Can I...

egan46

Credit limit £1250 (balance of £0)
Solicitors bill £1285

Can I pre-pay my credit card to put it on a +ve balance, and then make a payment to my solicitor using the credit card? The transaction will be higher than the credit limit, but the credit limit will not be breached.

I do not want to increase my limit as I am in the process of applying for a mortgage.

It's a nationwide select card and can't see any info on the T's and C's.

YorkshireBoy

egan46 wrote: »

I do not want to increase my limit as I am in the process of applying for a mortgage.

It's a nationwide select card and can't see any info on the T's and C's.

You think a £35 (or even £100) increase will matter? It won't, providing they don't make a hard credit search...unlikely?

How hard did you look at the T&Cs? Look again...at condition 7(d).

dresdendave

To play safe and avoid any positive balance issues could you not split the payment? Pay as much as possible on the CC but keeping under your limit and then cheque or debit card for the outstanding balance.

10pence

Or make two payments, one from a debit card and the other from the credit card if possible.
Better yet would be to not use the credit card because you would have factored these costs in before applying for the mortgage.

SnowTiger

egan46 wrote: »

Credit limit £1250 (balance of £0)
Solicitors bill £1285

Can I pre-pay my credit card to put it on a +ve balance, and then make a payment to my solicitor using the credit card? The transaction will be higher than the credit limit, but the credit limit will not be breached.

I do not want to increase my limit as I am in the process of applying for a mortgage.

It's a nationwide select card and can't see any info on the T's and C's.

http://www.nationwide.co.uk/~/media/MainSite/documents/products/credit-cards/P1911%20Jul%2013.pdf:

[7. (d)] You should not make payments that place your account in credit

I think that covers it. It's a should, not a must.

£35 would probably slip through the system.

jo-bo

You can increase your limit via online banking and there is no search done.

eskbanker

egan46 wrote: »

Can I [...] make a payment to my solicitor using the credit card?

Will your solicitor accept payment by credit card, and if so, with or without any 2-3% surcharge?

egan46 wrote: »

The transaction will be higher than the credit limit, but the credit limit will not be breached.

What would be your plans for repayment? If you wouldn't be repaying in full then you'd need to leave enough headroom for interest being applied (and should also consider the impact on your credit rating if you're at, or near, 100% of your limit), but if you were able to repay in full then paying the solicitor from where the funds are now would seem easier than going via CC....

planteria

my thought would be to overpay so there's enough available, but then split the payment: 2 payments from your Nationwide Select.£600. £685.

Gouki7851

I read about overpaying c.cards and also spoke to barclaycard(my issuer) about over paying and buying something over the credit limit, and it will probably be declined. If you must pay by credit card i would advise paying say £1000 on credit card, repaying some once that payment clears and paying the rest a few days later. However paying the most you can be cheque, cash, debit card then the balance by credit card would be the obvious choice, as people have already advised, there will probably be a credit card surcharge.

dazza.mk

10pence wrote: »

Better yet would be to not use the credit card because you would have factored these costs in before applying for the mortgage.

Assuming he wants to use credit (which admittedly he probably does given the full value), but he might have the cash to pay off in full and just wants the 0.5% cashback on the fees (admittedly that assumes no additional charges to pay by CC)