What is the limit for using plastic money?

The limit for using plastic money depends on the type of card and the issuing bank's policies. Generally, debit cards have daily transaction limits, which may vary from bank to bank and can range from a few thousand to several lakhs of rupees. Credit cards, on the other hand, have a credit limit assigned by the issuing bank, which is the maximum amount that can be spent on the card. The credit limit is determined based on various factors such as the cardholder's credit history, income, and other financial liabilities. It is important to note that exceeding the credit limit or the daily transaction limit may result in additional charges or penalties.