What's over limit in credit card?

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dgyaan727

Credit card doesn't allow spending beyond its limit so what's over charge limit? 

My idfc cc has 50K limit, I already spent 10K, now if I pay 10K via cred before generation of bill and purchase something worth 50K will I b charged any fees?? 


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No. But pay 60 - 70% before Billing date.
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satraghav wrote:
No. But pay 60 - 70% before Billing date.

Why any reason?? How does it help??

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Ash-D wrote:

Why any reason?? How does it help??

To decrease credit utilisation ratio.
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tappukepapa wrote:
To decrease credit utilisation ratio.

Ohh so what should be the ideal utilisation ratio 30%??

Also is this applies commutative for all cards or just for a individual one.

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I have used 100% of my credit limit for 4-5 months.. . 🤨🤨 Never got rejected for any cc that doesn't require income proof.. 

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dgyaan727 wrote:

I have used 100% of my credit limit for 4-5 months.. . 🤨🤨 Never got rejected for any cc that doesn't require income proof.. 

If you have only one CC, then it will affect. If more than one, average among existing CC will be counted for credit rating.
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I have done this overlimit usage couple of times like 10% more limit than the existing credit limit like if my cred limit was 1lakh  I made a transaction of 1.09+ but below 1.10 lakh but paid the difference of 9k+ within settlement ie 2-3days of transaction on multiple cards of SBI/ICICI/KOTAK and never got charges of overlimit

I am not considering cibil impact here as my usage would be in early to late teens on my entire cards limit...so not a issue 

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dgyaan727 wrote:

I have used 100% of my credit limit for 4-5 months.. . 🤨🤨 Never got rejected for any cc that doesn't require income proof.. 

Which credit cards dont require Income proof? 

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shivrajsingh wrote:

Which credit cards dont require Income proof? 

Sbi sprint, idfc first, axis, 

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rahulsoni0706846 wrote:
Which can be applied on c2c

They still need working proof.  I need some cards for my wife who is housewife.

She has Flipkart Axis 35k limit. 

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