Is there a way to stop going over limit

matt1234

Hi,

I was wondering whether any CC's have a facility to block a payment/purchase if that purchase would take you over your credit card limit? I want to put a voluntary block if possible.

I am particularly interested to know about Barclaycard, Lloyds and Virgin.

Thanks!

HappyMJ

matt1234 wrote: »

Hi,

I was wondering whether any CC's have a facility to block a payment/purchase if that purchase would take you over your credit card limit? I want to put a voluntary block if possible.

I am particularly interested to know about Barclaycard, Lloyds and Virgin.

Thanks!

No...as not all transactions are referred for approval. A £5 purchase at McDonald's for instance will be automatically approved if the credit card is valid. To not go over your limit you need to keep a close eye on it. Register for online banking and check your balance every day taking into account any unposted transactions. Get a bigger credit limit and stay well under the new limit.

Wheres_My_Cashback

matt1234 wrote: »

Hi,

I was wondering whether any CC's have a facility to block a payment/purchase if that purchase would take you over your credit card limit? I want to put a voluntary block if possible.

I am particularly interested to know about Barclaycard, Lloyds and Virgin.

Thanks!

No cards have that feature, but you do. Much better to be in control yourself than let someone else be in control. It's called responsibility and money management.
In today's modern age there is absolutely no excuse for exceeding your limits as all it takes is a phone call/logon etc to check before spending.
If you can't trust yourself not to go over then you shouldn't have credit cards

Harsh ? I think not, just sensible.

haras_nosirrah

yes... stop spending on the card

planteria

it certainly can't be blocked.

but you can manage it yourself without too much hassle. and a healthy limit makes it easy. i have been spending on drinks and small parcel postage this week, with a £29.5k limit.
:beer:

Herbalus

matt1234 wrote: »

I was wondering whether any CC's have a facility to block a payment/purchase if that purchase would take you over your credit card limit? I want to put a voluntary block if possible.

Well, contrary to these lovely folks above, if I tried to buy a BMW with the £500 limit on my Aqua card.....

There is no voluntary block you can put on the card though. They will block the card if you do serious damage (like the BMW example), but with a lot of smaller purchases they don't check with the card companies and just process the payment.

Plus a card company will like you to go over your limit to get £12 off you.

daggles21

Herbalus wrote: »

Well, contrary to these lovely folks above, if I tried to buy a BMW with the £500 limit on my Aqua card.....

There is no voluntary block you can put on the card though. They will block the card if you do serious damage (like the BMW example), but with a lot of smaller purchases they don't check with the card companies and just process the payment.

Plus a card company will like you to go over your limit to get £12 off you.

I think its a bit harsh to say they will do it to get £12 fee from you...

As I understand it, it all depends on the retailer/merchant. They will have a limit where their system will ask the CC company if there is available funds on the card.

Example - A shop has a floor limit of £50. You have £30 credit on your card but you buy goods worth £45. As this is under the £50 limit the shop will not check with the CC company and assume the card holder knows their limit.

I think....

HappyMJ

Herbalus wrote: »

Well, contrary to these lovely folks above, if I tried to buy a BMW with the £500 limit on my Aqua card.....

There is no voluntary block you can put on the card though. They will block the card if you do serious damage (like the BMW example), but with a lot of smaller purchases they don't check with the card companies and just process the payment.

Plus a card company will like you to go over your limit to get £12 off you.

I can guarantee that purchase would be referred. If the card is already over limit the card will be blocked and no further purchases will be allowed but you could get a few transactions in before the bank updates the database so several transactions will go through. It's supposed to speed up transactions when you are at the till to not refer transactions. Haven't you ever noticed some transactions immediately say APPROVED within milliseconds and some take about 10 seconds to come back and say APPROVED.

Herbalus

daggles21 wrote: »

I think its a bit harsh to say they will do it to get £12 fee from you...

I didn't mean they allow it for the express purpose of getting money off you (though some will believe that). I meant they will not complain if you do it and will like that they get the fee.

GwylimT

When you reach the limit, stop spending! If you don't keep track of your spending if you have a smart phone you can check your balance on the go, if need be do this before each use of your credit card.

daggles21

Herbalus wrote: »

I didn't mean they allow it for the express purpose of getting money off you (though some will believe that). I meant they will not complain if you do it and will like that they get the fee.

Apologies, I mis-read your meaning