Yes Bank CC Query
- 348
- 14
-
- Last Comment
I have a Yes Bank CC in my father's name. The card limit is 1.2l. I need to do 3 transactions(same day) worth 1 lakh each, so a total of 3 lakhs.
I don't have the over-limit facility turned on the credit card. so here is my plan:
- I'll first do the first transaction worth 1lakh. after the transaction, I'll pay the bill of 1lakh to the credit card.
- Within 5 min of paying the bill through MobiKwik(It will be credited instantly as I have tested it earlier for Yes bank CC), I'll again initiate the second transaction.
- I'll repeat the same thing for the 3rd transaction. Again after doing the 3rd transaction, I'll pay 1 lakh as a bill to my CC immediately.
Now my question is:
As the credit card has a lower credit limit than the amount of transactions, will Yes Bank charge me anything for the transactions I do?
Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
13 Comments
|
7 Dimers
- Sort By
https://www.desidime.com/discussions/yes-bank-cc-query-da30a85f-c860-4ca5-aa94-bfa0ee5d74fa?page=1#post_10039239
Nothing extra at all. But be informed that they will report 100% utilisation to the credit bureaus.
https://www.desidime.com/discussions/yes-bank-cc-query-da30a85f-c860-4ca5-aa94-bfa0ee5d74fa?page=1#post_10039294
Even if I pay the bill just after using it?
View 6
more replies
https://www.desidime.com/discussions/yes-bank-cc-query-da30a85f-c860-4ca5-aa94-bfa0ee5d74fa?page=1#post_10040141
they may block card temp as its 3 times limit, so have alternate plan also
https://www.desidime.com/discussions/yes-bank-cc-query-da30a85f-c860-4ca5-aa94-bfa0ee5d74fa?page=1#post_10040534
perfect go ahead
https://www.desidime.com/discussions/yes-bank-cc-query-da30a85f-c860-4ca5-aa94-bfa0ee5d74fa?page=1#post_10042504
I have done this. Nothing will happen. Go ahead
Click here to reply
Reply
No. Go ahead with plan.