u/anonymous-analyst

Hi everyone,

I recently received an SBI Elite Credit Card (Lifetime Free) through SBI's college program. It's a brand-new card (only 5 days old) with a ₹75,000 credit limit.

I'm planning to buy a laptop on Amazon.

Details:

Laptop price: ₹89,990

After Amazon + SBI offer, I'm getting around ₹10,000 off, so I really don't want to miss the deal.

6-month No Cost EMI

Amazon shows the following message:

"Your card limit will be temporarily utilized for ₹79,238.51."

So even though my monthly EMI is only around ₹13,000, Amazon/SBI will temporarily block ₹79,238.51, which is about ₹4,238 above my ₹75k credit limit.

In the SBI Card app, I found the Over-limit Transactions option. It says SBI may allow transactions up to 50% above the credit limit, but it also says the transaction may be subject to an over-limit fee. It doesn't mention how much the fee is.

My questions:

1. Has anyone used the over-limit facility on an SBI Elite card for an Amazon EMI purchase?

2. Was the transaction approved?

3. How much was the over-limit fee (if any)?

4. Is it a one-time fee, or does it affect the EMI/interest?

5. Since my card is only 5 days old, is there a high chance the transaction will simply be declined despite enabling over-limit?

I'm only exceeding my limit by about ₹4,238 (around 5.6%), and I don't want to lose a ₹10k discount if this can be handled safely.

Any experiences or suggestions would be greatly appreciated.

Hi everyone,

I recently received an SBI Elite Credit Card (Lifetime Free) through SBI's college program. It's a brand-new card (only 5 days old) with a ₹75,000 credit limit.

I'm planning to buy a laptop on Amazon.

Details:

Laptop price: ₹89,990

After Amazon + SBI offer, I'm getting around ₹10,000 off, so I really don't want to miss the deal.

6-month No Cost EMI

Amazon shows the following message:

"Your card limit will be temporarily utilized for ₹79,238.51."

So even though my monthly EMI is only around ₹13,000, Amazon/SBI will temporarily block ₹79,238.51, which is about ₹4,238 above my ₹75k credit limit.

In the SBI Card app, I found the Over-limit Transactions option. It says SBI may allow transactions up to 50% above the credit limit, but it also says the transaction may be subject to an over-limit fee. It doesn't mention how much the fee is.

My questions:

1. Has anyone used the over-limit facility on an SBI Elite card for an Amazon EMI purchase?

2. Was the transaction approved?

3. How much was the over-limit fee (if any)?

4. Is it a one-time fee, or does it affect the EMI/interest?

5. Since my card is only 5 days old, is there a high chance the transaction will simply be declined despite enabling over-limit?

I'm only exceeding my limit by about ₹4,238 (around 5.6%), and I don't want to lose a ₹10k discount if this can be handled safely.

Any experiences or suggestions would be greatly appreciated.