Over Payment

DanDan123

Hi,
I have two credit cards (Capital one, and Vanquis) my capital one card has a 1,500 limit, my Vanquis one has a 2,250 limit. I would like to make a purchase that is higher than my card limit, would i be able to over pay on my card so i have a positive balance?? and then use the card to make the purchase? Around 3k?

Thanks

Rossy.

Don't think you can

Can the product be purchased using both cards? I know you can always pay part cash part card so is that an option?

I've read that credit card companies really hate positive balances

chattychappy

No, in general you can't and you'll probably find the T+Cs forbid it. If you try it, it might work or you might find the positive balance gets suspended and is unavailable for spending.

They do this for regulatory reasons - they are not supposed to take deposits on these accounts and there is money laundering risk. That said, inevitability people do end up with positive balances sometimes - perhaps because of credits after they've paid for something.

Either you have to ask for a limit rise, or try and and split the transaction across both cards.