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Amex - Preload?
RichyRich
Posts: 2,091 Forumite
in Credit cards
Hi everyone
I have a large (£3000) purchase to make and would like to make it on my AmEx Platinum Credit Card so that I can benefit from the cashback.
Unfortunately however my credit limit is only £2,300.
My plan is to "pre-load" the card so that the available funds to spend equal £3,000. However I know that some card companies don't like/won't let people do this.
Does anyone know if AmEx are one of them? If so could I spend, say, half the money, pay it off straight away (before bill etc), then spend the other half?
Any help much appreciated.
Rich
I have a large (£3000) purchase to make and would like to make it on my AmEx Platinum Credit Card so that I can benefit from the cashback.
Unfortunately however my credit limit is only £2,300.
My plan is to "pre-load" the card so that the available funds to spend equal £3,000. However I know that some card companies don't like/won't let people do this.
Does anyone know if AmEx are one of them? If so could I spend, say, half the money, pay it off straight away (before bill etc), then spend the other half?
Any help much appreciated.
Rich
#145 Save £12k in 2016 Challenge: £12,062.62/£12,000.00 Beginning Balance: £5,027.78 CHALLENGE MET
#060 Save £12k in 2017 Challenge: £11,03.70/£12,000.00 Beginning Balance: £12,976.79 Shortfall: £996.30:eek:
This is the secret message.
#060 Save £12k in 2017 Challenge: £11,03.70/£12,000.00 Beginning Balance: £12,976.79 Shortfall: £996.30:eek:
This is the secret message.
0
Comments
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Pretty sure they wont like it and will either reject or freeze cardCan I find out my credit score?You do not have a single credit score or rating. Different organisations take different information into account when working out your credit score and may have different scores for different products. (Kindly from Experian)0
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Hi everyone
I have a large (£3000) purchase to make and would like to make it on my AmEx Platinum Credit Card so that I can benefit from the cashback.
Unfortunately however my credit limit is only £2,300.
My plan is to "pre-load" the card so that the available funds to spend equal £3,000. However I know that some card companies don't like/won't let people do this.
Does anyone know if AmEx are one of them? If so could I spend, say, half the money, pay it off straight away (before bill etc), then spend the other half?
Any help much appreciated.
Rich
Have you tried to ask them this question?0 -
The answers to your questions are to be found in your T&Cs...
Your plan is thwarted by condition 14.1(v).My plan is to "pre-load" the card so that the available funds to spend equal £3,000.
Condition 37.2 would stop you earning the full cashback unless the two transactions were made in different statement periods....spend, say, half the money, pay it off straight away (before bill etc), then spend the other half?0
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