Yes Bank CC Query

Like Magnet

I have a Yes Bank CC in my father's name. The card limit is 1.2l. I need to do 3 transactions(same day) worth 1 lakh each, so a total of 3 lakhs.

I don't have the over-limit facility turned on the credit card. so here is my plan:

  • I'll first do the first transaction worth 1lakh. after the transaction, I'll pay the bill of 1lakh to the credit card. 
  • Within 5 min of paying the bill through MobiKwik(It will be credited instantly as I have tested it earlier for Yes bank CC), I'll again initiate the second transaction.
  • I'll repeat the same thing for the 3rd transaction. Again after doing the 3rd transaction, I'll pay 1 lakh as a bill to my CC immediately.

Now my question is: 

As the credit card has a lower credit limit than the amount of transactions, will Yes Bank charge me anything for the transactions I do?

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Blaze Blaze
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No. Go ahead with plan.

Like Magnet Like Magnet
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Thanks a lot for confirming.
Flame Flame
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Nothing extra at all. But be informed that they will report 100% utilisation to the credit bureaus.

Like Magnet Like Magnet
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Even if I pay the bill just after using it?
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Benevolent Benevolent
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they may block card temp as its 3 times limit, so have alternate plan also

Helpful Helpful
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perfect go ahead

Deal Subedar Deal Subedar
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I have done this. Nothing will happen. Go ahead

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