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Can I...

egan46
Posts: 5 Forumite
in Credit cards
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.
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.
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Comments
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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.
How hard did you look at the T&Cs? Look again...at condition 7(d).0 -
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.0
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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.0 -
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.0 -
You can increase your limit via online banking and there is no search done.0
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Can I [...] 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.0
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my thought would be to overpay so there's enough available, but then split the payment: 2 payments from your Nationwide Select.£600. £685.0
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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.0
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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)0
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