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Can a credit card have a -ve balance?
Comments
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I think the marker on your file for a cash advance is the biggest problem here, even over the interest
I'm three years off remortgaging and no plans to go after any other credit, so hopefully the marker on my file won't have much effect on me.
As for the interest/charges, how much can it be? I can take a few quid on the chin as a lesson learned. Any more than a tenner would be galling, particularly if I lose the bet!0 -
Gah! Didn't kIs it worth me settling the £100 balance straight away to minimise the interest payments on the 'cash advance'?
Yes and no. The interest on £100 even if left outstanding for a full month will not be that much. Certainly not more than about £2 less if they don't apply a higher than normal rate for cash transactions.
If your previous statement has already been paid in full, thenits ok to pay now. If it has not, any paym,ent will be applied to the balance of your previous statement and not to the unstatemented transaction so you will have to repay the full balance of the last statement first. If by chance you have a direct debit set up, such a payment will NOT reduce the amount of the direct debit.
It would'nt have been posted to theaccount yet but should be visible in pending transactions.Hmm, interesting. Just logged on to Halifax online banking to pay the £100, and there's no sign of the transaction. I did it at about 6 o'clock yesterday evening.
Not sure what you are getting at when you say ask them not to record it, but if you are referring to not reporting the cash transaction as a cash transaction in their CRA reporting, a single instance of one cash transaction for £100 will have no adverse effect whatsoever on the OP's future ability to obtain credit and can safely be disregarded.sleepyjones wrote: »Phone them up and explain that your card details were saved in your browser and you accidentally used the the wrong card, offer to pay the £100 + any interest / charges .... and then when it's all done ask them if they can not record it as it was a mistake?
They might say they can't do that but it's worth a shot, I think the marker on your file for a cash advance is the biggest problem here, even over the interest.
Might also help to talk to them before it comes off your card balance and is still "pending".0 -
stevenhp1987 wrote: »Gambling with a credit card will also cost you additional amounts in cash advance charges
Just by way of a small clarification - the OP said they used a Halifax Clarity credit card, which is unusual in that it does not charge any fees for cash transactions. Only interest will be charged in this case.0
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