Credit card to credit card balance

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I want to transfer balance from one credit card to another so that I can buy over limit purchase.

Example is suppose I have credit card with 1 lakh limit and another with 80000 limit. I want to transfer 80000, so that I can buy a product worth 1,50,000

Is it possible to do such a thing and what are cons of it?

35 Comments  |  
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Deal Lieutenant
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I am not 100% sure(99.99% sure though) but I don’t think it works that way
wait for others who are sure to comment

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Deal Subedar
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No bro.. Limit transfer from one card to other credit card is not possible.

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manish.kumar19 wrote:

No bro.. Limit transfer from one card to other credit card is not possible.

Limit Transfer is available only in Sbi Credit Cards with the charges.

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It’s not limit transfer, it’s termed as balence transfer on emi(i.e transfer of one card to another card outstanding amount)" with charges"

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Deal Newbie
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Is there a way we can use 2 different credit cards for the purchase of single item or order in amazon, Flipkart.

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ursvaru1244 wrote:

It’s not limit transfer, it’s termed as balence transfer on emi(i.e transfer of one card to another card outstanding amount)" with charges"

What does it mean? I have sbi simply click card. Can I transfer my ICICI limit to this card?

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make 50k extra payment on 1L limit card and buy the product

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digitalworld wrote:

What does it mean? I have sbi simply click card. Can I transfer my ICICI limit to this card?

Yes balence transfer  but to it’s max limit

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Buy Amazon/Flipkart gift card using both credit cards and use the gift card to purchase the item.

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karanoshan wrote:

make 50k extra payment on 1L limit card and buy the product

Even then you can NOT do a transaction > original card limit, in this case like txn > 1lac will incur over limit charges.

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caks2006407 wrote:

Even then you can NOT do a transaction > original card limit, in this case like txn > 1lac will incur over limit charges.

No Bro i dont think so
I do this every other day, never faced any issues
till you have extra credit balance, no bank has stopped from doing transaction or charged anything extra

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karanoshan wrote:

No Bro i dont think so
I do this every other day, never faced any issues
till you have extra credit balance, no bank has stopped from doing transaction or charged anything extra

They won’t charge ,but still excess payment is not that safe

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karanoshan wrote:

No Bro i dont think so
I do this every other day, never faced any issues
till you have extra credit balance, no bank has stopped from doing transaction or charged anything extra

I did not really try it but asked YesBank CC and they said it will trigger over limit charges or decline.

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Balance transfer possible with extra fees

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Aveejeet wrote:

Balance transfer possible with extra fees

Balance transfer is paying CC that has high interest charges with that of lower interest charges.. OP has asked about credit limit transfer and it is not possible.. Better check for credit limit enhancement if u r using CC for more than 6 months

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Deal Cadet
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It’s possible with icici instant credit card (against fd) but not with credit card limit transfer. You have to load extra money and payment will be done. For other, you may be charged with over limit fee.

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caks2006407 wrote:

I did not really try it but asked YesBank CC and they said it will trigger over limit charges or decline.

I do this every week with yes bank, they have given me a low credit limit, with multiple EMI running, all limit is used up, hence i make additional payments and use their card.
Never faced any issue except once when while calculating the statement their system calculated a negative balance and charged me 500, which was later reversed after a mail

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karanoshan wrote:

No Bro i dont think so
I do this every other day, never faced any issues
till you have extra credit balance, no bank has stopped from doing transaction or charged anything extra

Yes, we can do that.

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Deal Newbie
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Buy gv from one card and pay balance in other card.

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Deal Subedar
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karanoshan wrote:

I do this every week with yes bank, they have given me a low credit limit, with multiple EMI running, all limit is used up, hence i make additional payments and use their card.
Never faced any issue except once when while calculating the statement their system calculated a negative balance and charged me 500, which was later reversed after a mail

How come they have give low limit for yes first exclusive, may I know approx figure?

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caks2006407 wrote:

Even then you can NOT do a transaction > original card limit, in this case like txn > 1lac will incur over limit charges.

You can. No extra fee. Even if CC says extra fee, it’s wrong info. Try it. I have tried it with Amex, ICICI, Yesbank, SBI. Never faced a problem.

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sobirvs wrote:

You can. No extra fee. Even if CC says extra fee, it’s wrong info. Try it. I have tried it with Amex, ICICI, Yesbank, SBI. Never faced a problem.

@karanoshan
So to be clear, my AmazonPay ICICI issued with limit Rs 1,10,000
(All dues clear+No unbilled so Rs 1.1lac limit available)
and I deposit another 40K so the available limit now is Rs 1,50,000
Now can I purchase an item, say laptop, worth Rs 1,49,000? without overlimit charges n txn declines?
Your answer is YES and you people did similar txns exceeding card issued limit with excess deposit – am I correct?
I will also try next time.Tq

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caks2006407 wrote:

@karanoshan
So to be clear, my AmazonPay ICICI issued with limit Rs 1,10,000
(All dues clear+No unbilled so Rs 1.1lac limit available)
and I deposit another 40K so the available limit now is Rs 1,50,000
Now can I purchase an item, say laptop, worth Rs 1,49,000? without overlimit charges n txn declines?
Your answer is YES and you people did similar txns exceeding card issued limit with excess deposit – am I correct?
I will also try next time.Tq

Yes you can
However which laptop you are buying for 1.5 lac?

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karanoshan wrote:

make 50k extra payment on 1L limit card and buy the product

Not Possible

suppose you have ICICI card with limit of 1 lakh and you had made 50k extra payment, now card will show that current available limit is 1.5 lakh but txn of above 1 lakh will be declined by ICICI.

Personally Verified

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digitalworld wrote:

Is there a way we can use 2 different credit cards for the purchase of single item or order in amazon, Flipkart.

1st of shortfall limit and apply gv while doing txn and pay rest using card

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karanoshan wrote:

I do this every week with yes bank, they have given me a low credit limit, with multiple EMI running, all limit is used up, hence i make additional payments and use their card.
Never faced any issue except once when while calculating the statement their system calculated a negative balance and charged me 500, which was later reversed after a mail

Just Want to know that as you are running multiple EMIs and you overpay to use your card, do you still use it under the limit given by bank or do you use above the total limit. eg your bank has given you a limit of 50K you have used up your card upto 45k and will be paying in EmI, now
1) you over pay 15k and use for 20K(still under the total Limit)
2) you over pay 50K and use for 55K (above the bank total Limit)

because as far as i understand the bank wont charge you anything in first scenario,
but on the second one they might not even allow you to use over limit in a single transaction.

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ashishgupta25 wrote:

Just Want to know that as you are running multiple EMIs and you overpay to use your card, do you still use it under the limit given by bank or do you use above the total limit. eg your bank has given you a limit of 50K you have used up your card upto 45k and will be paying in EmI, now
1) you over pay 15k and use for 20K(still under the toatal Limit)
2) you over pay 50K and use for 55K (above the bank total Limit)

because as far as i understand the bank wont charge you anything in first scenario,
but on the second one they might not even allow you to use over limit in a single transaction.

I do second scenario, never faced any issue with yes bank

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