If i don have enough money in my account then can i purchase goods from my credit card?
Hi Shashi It depends on the credit card you have and the amount you have spent on the card in the current credit cycle. Suppose, you have limit of 50,000 Rs in every month. By now, you have spent 5,000 Rs in this month. In this situation, you can still spend 45,000 Rs on this credit card, even though you don’t have the said amount in your bank account. The only thing is that if you don’t pay the full amount (50,000 Rs) before the date mentioned in the next credit card bill, you will have to pay interest on the outstanding amount. In short, the answer to your question is YES, you can. But if you want to avoid the interest, please pay the full amount before the date mentioned in the next bill.
