Need clarification regarding credit card

132°
Deal Newbie
cool_monk

I'm about to buy a laptop worth ₹83,000 which is on a offer of 10% cb if purchased through credit cards.. 

Unfortunately my HDFC cc credit limit is just ₹75,000. Now if I add ₹8000 in my credit card beforehand--- Can I buy the laptop normally without any over limit panalty while retaining the 10% cb benifit. Also I will pay the credit card bill immediately after the purchase as I am just interested in the cashback 

Please anyone guide me. Please 🙏

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.
26 Comments  |  
15 Dimers
  • Sort By
Deal Lieutenant Deal Lieutenant
Link Copied

No you can't

Deal Newbie Deal Newbie
Link Copied

💔

View 1 more reply
Deal Subedar Deal Subedar
Link Copied

no, it doesn't work like that.
btw if u want i can help with my hdfc cc.
DM.

Deal Subedar Deal Subedar
Link Copied

If applicable, use 8K gift vouchers and pay the balance within your credit limit.

Generous Generous
Link Copied
Amazon has stopped supporting payment with GC + Others.
View 4 more replies
Blaze Blaze
Link Copied

U can do that in one card I think but u need to pay overlimit panalty

Deal Newbie Deal Newbie
Link Copied

How please clarify 

Commentator Commentator
Link Copied

Yes. I have done such in the past. Search here, you will find many done that

Deal Newbie Deal Newbie
Link Copied

Where bro... Please reply 

Generous Generous
Link Copied

Disable the Overlimit, and then try to do that transaction.

Talk-Of-The-Town Talk-Of-The-Town
Link Copied

Call up cc and ask for advise... If your card usage and payments are good some banks give temporary limit increase for a specific period

Deal Newbie Deal Newbie
Link Copied

Really? 

View 2 more replies
Deal's Advocate Deal's Advocate
Link Copied

Risk !!!

Using 30% itself is Bad,

U want to use more than 100% that too in a single transaction.

Deal Subedar Deal Subedar
Link Copied

dont worry dont worry ITS SAFE TO USE 100% OF YOUR LIMIT ONCE A TIME, it will hardly affect your cibil by mostly 5 points and that will get restored in 2 months, so dont worry:) its not a big deal:)


this is worrysome only when you DO 100% ALWAYS, 


also this 100% usage is kinda good for limit enchancement too IF DONE ONCE IN A WHILE 



dont fall for this plain 30% utlization myth:) its myth myth:)

once in a while is perfectly fine

Cool Cool
Link Copied

Yes I did this exactly,

I bought a laptop worth 1 lakh 10 thousand with my icici credit card of limit 90000.

I prepaid 30000 to my credit card, It showed -30000 as limit.

I then ordered the laptop, got the offer within limits.

Just remember to prepay again and reduce the usage to less than 30% before bill is generated.

ICICI worked, can't 100% confirm for HDFC but might work.

Entertainer Entertainer
Link Copied

You can do that. Did it with my SBI CC.

Deal Cadet Deal Cadet
Link Copied

There will be a transaction limit set by you for each category. How come that can be more than your limits?

i think it may reject stating that purchase limit exceeded. so a single purchase would have that issue

Generous Generous
Link Copied
That issue is with Axis only. I don't know which other banks create issues for that.
Helpful Helpful
Link Copied

Change the limit to 0 in the App and then add funds 

almost works for all cc

replyuser
Click here to reply
Reply