£2000 limit £700 balance

john.o1

I have a nationwide select credit card with a £2000 limit and a balance of £700 and want to purchase something costing £1500.

If I pay £300 today by bank transfer will I be able to buy my £1500 item tomorrow or should I just use my £10000 limit Capital One card and forgo the .5% cashback?

Candyapple

Depends on if your Nationwide credit card accepts faster payments and also updates their balances to reflect this.

JimmyTheWig

You could try, but doesn't allow much time. I'd check my balance on the Nationwide card before making the purchase.
Most places will allow you to split a purchase onto different cards - so you could do £1200 on Nationwide and £300 on Capital One. Means you'd still get most of the cashback.

ctbfc

I find the available balance on my select credit card is updated almost instantly so you should be fine.

rolls99

Ironically (having an NW CC and current account) I find that if I pay in to the CC from my main (non NW) account (faster payments) it appears instantly whereas it actually takes longer (still >24 hours) from within NW!

r2015

I've also noticed that if you get a refund then the full amount by direct debit is not taken, the refund amount is used as part payment.

john.o1

Bit of luck today.

My wife had a Tesco credit card with a £1000 credit limit, she just got a letter today upping it to £4000.

We will be getting our £1500 item on her card and I will apply for a joint Tesco credit card.

Better to get Tesco points than the miserly half pence per £1 from the Nationwide.

I also pay all the bills so it doesn't matter whose credit card is used.

msallen

john.o1 wrote: »

Better to get Tesco points than the miserly half pence per £1 from the Nationwide.

I also pay all the bills so it doesn't matter whose credit card is used.

Are you sure about that?

Personally I would value 1/2 pence above 1/8 Tesco CC point (and that only on every full £8 of spend too)

Candyapple

john.o1 wrote: »

Bit of luck today.

My wife had a Tesco credit card with a £1000 credit limit, she just got a letter today upping it to £4000.

We will be getting our £1500 item on her card and I will apply for a joint Tesco credit card.

Better to get Tesco points than the miserly half pence per £1 from the Nationwide.

I also pay all the bills so it doesn't matter whose credit card is used.

No such thing as a joint credit card. You can however add yourself as an additional card holder on your wife's Tesco credit card account, you don't need to apply for anything, just get your wife to give Tesco a call.

You also might want to read this:
https://forums.moneysavingexpert.com/discussion/5317390

john.o1

No such thing as a joint credit card.

You can however add yourself as an additional card holder on your wife's Tesco credit card account

That's what I meant.

Personally I would value 1/2 pence above 1/8 Tesco CC point

Even when you can double your vouchers?

If so, I think I will see if I can get an increase in my credit limit.

Though if you add up all the credit limits on the various credit cards my wife and I have it comes to £25,000.

Just not high enough on the cashback cards.

JimmyTheWig

john.o1 wrote: »

Even when you can double your vouchers?

Best case scenario, if you use your Clubcard points for a deal where they are worth 4x value, then (other than rounding differences) it works out the same as the 0.5p per pound on the other card.
But Clubcard points are very rarely worth this.