Here is what I mean:
My credit card balance is $0, and the limit is $1200.
I would like to make a one-time purchase of $2500 at an online vacation site, but I'd prefer not to increase my credit limit.
So can I just make a payment of $2500, which would put my balance at -$2500 owing, and then spend that full amount? Basically I have the cash but need to make a credit card purchase since it's online.
2006-06-26 03:53:11 · 5 answers · asked by ontario ashley 4 in Business & Finance ➔ Credit
It will depend on the credit card. I would definately ask before making this move. I had a credit balance on one of my credit cards but it still only showed that my available credit was equal to my credit limit. I would go to the bank and get a prepaid visa card for the purpose of paying the amount. Then you don't have to worry about having the $2500 tied up for a month and possibly not being able to use it.
2006-06-26 04:17:18 · answer #1 · answered by Christopher Swing 2 · 1⤊ 0⤋
sure, you are able to deliver a value it fairly is better than the steadiness due and the credit card corporation will coach that as an excellent stability. you will be able to additionally call the credit card corporation and ask them to boost your line of credit. in case you have controlled your account properly they are going to be satisfied to boost your credit line.
2016-12-08 12:46:58 · answer #2 · answered by dustman 3 · 0⤊ 0⤋
Yes.
2006-06-26 03:56:52 · answer #3 · answered by HH@20 2 · 1⤊ 0⤋
Call your CC company and tell them, what you want to do..they will more than likely help you
2006-06-26 05:13:30 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Have a look here.
2006-06-26 06:14:30 · answer #5 · answered by Anonymous · 0⤊ 0⤋