Glossary term
Over-Limit Fee Cap
The over-limit fee cap is the maximum fee an issuer can charge for exceeding the credit limit, capped at Rs. 500 per instance in India.
Related terms
- Over-Limit Fee
A penalty for exceeding the credit limit.
- Over-Limit Opt-In
Consent for allowing over-limit transactions.
- Over-Limit Opt-Out
Declining consent for over-limit transactions.