Question related to over limit fee

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Can we spend more than credit limit using sbi click credit card. i have to make payment of 1 lacs

but my limit is 55000. Can I first make payment of 50000 using card on first day and then pay the credit card 50000, Then again make payment of 50000 on next day. in that case will i be changed over limit fee. anyone have experienced such thing with sbi simple click card?

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Over limit would be applicable if you make payment above 55k in one shot. The method you have mentioned above is perfectly fine plus1

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CaShBaCkUnLiMiTeD wrote:

Over limit would be applicable if you make payment above 55k in one shot. The method you have mentioned above is perfectly fine plus1

thanks for confirmation

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Once I had asked CC for the same thing.

Suppose my credit limit is 10k and I have to make payment of 15k, can I deposited 5k in credit card and make payment of 15k ?

They said no, confirmed the same with two companies

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myfungang829 wrote:

Once I had asked CC for the same thing.

Suppose my credit limit is 10k and I have to make payment of 15k, can I deposited 5k in credit card and make payment of 15k ?

They said no, confirmed the same with two companies

OP scenario is different .. you were trying to make payment more than your credit limit on a single txn whereas op is trying to split the payment in 2 separate txns where he is acting off immediately after the txn is done ..

OP, while your method is fine, just ensure that your credit is applied to card before you do your 2nd txn

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indiansoul wrote:

OP scenario is different .. you were trying to make payment more than your credit limit on a single txn whereas op is trying to split the payment in 2 separate txns where he is acting off immediately after the txn is done ..

OP, while your method is fine, just ensure that your credit is applied to card before you do your 2nd txn

Ya, I understood that, but was just trying to put this thing for others

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Op overlimit fee would be applicable as per my opinion
Here credit limit is rs 55000 means you can spend rs 55000 from card in one month . Your payment would not be considered

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mrcool999 wrote:

Op overlimit fee would be applicable as per my opinion
Here credit limit is rs 55000 means you can spend rs 55000 from card in one month . Your payment would not be considered

No Bro. Above info is correct.

Limit is how much amount you can borrow from bank at any point of time.

So if you have returned (paid) the borrowed money then you can again borrow (spend) upto your card limit.

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