Doubts about the negative balance in the credit card

[JoshuaJebaraj]

Hey folks I recently got my Flipkart credit card with 35k balance, I am planning to buy the iphone during the upcoming sale which cost around 55k (Assumption) So what I am planning to do is pay 20k to my credit card and pay the full amount via credit card

I have a few doubts regarding this process

1. If I pay 20k how long will it take to reflect on my credit card limit
2. Does the extra 20k also gets the cashback or will I get only cashback for the 35k
3. Also, will it affect the CIBIL score by any chance

 

[Chaitanya-a]

This won't work. Even if you add higher balance than the limit, your maximum payment limit is set at ₹35k.

You would have to switch on Overlimit facility which would in turn cost you more than the Cashback.

 

[Mr. Aman]

Hey folks I recently got my Flipkart credit card with 35k balance, I am planning to buy the iphone during the upcoming sale which cost around 55k (Assumption) So what I am planning to do is pay 20k to my credit card and pay the full amount via credit card

I have a few doubts regarding this process

1. If I pay 20k how long will it take to reflect on my credit card limit
2. Does the extra 20k also gets the cashback or will I get only cashback for the 35k
3. Also, will it affect the CIBIL score by any chance

buy a Flipkart voucher of 20k and then pay remaining 35k by your card

Hey folks I recently got my Flipkart credit card with 35k balance, I am planning to buy the iphone during the upcoming sale which cost around 55k (Assumption) So what I am planning to do is pay 20k to my credit card and pay the full amount via credit card

I have a few doubts regarding this process

1. If I pay 20k how long will it take to reflect on my credit card limit
2. Does the extra 20k also gets the cashback or will I get only cashback for the 35k
3. Also, will it affect the CIBIL score by any chance

buy a Flipkart voucher of 20k and then pay remaining 35k by your card
and there is zero impact on cibil