You said you were able to secure an iPhone already? Does that mean it was approved and now you are in possession of the iPhone? If yes, then there is no need to apply for a credit limit increase.
Otherwise, if you pre-ordered, you might wanna check the status by calling 211 or 027301300 for recontracting.
But for info: Your credit limit is 1500 with Plan 599. The handset cost is 1615 per month. 1500-599 = 901. 901 can be used for cash out. However, 901 - 1615 = -714. So you need to request for an increase of at least 714. Meaning from 1500, it needs to be increased up to 2214. (Please correct me if i am wrong.)
Yup the phone is with me already. I didn't have to increase my credit limit when i applied for it but based on your info, looks like i need to. I wonder why this isnt flagged during the whole application process. Its a problem waiting to happen!
Thanks for the help!
Well, since you are using the phone already,no need to request for an increase, Baka naka increased na.
Hi! May i know what exactly have you passed as proof of income para maavail yang credit limit na pwedeng charged-to-bill yung cashout ng iphone 6 thanks. Baka pwedeng gayahin ko nalang hehe
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@/yes!/u/api/core/v3/people/68510/ the fact that you were allowed for CTB means you have a good credit standing. But if Globe will not auto increase your credit, you may not have enough "revolving credit" for your usage every month. The deferred gadget cashout will be charged to your bill comes your cut off and if your credit limit will not be increased, then you need to pay religiously on or before your due date to avoid service interruption.
As what has been suggested, you may request for a higher credit limit yourself but definitely you will be required to submit financial documents to support your request. You can request for a max of 2x your existing credit limit.
Another way is to upgrade your plan but you just have been re-contracted so I am not sure of the actual repercussions if you want to do this and it may be more complicated.
Hi neilph thanks for the info! The way I understand it, since my bill is auto-charged to my credit card, I always end up "paying religiously" at least in the eyes of Globe, and therefore it seems since the gadget charge comes after the cut-off, then i won't have an issue with the credit limit (as long as my Globe charges fall below my credit limit of 1500).
In any as suggested i have requested to have my credit limit increased just to avoid issues during emergencies! Don't want to upgrade my plan as I'm happy with All Unli 599, I have access to wifi most of the time and when I need data, i just go for the 5PHP/15 mins rate, a lot cheaper
chefpoy to answer your question I initially submitted ITR but they asked for additional docs, so I submitted a latest payslip and they processed it. Globe gave me a table below to show how much CL i can get, but the max change i can get is 2x of my current CL.Gross Monthly Income (GMI) Range (PHP)
Credit Limit Assignment
10,000 to 11,999
12,000 to 12,499
12,500 to 14,999
15,000 to 19,999
20,000 to 24,999
25,000 to 29,999
30,000 to 34,999
35,000 to 39,999
40,000 to 44,999
45,000 to 49,999
50,000 and above
GMI x .10 rounded to the lower 1,000 multiple
Thanks guys for the help! Hope this helps others too.