Can You Add Money To A Creditcard?

Adams1

Hey,

My car insurance is due to renewal soon (£700!) But my credit card is limited to £500. Is it possible to add £200 to a credit card and then buy the insurance? I have the 0% for the first 6 months offer and I want take advantage of that before it's too late.

Thanks!

Oh, PS: It's a Barclay Card Classic? I think.

chattychappy

Almost certainly it will be in the T+Cs that you should not put it into credit - this is mainly because of regulatory requirements.

You might get away with it - or the money might be put into a suspense account and returned later.

Is there anyway you could part pay the insurance by cash (or another card)?

Adams1

chattychappy wrote: »

Almost certainly it will be in the T+Cs that you should not put it into credit - this is mainly because of regulatory requirements.

You might get away with it - or the money might be put into a suspense account and returned later.

Is there anyway you could part pay the insurance by cash (or another card)?

Nope, that's the bad thing. If I decided to pay for the insurance monthly, it'll be £1,150!

Fingerbobs

chattychappy wrote: »

Almost certainly it will be in the T+Cs that you should not put it into credit - this is mainly because of regulatory requirements.

You might get away with it - or the money might be put into a suspense account and returned later.

In my experience, "overpaying" onto a credit card generally works, but it is indeed (usually) a breach of the terms and conditions.

Can you ask Barclaycard for a credit limit increase, without jeopardising the 0% offer?

YorkshireBoy

Adams1 wrote: »

Nope, that's the bad thing. If I decided to pay for the insurance monthly, it'll be £1,150!

That wasn't the suggestion. Chatty's suggestion was to use the money you were going to pay onto the card to pay a deposit on the insurance, with the (£500) balance being put on the card.

Adams1

YorkshireBoy wrote: »

That wasn't the suggestion. Chatty's suggestion was to use the money you were going to pay onto the card to pay a deposit on the insurance, with the (£500) balance being put on the card.

Err. Could be? But I'll have to phone up and ask if they'll take £200 from my debit and £500 from my credit card. Sounds like a no-no but worth asking.

bengalknights

You could always do it and say you though you had a payment due or some other excuse and they wont take too much notice.

lisyloo

Any company keen to take your money should have no problem with two forms of payment.

Adams1

lisyloo wrote: »

Any company keen to take your money should have no problem with two forms of payment.

Nope. I even spoke to the floor manager, told me no with a middle finger. Anyways, I called up Barclay's, they said that I am allowed to "top-up" the credit card and use it that way. I may not renew with them. I'm going shopping. If they don't want my money, then good riddance to them.