Pre-2025 ban on unsolicited credit limit increase invitations
Credit card limit increase offers cannot be sent without prior written consent.
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Who must comply
Credit card issuers.
What triggers it
Making credit limit increase offers.
When due
Continuous.
Evidence required
Consent records + audit trails.
Max penalty
Civil penalties up to $15.65M / 3× benefit / 10% turnover
Summary
From 1 January 2019, s 133BE NCCP Act prohibits credit providers from making credit limit increase invitations without express prior consent from the consumer. Periodic re-consent + opt-out provided.
Enforced by
Source legislation
Industries
Topics
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Source: https://asic.gov.au/regulatory-resources/credit/. Rules Mate is not a law firm. Always verify against the live regulator source before acting.