Buy an item larger than your credit card limit.

Gabe95

I am booking a holiday for a large group in the future. The holiday is likely to be about twice my credit card limit. I can pay in installments. My question is, if a pay for a holiday of e.g. £6000 on a card with a £3000 limit by paying in 2 installments, would the card issuer still have liability for the total amount of £6000  if the holiday goes bust and the qualifying terms are met? 
I searched for this topic without success. Thanks in advance.

[Deleted User]

Yes.   

Even if you just a penny on your card you'll get S75 protection.     

MalMonroe

Gabe95 said:

I am booking a holiday for a large group in the future. The holiday is likely to be about twice my credit card limit. I can pay in installments. My question is, if a pay for a holiday of e.g. £6000 on a card with a £3000 limit by paying in 2 installments, would the card issuer still have liability for the total amount of £6000  if the holiday goes bust and the qualifying terms are met? 
I searched for this topic without success. Thanks in advance.

But would you be allowed to spend £6000 if your limit is only £3k?

Shakin_Steve

MalMonroe said:

Gabe95 said:

I am booking a holiday for a large group in the future. The holiday is likely to be about twice my credit card limit. I can pay in installments. My question is, if a pay for a holiday of e.g. £6000 on a card with a £3000 limit by paying in 2 installments, would the card issuer still have liability for the total amount of £6000  if the holiday goes bust and the qualifying terms are met? 
I searched for this topic without success. Thanks in advance.

But would you be allowed to spend £6000 if your limit is only £3k?

Pay £3K, pay it off, pay £3K.

jonesMUFCforever

I would urge caution on two counts.
1. Covid has not gone away- any future holiday booking is likely to be disrupted.
2. There are threads on the forums whereby customers have had problems getting refunds for all parties to a booking especially for cancelled holidays.

If it was me and you really want to go ahead then each traveller should pay for their own part of the holiday.

John_

Another option is to ask the card supplier if they’ll give an extension for a month. They may well say yes.

Gabe95

OK. I get s75 protection even if I just pay the deposit. Thanks.  
Someone said about COVID, this is a big family trip we are planning for 2023, so I hope to hell that it has gone away by then. I wouldn't go anywhere just now, and am bemused at people who do.

jonesMUFCforever

I saw a very interesting documentary on Youtube today about the Spanish flu pandemic of 1918-20.
Basically there was the first wave brought about (they think) troops moving around from USA to Europe and beyond etc at the end of the war and like today people in authority not taking responsibility in reporting the mysterious virus etc. I knew that when the second wave came it killed a lot more than the first one - no accurate figures but a ballpark of up to 20 million deaths.
What I did not know that there was a third and fourth wave (each getting weaker as the virus mutated) - now in those days people did not move about abroad as much as they do today - so if history repeats itself we could still be talking about this in 2023.
A vaccine was not developed fully until the 1940's!

Grumpy_chap

Deleted_User said:

Yes.   

Even if you just a penny on your card you'll get S75 protection.     

Looks like you need at least £100 to get S75 cover.
https://www.moneysavingexpert.com/reclaim/section75-protect-your-purchases/

EDIT:  I apologise that the reference to needing to spend at least £100 is incorrect, please read on the following couple of posts for more details.

[Deleted User]

No.  £100 is the minimum value of the purchase.

Any amount, including 1p can be paid by credit card 

Grumpy_chap

Ah, yes, I apologise that my earlier post was erroneous, quoting from the article I linked "The law's specific on this, you get the protection for the whole cost of an item or service, even if you only pay for a part of it – even just 1p would count – on credit. The only condition is that what you're buying costs more than £100 and less than £30,000."  Sorry for any confusion.  I will edit my first post to add a correction.