it take for my credit card to get upgraded?
The time taken to get your credit card upgraded may vary from bank to bank. However, it may take anything between one and four days for your card to be upgraded.
- Should I maintain a good credit score to get my credit card upgraded?
Yes, you must maintain a good credit score to get your credit card upgraded.
Kankana Mukherjee is an engineer and has over 4.5 of experience in content writing. Combining the expertise in financial content writing achieved in her 2 years association with BankBazaar, and a knack for clear and engaging content, Kankana simplifies complex financial concepts and offers practical insights to help readers make informed decisions and achieve financial success.
Disclaimer
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2025 BankBazaar.com.