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Is 3 lakh good credit limit?
- A credit limit of 3 lakhs can be considered good, depending on your income and financial situation.
- For many middle-class Indians, this is a decent limit that allows for significant purchases while not being overly high.
- However, what’s considered a “good” limit varies from person to person.
- If you earn 1 lakh per month, a 3 lakh limit might be moderate.
- But if you earn 3 lakhs per month, it might be on the lower side.
- The ideal credit limit should allow you to make necessary purchases without tempting you to overspend.
- Remember, a higher limit isn’t always better if it leads to more debt.
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