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Originally Posted by Dave Stones
just to bump this up a long long long way, another query.
assuming the credit limit on my credit card is £100 (its not by the way, that would just be stupid, i am just using this as an example) would i for example be able to dump another £100 in the credit card account, so it was £100 in credit, and then be able to spend £200 in one transaction?
banks confuse me  |
Dispite what mikeyB has just said. YES you can. If you have you credit card account £100 in credit by for example overpaying a bill by £100 and you had a £100 credit limit you would be able to spend £200 in one transaction as you would not have gone over your credit limit.
BTW the £100 guarantee on the credit card is nothnig to do with you credit limit. Im assuming that the £100 example is a coincidence but just clarifying.