Can sbi credit card be used for a transaction higher value the the limit by prepayment?

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Deal Subedar
chai_lover

pls help. I need to use card for the transaction amount more than the limit. Is it allowed? Any charges?

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Budding Star Budding Star
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Fk Gold?

Critic Critic
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I don’t think it is possible anymore, last year friend tried paying a bill more than credit limit by adding fund in advance but txn was declined saying something like max monthly txn limit reached.

Rajasthan Royals Rajasthan Royals
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not possible

Royal Challengers Bangalore Royal Challengers Bangalore
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nopr

Deal Captain Deal Captain
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Possible, did last week.

Deal Subedar Deal Subedar
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BAT_MAN wrote:

Fk Gold?

no, but yes offline jewellery store. 

Deal Subedar Deal Subedar
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7H4NO5 wrote:

Possible, did last week.

bro, can u share more details, others are saying it’s not possible.

Deal Lieutenant Deal Lieutenant
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https://www.sbicard.com/en/most-important-terms...

H. Overlimit fees – As a service gesture SBI Card may approve certain

transactions attempted by the cardholder which are over and above the

credit limit, please note that if the outstanding amount exceeds the

credit limit, an over-limit fee of 2.5 % of the over-limit amount or Rs.

600, whichever is higher will be levied. Over-limit status may also be

applied because of fees and/or interest charges. Over-limit fees will be

levied for every instance of the outstanding amount exceeding the

credit limit in a billing cycle.

Deal Cadet Deal Cadet
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used to work earlier
haven’t tested recently
see this thread-
Buy item Above the credit limit (Maybe Trick)

Please Visit
https://ddime.i...K1

Deal Cadet Deal Cadet
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My cousin paid cc bill of 20k through cred. But later SBI autodebited his account for that  20k as well. How can we get that amount back?

Deal Subedar Deal Subedar
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As per my knowledge its not possible as there is max transaction limit is set in the application and it cannot be more than Credit limit.
(Not tried but logically not possible)

Deal Lieutenant Deal Lieutenant
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chai_lover wrote:

no, but yes offline jewellery store. 

If u are planning to do transaction above the approved limit, 1 of 3 things can happen as per probability (Most to Least Probable)

1. Transaction will be declined and you will get message “..declined d/t exceeding the approved limit”.

2. Transaction might be successful but u will be charged for exceeding the approved limit. (referred to as Overdraft charges i think)

3. Transaction might be successful & no charges applied. 


Better Alternative to doing transaction above approved limit:- Divided the amount to be paid in 2-3 parts and Pay the amount in multiple transactions (amount to be paid in each transaction < Max Limit of Card).

1st Transaction-> Repayment to restore credit limit-> 2nd Transaction

E.g. Transaction Amount 1.5L and Approved CC limit is 1L.

1st transaction:- 50k

Repayment:- Then Add 50k to your Credit Card via CRED/PAYTM or any other source which repay your credit card bill immediately. Once u see that payment is credited to Card and credit limit is restored to 1L

2nd transaction:- 1L

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