Hi all,
If I have a credit card with a ₹50,000 limit and use it to purchase an item worth ₹40,000, can I use the card again for another ₹40,000 purchase if I pay off the bill immediately?
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@Alexander Yes, if you repay your credit card bill immediately, your available credit limit will be restored. For online payments, this restoration typically happens within a few minutes, but it’s best to check with your card issuer on the exact processing time. Once the credit limit is refreshed, you can proceed with further purchases. Additionally, some credit cards may allow you to exceed your spending limit for a fee, even without full repayment.