Credit Card in Credit

ChangFai

https://forums.moneysavingexpert.com/discussion/comment/82116038#Comment_82116038

Tried to open an account through website, and …

Head to the first direct App to get started

Or scan the QR code to download it to your device

BridgetTheCat

https://forums.moneysavingexpert.com/discussion/comment/82115874#Comment_82115874

That’s not strictly true. They won’t allow a single payment that’s more than the statement balance, but if like me you split the credit card payment across various sinking fund accounts, each one less than the statement balance, the total can be greater than the statement balance. I’ve accidentally gone over by a small amount on occasion with no consequences (usually due to a refund).

I suppose one reason they don’t like it is you could thwart the credit limit that way, as in you have a limit of £5k, you overpay by £1k one month and then next month make a £6k purchase. I can imagine they wouldn’t want that.

CliveOfIndia

https://forums.moneysavingexpert.com/discussion/comment/82116033#Comment_82116033

Being in credit due to a refund is not a problem with any card - it's deliberately putting it in credit by making overpayments yourself than can cause issues with some cards.