New Delhi, May 6 -- In the ever-evolving economy of India, credit cards have emerged as an essential financial tool. These cards provide rewards, convenience, flexibility etc., to the respective users.

This makes them popular among consumers. Still, while using credit cards, it is also important to be aware of the risks associated with exceeding your credit limit. Going 'over-limit' can result in additional charges, interest, and even damage your credit score if it is not managed efficiently.

The objective hence is always to try to stay within one's means and not to extend the credit limit available to you. This simple exercise falls under the ambit of responsible credit behaviour.

The over-limit facility basically allows credit card h...