Used my credit card after notice given of impending limit reduction

Ergates

dr_adidas01 said:

Why would it be unwise to fund a holiday using a credit card? I always pay for my holidays using a credit card in case anything goes wrong

"Fund" vs "Pay".  Yes always use a CC for the S75 protections, but don't get into debt for a holiday.

Anamox

Ergates said:

dr_adidas01 said:

Why would it be unwise to fund a holiday using a credit card? I always pay for my holidays using a credit card in case anything goes wrong

"Fund" vs "Pay".  Yes always use a CC for the S75 protections, but don't get into debt for a holiday.

The world would be a very inaccessible place if you only paid for holidays you could afford with your bank balance. All of my most exotic trips have been paid for on 0% cards with the idea of spreading the cost over 12 months or similar. This means I get S75 protection, can pay for much more expensive holidays and can forgo paying more than minimum one month if my car and boiler explode at the same time. I'm sure most reasonable humans in the UK do things like this.

Ebe_Scrooge

Anamox said:

Ergates said:

dr_adidas01 said:

Why would it be unwise to fund a holiday using a credit card? I always pay for my holidays using a credit card in case anything goes wrong

"Fund" vs "Pay".  Yes always use a CC for the S75 protections, but don't get into debt for a holiday.

The world would be a very inaccessible place if you only paid for holidays you could afford with your bank balance. All of my most exotic trips have been paid for on 0% cards with the idea of spreading the cost over 12 months or similar. This means I get S75 protection, can pay for much more expensive holidays and can forgo paying more than minimum one month if my car and boiler explode at the same time. I'm sure most reasonable humans in the UK do things like this.

Alternatively, do what I do - put money into a separate savings account every month so you've got the cash to pay for the holiday.  If you can't afford a holiday one year, then tough - you don't have a holiday.  I went for many years without a holiday when times were hard - it's not nice, but if you can't afford it then so be it.  I absolutely agree that using a CC for S75 is eminently sensible - and if you can use a 0% card then I guess that's effectively doing the reverse of saving up in advance.  But at least if you save up beforehand then you know it's paid for come what may.

MEM62

dr_adidas01 said:

MEM62 said:

lanza said:

Due to Covid cant get anywhere on the barclaycard phone lines,  

Getting through to Barclays is not an issue.  I have done so a couple of times recently with not too long a wait. 
You may have to pay off the over-limit balance but, as it would be unwise to fund a holiday using a credit card anyway, I am sure that you are prepared for that.  

Why would it be unwise to fund a holiday using a credit card?  I always pay for my holidays using a credit card in case anything goes wrong i.e. company goes bust or as has shown this year Covid pandemic happens.

Assuming that you pay it off upon receipt of the statement that is not funding a holiday with your credit card - it is paying for it with your credit card.    

MEM62

Anamox said:

Ergates said:

dr_adidas01 said:

Why would it be unwise to fund a holiday using a credit card? I always pay for my holidays using a credit card in case anything goes wrong

"Fund" vs "Pay".  Yes always use a CC for the S75 protections, but don't get into debt for a holiday.

The world would be a very inaccessible place if you only paid for holidays you could afford with your bank balance. 

Of course it isn't.  It is actually less accessible if you are depleting your holiday fund by paying interest at the rates typically applied by credit cards providers.    

phillw

Anamox said:
The world would be a very inaccessible place if you only paid for holidays you could afford with your bank balance.

Not for everyone. If you have no savings then an expensive holiday paid on credit is really risky.
Then I would look at why you're willing to take that risk as happiness can be found without spending money on expensive holidays.

MaryNB

Anamox said:

Ergates said:

dr_adidas01 said:

Why would it be unwise to fund a holiday using a credit card? I always pay for my holidays using a credit card in case anything goes wrong

"Fund" vs "Pay".  Yes always use a CC for the S75 protections, but don't get into debt for a holiday.

The world would be a very inaccessible place if you only paid for holidays you could afford with your bank balance. All of my most exotic trips have been paid for on 0% cards with the idea of spreading the cost over 12 months or similar. This means I get S75 protection, can pay for much more expensive holidays and can forgo paying more than minimum one month if my car and boiler explode at the same time. I'm sure most reasonable humans in the UK do things like this.

I've never used my credit card to fund a holiday. I've used it to pay for things because of the S75 protection and because of the great foreign exchange rates but the holidays are always funded using my savings. I'd never go on a massive holiday without saving up first. I'm far too risk averse.

dr_adidas01

MEM62 said:

dr_adidas01 said:

MEM62 said:

lanza said:

Due to Covid cant get anywhere on the barclaycard phone lines,  

Getting through to Barclays is not an issue.  I have done so a couple of times recently with not too long a wait. 
You may have to pay off the over-limit balance but, as it would be unwise to fund a holiday using a credit card anyway, I am sure that you are prepared for that.  

Why would it be unwise to fund a holiday using a credit card?  I always pay for my holidays using a credit card in case anything goes wrong i.e. company goes bust or as has shown this year Covid pandemic happens.

Assuming that you pay it off upon receipt of the statement that is not funding a holiday with your credit card - it is paying for it with your credit card.    

Yup its always paid off in full!!

lanza

whitesmith said:

Barclaycard T&C say they will not reduce the credit limit below the current balance plus any pending transactions. Depending on the date of their letter and your spending dates then you could argue this point.

thanks, hopefully this will be ok then.