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I have a website in Magento 1. I want to limit the credit card purchase to $2000 per customer, per week. If the amount goes over $2000, then they don't see the credit card or the PayPal option, they can only see the bank transfer option.

Is there any way to achieve this.

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You can archive this by hiding the payment methods by observer event.

Please check this tutorial to hide the payment: https://meetanshi.com/blog/disable-payment-method-programmatically-in-magento/

In observer, you have to get the order collection of the current customer and then filter the collection by a particular payment method and calculate the total order amounts.

Now, based on the total amount of order, you can set the conditions and restrict the particular payment methods.

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