SBI Card Lessons learned while paying more then the credit limit from SBI Card

[priyanshurajput19]

according to rules its attract over limit charges..

I don’t think it’s over limit. Then I have turned the over limit feature in my app. It’s like suppose I make a payment of one lakh rupees from a card and and pay the outstanding, and then cancel that product.

 

[priyanshurajput19]

Quick question - If I pay more than my limit and then transact the amount which is higher than my sanctioned limit, (but still falls under the temporary credit that I have paid), will I have to bear overlimit charges? Will the transaction go through?

I didn’t incurred any transaction charges or over limit charges

 

[kgaurav00]

I don’t think it’s over limit. Then I have turned the over limit feature in my app. It’s like suppose I make a payment of one lakh rupees from a card and and pay the outstanding, and then cancel that product.

if you are right then no difference between 10k & 500k limit users. Anyone top-up their card with desired limit and make purchase.

 

[priyanshurajput19]

if you are right then no difference between 10k & 500k limit users. Anyone top-up their card with desired limit and make purchase.

Its seems to me too and please correct me if i am wrong, but a 500k limit user can purchase things on credit, but in this case, it is more of being used as a debit card.

 

[bing1309]

Yes, even SBI didn’t allow it. The only way to go over limit is to pay for your card through NEFT transfer.

Not payment even transaction let's say you have credit limit of 1.4l but there is a item you have to purchase of 1.6l you might add another 20k as extra to your cc and your limit in negative shows 1.6l but when you try to swipe for 1.6l the transaction decline stating limit capped to 1.4l so this excess add and pay will also be blocked because to encourage overlimit to make money out of you despite you have money

 

[priyanshurajput19]

Not payment even transaction let's say you have credit limit of 1.4l but there is a item you have to purchase of 1.6l you might add another 20k as extra to your cc and your limit in negative shows 1.6l but when you try to swipe for 1.6l the transaction decline stating limit capped to 1.4l so this excess add and pay will also be blocked because to encourage overlimit to make money out of you despite you have money

Then may be i was just lucky😝

 

[kgaurav00]

Then may be i was just lucky😝

Yeah you ar lucky one..