Email from hdfc bank for transaction clarification

[qaiser]

Received email from hdfc for excessive use of credit card each month for single transaction.any suggestions for it.

Attaching the screenshot here, as many members were asking me for this.

 

[Zacobite]

If i have legitimate transactions then what?

My father has transactions of greater than 1L a month

He maxes out his Magnus and then spends on my Magnus

i am referring to the other persons case here.. in your case as you put it.. you are not rolling Month on month.. so.. your spends are genuine and personal ( which can be proven so if the bank asks you to).. so hopefully no issues for you

 

[Slayer]

i am referring to the other persons case here.. in your case as you put it.. you are not rolling Month on month.. so.. your spends are genuine and personal ( which can be proven so if the bank asks you to).. so hopefully no issues for you

Got your point

 

[TheMentalist]

Received email from hdfc for excessive use of credit card each month for single transaction.any suggestions for it.

Can you post screenshot of the exact email they sent (black out any personal info)

 

[qaiser]

Can you post screenshot of the exact email they sent (black out any personal info)

 

[abhishek12333@rediffmail.]

What is swapping?

 

[Parvesh Goyal]

This notice says that u r spending more than ur credit limit. Is ur credit limit less than 1.2L?

 

[akshayhs]

If i have legitimate transactions then what?

My father has transactions of greater than 1L a month

He maxes out his Magnus and then spends on my Magnus

Dad's a baller!

 

[PANK]

I used to buy Amazon gift card from smartbuy will that be an issue

 

[halogodx]

Y

I used to buy Amazon gift card from smartbuy will that be an issue

Yes they will send the CBI after you. Only flipkart gift cards allowed.

 

[Zacobite]

I used to buy Amazon gift card from smartbuy will that be an issue

No.. Relax..

 

[Slayer]

Y

Yes they will send the CBI after you. Only flipkart gift cards allowed.

+1

 

[qaiser]

This notice says that u r spending more than ur credit limit. Is ur credit limit less than 1.2L?

No my credit limit is 2.14l

 

[phildunphy]

How much was your credit limit? As in do they flag on basis of >70% of Limit usage?

 

[phildunphy]

How much was your credit limit? As in do they flag on basis of >70% of Limit usage?

I have known people use >1-2L regularly and no issues pop up, of course their limit is 10-12L, hence asking

 

[anirbanm]

If i have legitimate transactions then what?

My father has transactions of greater than 1L a month

He maxes out his Magnus and then spends on my Magnus

No need to worry if you can justify

 

[anirbanm]

I used to buy Amazon gift card from smartbuy will that be an issue

If you are misusing then yes it'll be an issue

 

[anirbanm]

How much was your credit limit? As in do they flag on basis of >70% of Limit usage?

In past when I had only once card I used to max them out regularly
All my transactions were legitimate transactions

But if one cannot justify their transactions when time comes then rest assured be prepared for multiple card cancellations

 

[pankajsammal]

I have known people use >1-2L regularly and no issues pop up, of course their limit is 10-12L, hence asking

I don't think transaction amount is the issue in his case. His case seems to be 1.2L spend every month at the same place which looks like either like a manufactured spend or a business expense which are both not really allowed on a personal credit card.

 

[qaiser]

But as per the limit i have not exceeded 50%

How much was your credit limit? As in do they flag on basis of >70% of Limit usage?

 

[bhavyegoel]

In past when I had only once card I used to max them out regularly
All my transactions were legitimate transactions

But if one cannot justify their transactions when time comes then rest assured be prepared for multiple card cancellations

I have known people use >1-2L regularly and no issues pop up, of course their limit is 10-12L, hence asking

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