Overlimit facility not working

[Ranger]

I am trying to do a transaction above the credit limit with overlimit facility enabled. The transaction is still getting declined.

 

[Shubham Yadav]

I am trying to do a transaction above the credit limit with overlimit facility enabled. The transaction is still getting declined.

Whats is your limit

How much you are trying to get

 

[varun__goel_]

I am trying to do a transaction above the credit limit with overlimit facility enabled. The transaction is still getting declined.

This might be because of the daily limit is set to max credit limit, suppose you have 1L limit, your daily limit would be 1L limit, so you won't able to make purchase above 1L. You will have to transact on two diff dates.

 

[RishiKiDev]

This might be because of the daily limit is set to max credit limit, suppose you have 1L limit, your daily limit would be 1L limit, you will have to transact on two diff dates.

Yes that's the most probable reason.
Also the over limit provided depends upon the issuing bank.
Mostly it is around extra 10% of your credit limit.
If you are using too much then bank can decline as the over limit txn is at the mercy of the issuing bank.

 

[Ranger]

Whats is your limit

How much you are trying to get

The amount is 12k more than the credit limit

 

[Ranger]

Yes that's the most probable reason.
Also the over limit provided depends upon the issuing bank.
Mostly it is around extra 10% of your credit limit.
If you are using too much then bank can decline as the over limit txn is at the mercy of the issuing bank.

Sbi card is upto 50%

 

[RishiKiDev]

Sbi card is upto 50%

Check your MITC document or on SBI Cards website it's clearly mentioned that
Amount allowed for Overlimit Transaction is at discretion of SBI Cards.

Its not like Axis that you get to set percent limit.

 

[RishiKiDev]

The amount is 12k more than the credit limit

How much is the credit limit?
What percent are you trying to exceed if you're not comfortable to share your credit limit?

 

[Ranger]

How much is the credit limit?
What percent are you trying to exceed if you're not comfortable to share your credit limit?

Its Around 8%

 

[Dr. Drake]

Aur yaha mein sbi ko mail Kar Kar ke pareshan ho gaya, overlimit band hone ke baad bhi transaction approve kyu hua.
Charges reversal karwate karwate 3week + 6ghante ka meditation lag gaya to keep up with sbi support

Mat kariye bhaisahab not worth

 

[Ranger]

Aur yaha mein sbi ko mail Kar Kar ke pareshan ho gaya, overlimit band hone ke baad bhi transaction approve kyu hua.
Charges reversal karwate karwate 3week + 6ghante ka meditation lag gaya to keep up with sbi support

Mat kariye bhaisahab not worth

The hell 😂

 

[yourmemebro]

Question: My current limit on the SBI CB card is just 20k and I have many transactions coming up next month amounting to ~60k. Let's say if I do a transaction of 15k and pay it immediately, and do it 4 times to complete all my transactions, will it be considered as an over limit usage?

 

[6ix9ine]

Question: My current limit on the SBI CB card is just 20k and I have many transactions coming up next month amounting to ~60k. Let's say if I do a transaction of 15k and pay it immediately, and do it 4 times to complete all my transactions, will it be considered as an over limit usage?

Nope, it's completely fine.