Ever wondered if you can temporarily increase your credit limit to buy some products beyond your current credit limit? The answer is YES, you can increase your credit limit to buy your favorite items like mobile, laptop, and home appliances which are priced beyond your credit limit, even without paying a single rupee as a fee. With this simple app, you don’t even need to contact your bank to temporarily increase your credit limit. Most of the banks will even charge you to increase your credit limit temporarily.
Increase credit card limit temporarily to buy products beyond your limit.
Before going to the app which lets me increase my credit card limit temporarily to buy a laptop beyond my credit limit, let’s talk about credit limit and if you can buy products priced beyond your credit limit.
What is credit limit & how is it determined?
The credit limit is the maximum amount set by the lending agency i.e. banks that you can take credit from them. This is set solely by the banks based on your source of income, your credit history, and pattern of your transaction in the bank, etc. If you use it beyond this limit, the bank will charge you extra interest and fees. So, if you are trying to overuse your credit limit, be sure about the fees and charges before even trying it. These are the behaviors banks are waiting for, from you so that they can squeeze money from you. That is why this post is the perfect post on how can you increase your credit limit temporarily without any kind of fees.
Can you increase your credit card limit temporarily?
YES, you can increase your credit card limit temporarily by making a payment to your card, by contacting your bank, or by depositing money to your bank physically. Some banks allow you to deposit money to your credit card beyond the due amount so that your credit balance is negative which means you have extra money to your credit card beyond your limit. However, Axis Bank doesn’t allow you to enter an amount more than your due amount. I haven’t tried with SBI and ICICI because I have an app that allows you to deposit any amount you want to any credit card irrespective of your issuing bank.
How to increase credit card limit temporarily?
The best way to increase your credit card limit temporarily to buy products priced beyond your credit limit is to use the “Pay More” feature from the CRED APP. CRED app is a credit card bill payment app that offers multiple offers like cash back, coupons, coins, etc. for simply paying your credit card bills.
Not to repeat on the CRED App, I have written a very detailed review of the CRED app where you can find everything about CRED, how to pay bills, how much cashback you can get, how to buy products from CRED, etc. You can check out the detailed review of the CRED app by clicking here or by following the link below:
Now that you have a thorough knowledge of the CRED App, let’s talk about the main course of today’s post which is increasing your credit card limit temporarily without paying any fee.
Increase credit card limit temporarily for free using CRED App
Once you paid your due amount, the CRED App has a feature called Pay More which enables you to deposit any amount of money without any fees.
First things first, if you haven’t signed up CRED App yet, click here to sign up and complete your seamless registration. Come back here after signing up [LINK WORKS ONLY ON MOBILE].
This feature is just the same as the normal due amount payment process. As shown in the image below, you can see my Axis Bank Flipkart Credit card has a negative balance of Rs. 7080.33 which means I have an extra Rs. 7080.33 to spend beyond my credit limit. Just below the ICICI bank, you can see a “Pay More” button. Press on that button, you need to enter the amount you want to deposit in the selected card. Once you pressed the Pay More button, you will be asked to enter the amount you want to deposit as shown in the next image.
Once you enter your desired amount, you can pay the amount from your bank account using internet banking or the UPI method. Keep in mind, you need to have that amount of money upfront. It will not be on a credit line from your bank.
Frequently Asked Questions (FAQ)
Can I buy the item in EMI which is above the credit card limit?
NO, you can not buy the item in EMI which is above the credit card limit unless you deposit the extra amount in your card using the CRED App.
Can you temporarily increase your credit limit?
Yes, you can temporarily increase your credit limit.
Can you increase credit card limit HDFC temporarily?
Yes, you can increase credit card limit for HDFC Bank temporarily.
Can you increase credit card limit for ICICI bank?
Yes, you can increase your credit card limit for ICICI bank.
Is is possible to increase credit card limit SBI temporarily?
Yes, you can increase your SBI credit card limit temporarily.
Is it bad to request a temporary credit card limit increase?
No but it may affect a little bit as your usage percentage will be maxed out.
What is the maximum credit card limit in India that you can increase temporarily?
There is no maximum credit card limit that you can increase temporarily.
How to use temporary increase of your credit card limit?
For example, if my credit card limit is 30k and I want to buy a laptop (price 46k). how I can buy it? This can be done very easily by using the CRED App. In the CRED app Pay More button, you enter the extra 16k and deposit the money on your credit card. Now your credit card has a temporary limit of 46k and now you can buy the 46k Laptop. If you are looking for the best laptops under 50000 with SSD in India, click here to check out the best SSD laptops under 50000 in India.
Can you increase your credit limit temporarily with no upfront cash with you?
Yes, you can increase your credit card limit temporarily but usually, it comes with a fee from the bank. You can contact your bank by calling the number given on the backside of your credit card. I wouldn’t recommend this method because of the fees. Also, if you pay using CRED, you will get extra CRED Coins which can be used to redeem cashback and buy other products in CRED App.
Can I buy an item in EMI which is above the credit card limit?
No, you can not buy any item even in EMI which is above your current credit card limit. Buying an item in EMI will block the amount of the item from your limit and it will be released by the EMI amount monthly. If you have any confusion about EMI and NO Cost EMI, I have written an article about everything you need to know about NO Cost EMI. Check out the post by clicking here or by following the link below:
Best credit cards for students in India?
The best credit cards for students in India are the ICICI bank Amazon credit card and Axis bank Flipkart credit card. I have written a detailed review of the Axis Bank Flipkart credit card. You can check it out by clicking here or by following the link below:
You can also check out the detailed post of the best credit cards for students in India by clicking here or by following the link below:
If you are wondering how can you get credit cards without any income proof, then check out my detailed post on how I got 4 credit cards without showing any income proof by clicking here.
If you have any questions, contact me. If you liked this post then share it with your friends.