Credit card the best way to spend abroad?

Herbalus

gettingthehangofthis wrote: »

Ah I see, thanks for that. I thought that the Halifax cc didn't allow cash transfers in other than to cover the amount owed though?

You can do this with every credit card. For example my Aqua credit card limit is £500, but last month I spent £1000. After I spent the first £500 in 2 weeks, I did an online transfer to the card which paid the balance and meant my available balance went back up to £500. In the next 2 weeks I spent another £500 and now have a bill for £500 for direct debit.

The limit is not a limit for spending in that month - it's the limit for the maximum amount you can owe the credit card company at any one time. Pay some of that back, and you can continue to use the card.

gettingthehangofthis

Brilliant thank you so much Herbalus, that was exactly the info I was looking for! Feel a bit more clued up now.