Credit score went down in one month.

[nRiTeCh]

are you sure about the montly limit resetting if i pay the amount before.

I was in this situation couple of years ago with HDFC. MY card limit was 65k and I already spent some 18k and there was a need to spend 53k or so and I went ahead with the payment and surprisingly it went well and in a couple of minis. I got an sms followed by a call and they levied some taxes/charges but said that if I make the full payment before my billing date, the credit limit will increase as well as the charges will be reversed and I did just that and no issues further.
Joke was, I already had axis and icici with limits more than 2lac yet hdfc capped the limit to 65k dont know what brains they used here as the card was issued based on my earlier owned cards.

 

[PunkX 75]

are you sure about the montly limit resetting if i pay the amount before.

Yes, you can.

Even if you spend 10 rs, and at any point pay back that 10, your limit again becomes +10. That's what I've been doing for years.

 

[awestorr]

Thank you, guys for clearing that up.

 

[calvin1719]

however, now with BPPS coming in picture, you wont be even able to prepay anything now.
So, nothing can be done now.

How does this come into the picture of prepaying CC bills btw?