https://www.desidime.com/discussions/can-i-spend-more-then-credit-limit-by-paying-in-advance?page=1#post_9568106
Yes 💯
Can I spend more then credit limit by paying in advance?
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Sorry, if duplicate.
Needed to know if I have a limit of 50K and spend 45K and immediately pay 45K, will I be able to spend again till 50K?
If yes, can I do this many times or is there something I should know, any charges etc.
Thanks in advance
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https://www.desidime.com/discussions/can-i-spend-more-then-credit-limit-by-paying-in-advance?page=1#post_9568140
Just gotta enable over limit facility
https://www.desidime.com/discussions/can-i-spend-more-then-credit-limit-by-paying-in-advance?page=1#post_9568153
Over limit facility attract charges right?
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https://www.desidime.com/discussions/can-i-spend-more-then-credit-limit-by-paying-in-advance?page=1#post_9568226
Roger that. Thanks
https://www.desidime.com/discussions/can-i-spend-more-then-credit-limit-by-paying-in-advance?page=1#post_9568517
Anyways banks Not Allowing Overpay of Credit Card Dues; Refunding Excess Money. As per reports, leading banks like HDFC Bank, SBI Card, and Axis Bank have updated their applications to disallow customers from exceeding their outstanding amounts through their apps. A spokesperson from HDFC Bank emphasized the rationale behind this policy, stating that customers cannot hold excess funds within their credit cards, clarifying that credit cards are intended as lending products, not savings accounts.
They referenced recent guidelines mandating banks to refund any excess credit balances within a specified period. The spokesperson emphasized that a credit card operates differently from a prepaid card product, which permits loading and utilization of funds
https://www.desidime.com/discussions/can-i-spend-more-then-credit-limit-by-paying-in-advance?page=1#post_9568529
Where will they refund they don't have bank account details 😂
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https://www.desidime.com/discussions/can-i-spend-more-then-credit-limit-by-paying-in-advance?page=1#post_9568623
Don't breach credit limit..
Don't repay and use also.. Banks have started to take these things seriously in audit..
Instead use anybody else's card to take benefit..
Follow @ nebula_world on twitter for more info
https://www.desidime.com/discussions/can-i-spend-more-then-credit-limit-by-paying-in-advance?page=1#post_9615343
I have a limit of 20k and I want to purchase a product of 27k... Can I pay an advance of 8-10k and do the transaction... Plz let me know fast....
Mine is Sbi cashback credit card
@neel648 @Demon_slayer
https://www.desidime.com/discussions/can-i-spend-more-then-credit-limit-by-paying-in-advance?page=1#post_9615597
no you cant.
better is, pay 7000 with gift card and remaining with sbi cc
better is, pay 7000 with gift card and remaining with sbi cc
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Btw I'm talking about idfc first card. Other card tnc may vary
Yes it does, but you dont need to enable it. That is for when you want to do a single transaction of amount higher than limit. For normal small transactions, you can pay and use again as much as you want
Anyways banks Not Allowing Overpay of Credit Card Dues; Refunding Excess Money. As per reports, leading banks like HDFC Bank, SBI Card, and Axis Bank have updated their applications to disallow customers from exceeding their outstanding amounts through their apps. A spokesperson from HDFC Bank emphasized the rationale behind this policy, stating that customers cannot hold excess funds within their credit cards, clarifying that credit cards are intended as lending products, not savings accounts.
They referenced recent guidelines mandating banks to refund any excess credit balances within a specified period. The spokesperson emphasized that a credit card operates differently from a prepaid card product, which permits loading and utilization of funds