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Credit card question
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vtoea
Posts: 99 Forumite
in Credit cards
Heya. I've got a credit card with HSBC with a limit but I would like to buy something that cost more than my available limit is it possible to transfer money from my bank account on top of the credit limit ? Example 1000 limit + 1000 my own money to buy something worth 2000.
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Comments
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You may get away with it, but you run the risk of having your account closed or the funds returned.0
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I'm assuming you want to use the CC in order to get protection?
I was going to ask why not pay half cash & half CC but then I'm assuming you would only be covered for the £1000 paid by CC, is that correct?0 -
No - you would be covered for the full amount, however much or little is paid by card.0
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Is just that I want to make the purchase online but I don't know what are the consequences for adding money on top of your credit limit and if it's possible and allowed of course I will pay the credit card balance after in few months.0
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The possible consequences are in post 2.0
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Unless you have only recently taken out the CC. Contact HSBC and see if they will increase your credit limit.0
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