Credit Card Balances In Credit

Shanne

Dear Forum Members

Has anyone heard of a UK credit card that pays you interest if your credit card happens to have a credit balance?

For clarity: if for e.g. the credit limit on my card is only £500 and I want to put an extra £500 on top as spending money because I am going on holiday abroad (but I don't end up spending it all), are there any credit cards that would pay me interest on a credit balance?

Money_Man

Shanne wrote: »

Dear Forum Members

Has anyone heard of a UK credit card that pays you interest if your credit card happens to have a credit balance?

For clarity: if for e.g. the credit limit on my card is only £500 and I want to put an extra £500 on top as spending money because I am going on holiday abroad (but I don't end up spending it all), are there any credit cards that would pay me interest on a credit balance?

No, absolutely not

Tixy

Not only will they not pay you interest - it is strictly against the T&Cs of lots of credit cards to have a credit balance.

If you intentionally pre-load it before your holiday you might find the card cancelled and the money returned to you - which could leave you rather stuck on holiday.

If you want to pre-load a card then perhaps a prepaid credit card for your holiday would be a better option.

thenudeone

The egg blue card (which became egg money) did exactly that (at quite a good rate too), but stopped doing so a few years ago.

It was an ideal "mule" card to use if you had a balance transfer offer.

It's now no more. All the accounts were transferred to Barclaycard last year.

YorkshireBoy

Shanne wrote: »

For clarity: if for e.g. the credit limit on my card is only £500 and I want to put an extra £500 on top as spending money because I am going on holiday abroad (but I don't end up spending it all)

Which card?

are there any credit cards that would pay me interest on a credit balance?

Even if there was such a card these days, how much do you think you'll earn on your £500 over your 2 week holiday duration if you "don't end up spending it all"? Answer...the princely sum of 30p (assuming 2% AER and a basic rate tax payer)!