What if i go into credit on my card?

maddipops

I have a limited time offer of 6.9% for the life of the balance on my barclaycard platinum. I want to transfer £1100 from nationwide credit to barclaycard on this deal. I currently only have £750 outstanding on my nationwide credit, so if I went £350 in credit on nationwide card could I be penalized? I have googled this and doesnt seem as though anyone else has ever asked this?

CLAPTON

the question comes up regularly

in general CC won't accept a 'positive' balance, the payment is likely to be bounced back
however there seems to be a tolerance of small positive balances and obviously accidental ones like refunds

so don't try it

in any case why ever do you want to add to your debt?

Curr946

cheap loan i guess, though hardly worth it for 350

Fingerbobs

It's usually a violation of T&Cs to put a credit card into credit, and you may find the transaction gets reversed.

That said, I have put several different cards into credit on numerous occasions over the years, and never had a problem - the balances have just stood, and I've gradually worked down them in normal spending.

maddipops

oh ok cheers for the advice.

I will just try to spend the money within the next couple of days, and hope the 6.9% offer is still there by end of next week.

Xmas presents etc we had a credit crunch xmas last year so this year im treating the family to a bit of a spending spree, it will be on the card till end of april when I will get my bonus at work which should cover off the debt.

exel1966

Most c/card companies T&C's state that cards should not be put into credit, one or two will charge you for prolonged periods of the card in credit.
However the reality is most will not refuse a payment which puts the card into credit unless it's by an unusually high amount.