Cryptic crossword clue
Extra charge to put May in the good PM category? 8

The most common and most likely answer to this crossword clue is the 8 letter word OVERRATE

I've seen this crossword clue in Independent
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The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
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What does OVERRATE mean?

OVERRATE noun
  1. An excessive estimate or rate.
OVERRATE verb
  1. To esteem too highly; to give greater praise than due.

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