Is it possible to increase my credit limit for a one-off payment?

Dobbess

I'm paying for a conservatory, with a deposit of £6000. However, my credit limit is only £1700 on my Amazon credit card, but I do have the cash in my Halifax current account. I'm under the impression that it's less risky to pay by credit card, as if they do a runner, the credit card company will bail me out. Can I pay cash into my credit card account so I won't go over the credit limit, or will it simply not allow me to spend more than £1700? Thanks

[Deleted User]

Just pay a small deposit on the card, and then the rest by debit card. You'll still be protected for the full amount.

thenudeone

Putting the CC account in credit is probably against the terms and conditions and may lead to the account being blocked whilst anti money-laundering checks are carried out.

A CL increase from 1700 to 6000+ seems unlikely but would depend on your circumstances.

As stated above, just pay a small part on the card and the rest by debit card and you'll still be fully protected.

Better still, get a new cashback card and get ££s back just for spending.

Aquamania

Dobbess wrote: »

I'm paying for a conservatory, with a deposit of £6000. However, my credit limit is only £1700 on my Amazon credit card, but I do have the cash in my Halifax current account. I'm under the impression that it's less risky to pay by credit card, as if they do a runner, the credit card company will bail me out. Can I pay cash into my credit card account so I won't go over the credit limit, or will it simply not allow me to spend more than £1700? Thanks

Unlikely any credit card provider is going to raise your limit to £6000 from £1700, even just temporarily. But you could always ask...;)

Don't pay for conservatory until it is erected and you are entirely happy with the installation.

Even if you have to pay a small deposit, you could pay that on credit card - the whole contract price will be covered by the credit card under S75 which is presumably what you are on about.

http://www.moneysavingexpert.com/shopping/section75-protect-your-purchases

Anthorn

You shouldn't need section 75 if you choose a contractor who has completion guarantee insurance - most of the bigger firms. Don't forget to check that your household contents insurance covers any materials left on site as you could be liable for damage to them.