Help regrading credit card spend

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I’ve SBI simply click credit card which has credit limit 1,60000 and cash limit 80,000. SO this credit card used in few purchases only online this month . Now its total outstanding 84,537 and cash limit decreased to 75462. I thought cash limit is totally other quota and I’m wrong , total credit limit also include cash limit also. SO due to cash quota used in online purchase did I attract interest on my spend ????

16 Comments  |  
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Deal Subedar
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U wont incur any charges… Cash limit is usually a portion of credit limit from which u can withdraw cash from atm … The available cash limit varies based on the available credit limit….

U can spend entire 160000 for purchases without worrying abt cashlimit..

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TheTeddy wrote:

U wont incur any charges… Cash limit is usually a portion of credit limit from which u can withdraw cash from atm … The available cash limit varies based on the available credit limit….

U can spend entire 160000 for purchases without worrying abt cashlimit..

Thanks for your answer

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Based on the nos you’ve mentioned, it looks like the entire credit limit includes the cash limit as well. I am no expert though

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schumacher wrote:

Based on the nos you’ve mentioned, it looks like the entire credit limit includes the cash limit as well. I am no expert though

Yes, xperts are not sharing their views

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Cash limit on simply click is 50% of total credit limit.

Which means if u want to withdraw cash max 50% u can withdraw. But if you want to spend online or do pos transcation or bills or any other spends except cash withdrawal u can use 100% and even a few 1000s more than the credit limit.

But since u have spent more than 50% of Ur limit it will automatically decrease from cash limit.which means u can withdraw remaining balance from cc through ATM any point of time.

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kirandr221996 wrote:

Cash limit on simply click is 50% of total credit limit.

Which means if u want to withdraw cash max 50% u can withdraw. But if you want to spend online or do pos transcation or bills or any other spends except cash withdrawal u can use 100% and even a few 1000s more than the credit limit.

But since u have spent more than 50% of Ur limit it will automatically decrease from cash limit.which means u can withdraw remaining balance from cc through ATM any point of time.

So I’ll not charged any interest for pos transaction

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Aveejeet wrote:

So I’ll not charged any interest for pos transaction

You won’t be charged anything if u use within 1.6L

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Aveejeet wrote:

So I’ll not charged any interest for pos transaction

Yes, just don’t forget to repay on time. smile

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Deal Lieutenant
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no interest will be payable,
worry not

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Take care brother, don’t cross 70-75% of total limit. It will hamper your credit score

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kirandr221996 wrote:

Cash limit on simply click is 50% of total credit limit.

Which means if u want to withdraw cash max 50% u can withdraw. But if you want to spend online or do pos transcation or bills or any other spends except cash withdrawal u can use 100% and even a few 1000s more than the credit limit.

But since u have spent more than 50% of Ur limit it will automatically decrease from cash limit.which means u can withdraw remaining balance from cc through ATM any point of time.

Will there be any issue if I pay few hundreds more than my billed amount?

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Aveejeet wrote:

Will there be any issue if I pay few hundreds more than my billed amount?

No issue if you pay more than the billed amount. It will be added as extra credit and will be adjusted in next month’s cycle.

the issue is if you pay less – then it will charge interest on the total amount.

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