OCBC Credit Limit Review

OCBC provides you with the opportunity of increasing your credit limit to provide you with greater spending power. This is of great help in times when you need to account for your greater financial needs. This financial need could be anything from a wedding to an overseas holiday.  For such kinds of expenses, you can approach the bank the bank and apply for a credit limit review. You can either go for the permanent credit increase or the temporary credit increase, according to what your needs are.

Permanent Credit Limit Review

Increasing the limit on your credit card is quick and hassle-free. Follow the below steps to apply for a review of your credit cap and enjoy higher spending power.

Application Process

Requesting a credit increase from your bank is really a simple process. You need to visit the bank’s website and download the application form. Once you’re done filling up the form, you can send it to the bank via mail with all your supporting documents. You can also choose to fax the application form on the fax number provided by the bank.

Documents Required

The documents required for your application to be processed are categorised on the basis of your employment and citizenship in Singapore.

Salaried Employees:

  • Computerised payslip for the last month
  • Recent Income Tax Notice of Assessment, or
  • Statement of the last 6 months’ CPF contribution

Self Employed Individuals:

  • Latest Income Tax NOA, or
  • Last 12 months’ statement of CPF contribution

Foreigners:

  • You will need an Employment pass. This pass should be valid for at least 6 months during the application process
  • Recent Income Tax NOA
  • Last e-payslip
  • Statement from the bank, which reflects your salary credited for the latest month

How to Fill the Application Form

We are going to help you with a little information on how to complete the application form. This might make filling up the form a little easier for you.

  • The first section pertains to your particulars. This is the section where you need to fill your name, status of citizenship, contact details, passport details, and details of your employment.
  • OCBC Credit Limit Review
  • In the second section, you need to specify how much increase you would like to receive. If you leave this part blank, the bank will automatically set a limit for you.
  • The third section is for all the required documents. You need to tick on the boxes according to the documents that you are submitting for verification.
  • OCBC Credit Limit Review
  • The next section is for the name, passport details, and signature of all the supplementary cardholders.
  • OCBC Credit Limit Review
  • The last section of the form is where you provide your signature as the primary cardholder.

Temporary Credit Limit Increase

The bank provides this facility only for the purpose of wedding banquets, travel, medical emergencies and funerals. You can apply for a temporary limit increase by calling up the bank and talking to a customer service representative.

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