Re-Load & Use hdfc credit card

[thekirang]

I have hdfc cc with 37k limit. I used 35k and only 2k balance was available.

Later I load my cc with 15k and used that 16k, Now 1k is available

So my total transaction will be more than my limit, (35+16)

So is it termed as overlimit use ?
or
it's not overlimit..?

Note: available balance never hits to Zero.

and is it chargeable ?

 

[zealot]

It's not over limit and not chargeable.

 

[NOOBY]

I have hdfc cc with 37k limit. I used 35k and only 2k balance was available.

Later I load my cc with 15k and used that 16k, Now 1k is available

So my total transaction will be more than my limit, (35+16)

So is it termed as overlimit use ?
or
it's not overlimit..?

Note: available balance never hits to Zero.

and is it chargeable ?

as you have 1k available, load around 25k before bill generation so that your Credit Utilization Ratio goes below 30%... this way your Credit Score too wont get affected

 

[gurubhai]

It's not over limit and not chargeable.

But if my limit is 50K and I want to get something for 56K in single transaction, can I pre-pay and spend on my cc?
Will that be OK or will it be considered as over limit?

 

[panu24]

I think any single transaction amount above your credit card limit will be considered as overlimit, the may incur you charges.

 

[zealot]

But if my limit is 50K and I want to get something for 56K in single transaction, can I pre-pay and spend on my cc?
Will that be OK or will it be considered as over limit?

I think it will consider as over limit and it will occur charges.

 

[Predator]

I have hdfc cc with 37k limit. I used 35k and only 2k balance was available.

Later I load my cc with 15k and used that 16k, Now 1k is available

So my total transaction will be more than my limit, (35+16)

So is it termed as overlimit use ?
or
it's not overlimit..?

Note: available balance never hits to Zero.

and is it chargeable ?

Hi
Can we perform similar stunts with Axis cc also?

 

[zealot]

Hi
Can we perform similar stunts with Axis cc also?

Yes

 

[Seth]

Hi
Can we perform similar stunts with Axis cc also?

Have you tried the same in axis and worked?

 

[Predator]

Have you tried the same in axis and worked?

Yes, spent 65k on a 50k limit axis card by making advance payment.

Note: 65k were spent in multiple transactions of 15k and 10 k and not a single transaction of 65k

 

[gurubhai]

Yes, spent 65k on a 50k limit axis card by making advance payment

and no overlimit charges?

 

[Predator]

and no overlimit charges?

Yes. No extra charges were levied

 

[SJ13]

Yes, spent 65k on a 50k limit axis card by making advance payment.

Note: 65k were spent in multiple transactions of 15k and 10 k and not a single transaction of 65k

How you did that because the card transaction limit max 50k right in any mode ?

 

[Predator]

How you did that because the card transaction limit max 50k right in any mode ?

Say limit is 20k and I need to pay 25k.
I paid 10k, 10k and then made a payment of 5k to card, then again transacted 5k using same card

 

[SJ13]

Say limit is 20k and I need to pay 25k.
I paid 10k, 10k and then made a payment of 5k to card, then again transacted 5k using same card

Ohk got it
i thought in one swipe or one time you did it

 

[Rocky Bhai]

Say limit is 20k and I need to pay 25k.
I paid 10k, 10k and then made a payment of 5k to card, then again transacted 5k using same card

What if I have to buy 25k mobile on Amazon?
How do u pay 10k 10k and 5k

 

[SJ13]

What if I have to buy 25k mobile on Amazon?
How do u pay 10k 10k and 5k

Maybe buy 5k AGV / ASV and and paid that amount and remaining amount paid

 

[dealminer]

as you have 1k available, load around 25k before bill generation so that your Credit Utilization Ratio goes below 30%... this way your Credit Score too wont get affected

Hey, can you clear out my doubt which is same related to pay off the amount to bring it under 30per mark.
For example if I make a transaction of 50k and pay off 30k to bring it under 30per mark and therefore billed for 20k only. So in that case, HDFC will consider my total card total expenditure as 50k or 20k (which is the billed amount)??
I want to clear it out to make it to the quarterly expenditure benefits of the card.

 

[SSV]

Hey, can you clear out my doubt which is same related to pay off the amount to bring it under 30per mark.
For example if I make a transaction of 50k and pay off 30k to bring it under 30per mark and therefore billed for 20k only. So in that case, HDFC will consider my total card total expenditure as 50k or 20k (which is the billed amount)??
I want to clear it out to make it to the quarterly expenditure benefits of the card.

For milestone purposes :50k
For current balance purpose to report it to Cibil: 20K.
Again for current balance reporting depends upon your CC statement generation date and hdfc certified reporting date..
That is a different topic..
For your milestone, definitely 50k

 

[dealminer]

For milestone purposes :50k
For current balance purpose to report it to Cibil: 20K.
Again for current balance reporting depends upon your CC statement generation date and hdfc certified reporting date..
That is a different topic..
For your milestone, definitely 50k

Thanks mate 👍
And same 50k will be considered for annual fee waiver, right?