Credit Card Limit

Yes you will and you might also get Barclaycard calling you rather annoyed that you have paid money in. Credit card companies don't like it when your account is in credit.
 
CC companies don't like it when you pay too much onto a card, some let you get away with it and others refund it, just ask for a credit limit increase or pay £500 cash and £1500 on the CC, easy
 
Why would credit card companies hate it if your balance is in credit? You're basically lending money to the credit card company for free.
 
Burnsy2023 said:
They don't need the money and you're essentially costing them money by not earning them interest.
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I can understand that, but arn't they also earning zero if you pay off your balance in full each month like a lot of credit card users. Don't they actually promote that?
 
When someone over pays there credit card and put it's in credit it does look quite suspicous. Easy to overpay by £1000 from dodgey means, then ring up the cc provider and get them to refund into your current account.
 
mrmoose said:
When someone over pays there credit card and put it's in credit it does look quite suspicous. Easy to overpay by £1000 from dodgey means, then ring up the cc provider and get them to refund into your current account.
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Wouldn't they only refund a payment if you were a victim of fraud? How would you go about explaining the above?
 
Say you had a balance of £100 on your card, you go online and pay £1000 instead of £100 because of a simple error of adding a further 0. You're account will be in credit by £900.

Say you then want this money back as you've realised your error. Ring up the Egg and get them to refund the £900 back into your current acc.

Whats stopping someone using wrongly obtained money to pay that £1000 and use that excuse of human error and getting £900 worth of clean money back.. It's a simple case of money laundering.
 
mrmoose said:
Say you had a balance of £100 on your card, you go online and pay £1000 instead of £100 because of a simple error of adding a further 0. You're account will be in credit by £900.

Say you then want this money back as you've realised your error. Ring up the Egg and get them to refund the £900 back into your current acc.

Whats stopping someone using wrongly obtained money to pay that £1000 and use that excuse of human error and getting £900 worth of clean money back.. It's a simple case of money laundering.
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how is that any different to paying dodgy cash into your current account?

or did I miss something?
 
mrmoose said:
Say you had a balance of £100 on your card, you go online and pay £1000 instead of £100 because of a simple error of adding a further 0. You're account will be in credit by £900.

Say you then want this money back as you've realised your error. Ring up the Egg and get them to refund the £900 back into your current acc.

Whats stopping someone using wrongly obtained money to pay that £1000 and use that excuse of human error and getting £900 worth of clean money back.. It's a simple case of money laundering.
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most people covered the main points..

but that is NOT how you "launder" money, infact that is about as stupid as walking into a police station and punching an officer in the face, having it recorded with a camera and then giving them it
 
platinum87 said:
most people covered the main points..

but that is NOT how you "launder" money, infact that is about as stupid as walking into a police station and punching an officer in the face, having it recorded with a camera and then giving them it
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You'd be suprised as to what some people try.
 
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