Credit Card Question

Knubje

Knubje

Knubje

Soldato
Joined
5 Jun 2008
Posts
6,240
Location
Portsmouth/Fareham
Hi all,

Quick question regarding credit cards, thought I'd ask before ringing the Natwest as someone might know and I'm at work at the moment:

If I am looking to purchase a TV worth say £1000 online. But I want to use my credit card for protection just in case something happens, and my limit is only say £800 with a £0 balance and that is as much as they will currently give me.

Is it possible to go to the bank and pay £200 into my CC so that I have the £1000 available to then purchase on the credit card online the next day?

A new T.V is coming my way soon and I just don't want anything to happen when spending that sort of money online. The retailer isn't your every day high street electrical store so want some sort of piece of mind.

Thanks!

Also, Merry Christmas and Happy New Year to everyone :)
 
Hi

see here:

http://www.which.co.uk/advice/your-rights-when-paying-by-credit-card/your-rights/index.jsp

important bit is:

"However, you don’t have to have paid the full amount on your credit card – the card company is liable even if you made only part of the payment (a deposit, say) on your card. And this part-payment can be as little as £1. It is the value of the goods you are buying that is key, not the amount paid on the card."

you are covered by consumer credit act even if you paid £999 by cash and £1 on the credit card

Neill
 
britboy4321 said:
Even if you just buy £5 on the credit card, they are legally obligated to be responsible for (the whole of) your purchase.
Click to expand...

That is good to know, although I don't think online I will be able to purchase £10 worth of a £1000 TV with credit card and the rest from my current account.

Might be able to ring the store and do that though! It's an idea!
 
you can also do as you said in OP, create credit balance and thus increase your amount available to spend
 
Rotty said:
you can also do as you said in OP, create credit balance and thus increase your amount available to spend
Click to expand...

Ideally that's what I am looking to do.

I have a Natwest Mastercard so I suppose I'll give them a ring and find out. I'll only need to put £200 on before hand to then cover the price of the total purchase (if they allow me).
 
Putting the card into credit should be fine even though they dont like you doing that.

Downside is if your card gets fraudulently used or the merchant is a fake then they will only cover you upto the £800 as its in the t+c's that you shouldnt put your card into credit and that they arent liable for any credit amount on the card.


regardless of what consumer websites say... its in your t+c's unless they have recently completely waived this standard policy.

This was the policy we worked with when i was working for RBS and Capital One fraud depts.
 
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