Renewing CC limit

[rahul98]

Hi , my father recently got magnus burgundy as 1st card with limit of 8L. He wants to buy a Car worth 15 lacs.
How to do full payment in SAME month ?
Thanks

 

[Nishan11]

Hi , my father recently got magnus burgundy as 1st card with limit of 8L. He wants to buy a Car worth 15 lacs.
How to do full payment in SAME month ?
Thanks

Not possible to overpay that much amount in same billing month from single card having 8L limit.

 

[ajitshukla19]

Make half payment in advance ( booking ) and when bill generates pay it and then use next half to complete payment

 

[CardGame]

Hi , my father recently got magnus burgundy as 1st card with limit of 8L. He wants to buy a Car worth 15 lacs.
How to do full payment in SAME month ?
Thanks

Make an advance payment then pay the outstanding and again use it for remaining 7L. A gap of 2-3 days for 1st txn to settle is good. No need to wait for statement generation

 

[rahul98]

Make half payment in advance ( booking ) and when bill generates pay it and then use next half

Make an advance payment then pay the outstanding and again use it for remaining 7L. A gap of 2-3 days for 1st txn to settle is good. No need to wait for statement generation

Thank you so much.

 

[CSquaredSrini]

I plan to spend ₹10 lakhs on my Magnus Burgundy credit card in a calendar month. But I wanted to ask - is there a maximum limit of EDGE RPs we can earn in a calendar month? I know that upto ₹1.5L we get normal points 12/₹200 and after that accelerated points 35/₹200. But is there a monthly cap?

I am asking because I don’t want to spend ₹10L on the Magnus burgundy credit card and then learn that I hit the maximum limit of points earning for a calendar month!