Paying off early

edsmith199

I have recently got a credit card with Halifax purely to use abroad and avoid any fees for withdrawing cash and making purchases. However, my credit limit has only been set to £600. I am away for a month and am certain that I will want to spend/withdraw more than £600 in this time.

Is it possible to pay off some of what I have spent halfway through the month for example? So that my credit limit is reset and I can continue to spend on the card?

Thanks

grumbler

Yes, it's possible and easy to do by a bank transfer from a current account.
Do you have a statement with the details for transfer?

ETA: copied & pasted from my pdf statement:

Bank Sort Code no: 77-29-00
Bank Account no: 00000000
Your reference number, which is your 16-digit account number

"16-digit account number" is the card number actually.

edsmith199

Great thanks. Yes, I've got both accounts available on my online banking app so I can just transfer between the two

YorkshireBoy

You'll almost certainly have a 'cash limit' of 50% of your credit limit, so £300 only.


I fear you'll have some inconvenience!

edsmith199

Even if I pay in everything that I use the credit card for as soon as I've used it?

I'm travelling to lots of countries with different currencies so I'll be taking cash out in smallish amounts for each one and I'm only really using the credit card to avoid fees for doing this.

I suppose the ideal solution is to get a bigger credit limit!