Adding Funds To Exceed Credit Limit On Credit Card.

Odyssium

I wish to purchase something that is more that the credit limit on my credit card. Is it fine to add the required extra funds to my credit card prior to the purchase, so I can purchase the item and not exceed my credit limit. 
If so, then will I still receive the added protection that a credit card purchase provides?
Thank.

born_again

Think you will find it is in breech of the T/C.

Many will bounce it straight back to source.

lr1277

Can you not ask your card provider to increase your limit for this purchase?

Some card providers will increase your limit if you know how you are going to pay back the transaction.

Worth a call?

Nasqueron

At best your money will be returned almost immediately or they will contact you and tell you to have a refund

At worst they will close your account for breaching the terms

kempiejon

Nasqueron said:

At best your money will be returned almost immediately or they will contact you and tell you to have a refund

At worst they will close your account for breaching the terms

I think at best they might get away with it. As other contributors have stated T&Cs generally prohibit it, I have occasionally had CCs with positive balances with MBNA, Virgin and Halifax. Generally just for a short period however my account with Halifax was in credit balance for several months. I still have all my accounts and have never been contacted about it.

It is a gamble mind and could go wrong, better to ask for a credit limit increase .

CliveOfIndia

As above, it's against the T&Cs of a credit card to deliberately put it into credit.

It does depend on which card provider it is.  Some will simply point-blank refuse the transaction, some will refund it very shortly after you do it.

They would be within their rights, as pointed out by a previous poster, to close your account - although how likely that is in practice I'm not sure.

It also depends on how much you're talking about.  If it's just a few quid you might get away with it, but if it's a reasonably large sum then almost certainly not.

If you're wanting to pay by card purely for the S75 protection, remember that any portion of the total sum paid on card will give you the protection (subject to the usual constraints).

sausage_time

Not against the T&Cs for all credit cards.   Does not seem to be an issue for Amex for example.

https://www.americanexpress.com/uk/customer-service/faq.credit-balance.my-account-balance-is-in-credit.html

I'm sure I have seen similar for non-Amex.  But a (temporary?) credit increase seems worth asking for if that's what is needed in this case.

eskbanker

Odyssium said:

If so, then will I still receive the added protection that a credit card purchase provides?

Do you have the option of splitting payment across a credit card and another means of payment?  This still gives section 75 protection on the whole item value, provided it meets all the other criteria....

Nasqueron

kempiejon said:

Nasqueron said:

At best your money will be returned almost immediately or they will contact you and tell you to have a refund

At worst they will close your account for breaching the terms

I think at best they might get away with it. As other contributors have stated T&Cs generally prohibit it, I have occasionally had CCs with positive balances with MBNA, Virgin and Halifax. Generally just for a short period however my account with Halifax was in credit balance for several months. I still have all my accounts and have never been contacted about it.

It is a gamble mind and could go wrong, better to ask for a credit limit increase .

It's extremely unlikely that they will, banks notice things like this. There is a difference also between a temporary credit e.g. for a refund which is treated differently to a deliberate credit

Nasqueron

sausage_time said:

Not against the T&Cs for all credit cards.   Does not seem to be an issue for Amex for example.

https://www.americanexpress.com/uk/customer-service/faq.credit-balance.my-account-balance-is-in-credit.html

I'm sure I have seen similar for non-Amex.  But a (temporary?) credit increase seems worth asking for if that's what is needed in this case.

That says only if you have an account in credit they want to refund it or similar - doesn't specifically cover deliberately putting the card in credit - you can accidentally do it e.g. if a DD is taken with a BT or a refund

Tony5896

Nasqueron said:

sausage_time said:

Not against the T&Cs for all credit cards.   Does not seem to be an issue for Amex for example.

https://www.americanexpress.com/uk/customer-service/faq.credit-balance.my-account-balance-is-in-credit.html

I'm sure I have seen similar for non-Amex.  But a (temporary?) credit increase seems worth asking for if that's what is needed in this case.

That says only if you have an account in credit they want to refund it or similar - doesn't specifically cover deliberately putting the card in credit - you can accidentally do it e.g. if a DD is taken with a BT or a refund

I’ve not found a way of randomly putting my Amex account into credit (tried to pay the fee in advance)