EMI Query

[Im_Gk14]

Hi, Can I overpay my credit card and make a big purchase on EMI?
Like For example - My limit is 40k & want to purchase 50k product. Will add 10k to my card & ll the transaction be approved/ declined?
will they charge over the limit fee ?
any experience?

 

[Im_Gk14]

can someone help?

 

[NShah]

Hi, Can I overpay my credit card and make a big purchase on EMI?
Like For example - My limit is 40k & want to purchase 50k product. Will add 10k to my card & ll the transaction be approved/ declined?
will they charge over the limit fee ?
any experience?

No as per new Government and Rbi guidelines you cannot overpay but you can use overlimit facility there is some charges