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How do 0% cards work?

Negotiator
Negotiator Posts: 145 Forumite
Is the 0% only applicable to your credit limit. If I have a limit of £5000 and buy something that costs £5500, what happens?

Comments

  • John424
    John424 Posts: 143 Forumite
    The question is why would you want to break the credit limit? I should imagine the zero percentage on the whole balance is voided as you have broken T&Cs.
  • Lomast
    Lomast Posts: 866 Forumite
    Part of the Furniture 500 Posts Name Dropper
    if you have a limit of £5000, and try to buy something costing £5,500 i would expect your card to be declined
  • Negotiator
    Negotiator Posts: 145 Forumite
    Ok, so I assume credit cards work slightly differently to debit cards when it comes to going over the limit.
  • TadleyBaggie
    TadleyBaggie Posts: 6,571 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    If you break any t & c conditions, (over limit, late payment etc), the 0% offer will probably be withdrawn.

    Debit cards don't have limits, so work nothing like credit cards.
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