How to Increase Your Flipkart Pay Later Limit? (4 Ways)

Flipkart Pay Later is a convenient payment option offered by Flipkart that allows you to shop now and pay later. While it starts with a pre-assigned credit limit, many users desire to increase Flipkart pay later limit for larger purchases. Unfortunately, there is currently no direct way to request a credit limit increase for Flipkart Pay Later. However, there are certain steps you can take to improve your chances of getting your limit automatically increased by Flipkart.

Factors Affecting Your Credit Limit

Flipkart Pay Later assigns credit limits based on various factors, including:

• Creditworthiness: This includes your credit score, credit history, and existing debts.
• Purchase history: Your past purchase behavior on Flipkart, including the number and value of purchases, returns, and cancellations.
• Payment history: Your track record of timely bill payments for Flipkart Pay Later.
• Income information: If you have provided your income details to Flipkart, it may be considered in determining your credit limit.

Things To Do Before Applying For Flipkart Pay Later Limit Increase?

1. Activate your Flipkart Pay Later feature

• Open the Flipkart app and navigate to the “Account” section.
• Select “Flipkart Pay Later” and follow the activation prompts.

This shows Flipkart your interest in using the service and allows them to consider increasing your limit.

2. Update your KYC and other details

Ensure your PAN card, Aadhaar card, and bank details are linked and updated in your Flipkart account.
This helps Flipkart assess your creditworthiness and potentially increase your limit.

Strategies to Increase Your Flipkart Pay Later Limit

While Flipkart does not allow direct requests for credit limit increases, here are some strategies you can implement to increase your chances of automatic limit increases:

#1. Maintain a good credit score and credit history

Credit scores play a crucial role in the credit limit that you get on pay-later services or credit cards. If your credit score is good then you are most likely to get a higher credit limit. So if you want to get a higher credit limit in Flipkart pay later, you should try to improve your credit score. Below are some of the key tips that will help you to improve your credit score which will eventually increase your Flipkart pay later limit:

• Pay all your bills on time: Consistently paying all your bills on time, including credit cards, buy-now-pay-later accounts, and loan EMIs, is crucial for building a positive credit history. Credit bureaus monitor your payment behavior, and consistent on-time payments send positive signals, boosting your credit score over time. 
• Maintain Low Credit Utilization: Aim to keep your credit utilization ratio low. It is the amount of credit you are using compared to your total credit limit. Ideally you should keep your credit utilization ratio below 30%. Maintaining a low utilization ratio demonstrates responsible credit management and positively influences your credit score.
• Avoid Frequent Credit Applications: Applying for numerous credit lines in a short period can negatively impact your credit score. Each application triggers a “hard inquiry” on your credit report, which can temporarily lower your score. Limiting credit applications demonstrates responsible credit management and helps maintain a healthy credit score

#2. Build a positive purchase history on Flipkart

• Make regular purchases on Flipkart using Flipkart Pay Later.
• Choose higher-value purchases to showcase your creditworthiness.
• Avoid returns and cancellations as much as possible.

#3. Update your income information

• If you haven’t already, provide your income details to Flipkart.
• This information helps Flipkart assess your creditworthiness and may lead to a higher credit limit.

#4. Maintain an active Flipkart account

• Regularly use your Flipkart account for shopping and browsing.
• This demonstrates your active engagement with the platform and may influence your credit limit.

So now the answer to your question can be given in simple words:

How To Increase Flipkart Pay later limit? =Good credit score + responsible Flipkart usage + updated income + active account.

Alternatives to Increase Your Purchasing Power

If you want to purchase something and you are not able to purchase that since your Flipkart pay limit is low then you should try these payment options:

• Flipkart EMI options: Explore the Flipkart EMI options offered on select products.
• Credit cards: Consider using a credit card for purchases with larger credit limits.

While buy now, pay later services can be convenient, it’s important to remember that they are still a form of credit. This means you are borrowing money and will need to pay it back with interest. Only use these services when you truly need the product and can afford the repayments. Avoid using them for impulse purchases or to satisfy unnecessary wants. Responsible credit use is key to maintaining financial stability.

Related: How To Increase Amazon Pay Later Limit?

Conclusion

While there’s no direct way to increase your Flipkart Pay Later limit, you can improve your chances of an automatic increase by following the strategies mentioned above. Remember, responsible credit behavior and a positive track record on Flipkart are key to unlocking a higher credit limit. Be patient, consistent, and responsible with your finances to enjoy the convenience of Flipkart Pay Later for all your shopping needs.

Increasing Flipkart Pay Later Limit: FAQs

Unfortunately, Flipkart does not currently offer a direct way for users to increase their Pay Later limit. However, there are ways to indirectly influence your limit increase, based on information gleaned from user queries on Google

Can I request a Flipkart Pay Later limit increase?

No, there is currently no option to directly request a limit increase. However, by consistently using Flipkart Pay Later and making timely payments, you can improve your creditworthiness in their eyes. This could lead to an automatic increase in your limit over time.

How long does it take for my Pay Later limit to increase after I start using it regularly?

There’s no fixed timeframe. The frequency and amount of your purchases, as well as your payment behavior, influence the review schedule. Limit increases can happen every few months or upon significant changes in your financial profile.

Can I use my Flipkart Pay Later limit on Myntra and Shopsy?

Yes, your Pay Later limit is applicable across Flipkart, Myntra, and Shopsy, offering a unified shopping experience.

Does using Flipkart Pay Later on EMI impact my limit increase chances?

Yes, using EMI demonstrates your ability to manage larger purchases responsibly and can positively impact your limit increase chances.

Is Flipkart Pay Later secure?

Yes, Flipkart employs industry-standard security measures to protect your financial data. They also offer dispute resolution options if you encounter any unauthorized transactions.

Kuldeep Kumar

Hey there! I’m Kuldeep Kumar, and tech is my jam. From the mind-blowing world of AI to the thrilling battlegrounds of cybersecurity, I love exploring every corner of this amazing world. Gadgets? I geek out over them. Hidden software tricks? Bring ’em on! I explain it all in clear, bite-sized chunks, laced with a touch of humor to keep things sparky. So, join me on this tech adventure, and let’s demystify the wonders of technology, one blog post at a time.