If we have 20000 limit of a cc and we add 1000 extra and made a payment of 21000 on eCommerce site we have to pay overlimit chargers can anyone confirm please?
Over limit charges occurs when u spend more than ur limit and outstanding is more than ur limit.
Since u already paid 1000 extra and paying extra 1000 shouldn't attract over limit charges.
However some banks does NOT let u pay more than ur limit even if u prepay some amount, ( example bob cards)
Some banks does let u pay more than ur limit if u prepay some amount (idfc).
From my experience few months ago with idfc,I think, I tried to pay from a cc more than my limit and it didn't go through at first then I turned overlimit on then did the txn but I wasn't charged extra for over limit usage since my outstanding wasn't more than my limit as I prepaid some extra amount.
But these terms and conditions vary bank to bank. It's ur choice whether u chose to proceed with the risk or not.