Positive balance on credit card...

Tr@cker

I have a positive balance on a Barclaycard of around £450, it suits me because of the unusual way i use the card-nothing dodgy

It could increase to +£700 or £800 but what is the policy with this sort of thing ? Using ATM's, charges and stuff.

BoGoF

Suggest you read your T&C's.....most cards prohibit this and there have been posts saying their accounts have been closed without warning.

Tr@cker

Cant see anything at all in the T&C's on this, thats why im asking.

Tixy

They may close your account - they may allow you to run with it a while. Sometimes they'll send you a refund to take the account back to nil.

If you do have a positive balance then the cheapest way to use it would be to make your everyday purchases on the card.
Withdrawing cash from the ATM will still incur fees.

Tr@cker

I thought they might charge for ATM use even though im not borrowing from them but i wasn't sure.

I'd probably best stop using the card for the particular purpose.

I dont want to use the debit card with my current account so maybe a preload card would do the job.

chattychappy

There should be something in the T+Cs to prohibit it. The reason is that deposit taking is subject to a different regulatory regime.

pqrdef

It's Barclaycard who insist that to avoid purchase interest you must pay your statement balance in full, even if your balance has already been cleared by a refund and you no longer owe them any money.

So they're hardly in a good position to moan about credit balances.