Colleague accidentally maxed out my credit card

glauber_berti

Long story short, we needed to make an urgent purchase at work yesterday so I allowed a junior colleague to use my personal credit card. It has a £6.5k limit and had no other purchases on it. I always save it for emergencies like this and just claim back in expenses a few days later and pay it off immediately.

Unfortunately, the colleague amended the booking this morning and it appears the hire company have charged me again but not yet refunded the initial booking. This has taken me a measley £7 over my £6.5k credit limit (although £6k of this is just blocked out as a deposit for the hires which is unlikely to ever be charged unless there’s an accident).

I paid off some of the card balance within 2 minutes of being notified by my bank to take it back within my credit limit so now have 2 questions:

1) Will I incur a charge for going over my credit limit even though this was for such a small period of time and the majority of the amount will never even be charged to the card?

2) Will this impact my credit score?

Thanks in advance.

[Deleted User]

1. Possibly. Depends on your banks policy. But probably not.

2. Doesn't matter. What does matter is whether the over limit is recorded on by the CRAs. Probably not, but you can check that for yourself.

phillw

glauber_berti said:

1) Will I incur a charge for going over my credit limit even though this was for such a small period of time and the majority of the amount will never even be charged to the card?

If they took an authorization twice and only took one payment and there is any adverse effect, then I would complain and take it through to the ombudsman.

If you do query this with the CC then it's probably better to just say that the booking was amended, rather than saying your colleague amended the booking.

Aspiration

Interesting question.

Unfortunately probably best getting hold of the bank and asking them to get a firm answer.

born_again

So are these showing as debits on the statement or are they just authorisations (using up your available balance)?

If it's the 2nd then you will not get any charges. As nothing has debited, thus you have not gone over your limits.

TBH. The odds of anything on a credit card debiting the same day are very slim. Especially over the weekend.

DCFC79

Correcting it within a few minutes I don't see it will incur a charge but your better off asking the card provider for a more definite answer, we forumers can't do that.

As for your score I shouldn't worry about your score since only you see it.
I would also not mention about your colleague involved.

NewLeaf1986

From what you've explained, you repaid the balance overlimit before any of the pending authorisations became actual transactions on your account.

In which case there aught to be no charge or adverse effect. 

born_again

NewLeaf1986 said:

From what you've explained, you repaid the balance overlimit before any of the pending authorisations became actual transactions on your account.

In which case there aught to be no charge or adverse effect. 

Unless transactions have debited. There is no over limit..

As a aside OP really should not be:
A, letting a 3rd party use their card.
B, using a personal card for business purposes.

I'm not saying this from any T/C angle. Simply that I've seen too many cases where someone has used their card to say hire a car or book a room & then further charges have come through for damages etc.
Who has to sort it out?
Certainly not the company. It's down to the card holder, and they are the one who will have to find the funds in the 1st instance for any problems. As well as the effect it can have on future application if there are late fee's or overlimit charges.