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Valued Contributor
Duncanrr
Posts: 2,500
Registered: ‎06-08-2012

Can U overpay to Inc CL-Freedom?

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‎10-27-2012 04:03 PM

I want to get new tv at Best Buy but its over my CL. Can I send in payment above what is owes for a kind of temporary CLI? Any other suggestions?


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 678 TU 702 (Amex pull) EX 724 (Amex) CK 682 (FAKO-EX 684, EQ 684, TU 684)
Goal Score: 750
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afbar1114
Posts: 2,174
Registered: ‎01-09-2012

Re: Can U overpay to Inc CL-Freedom?

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‎10-27-2012 04:11 PM

i dont think you can but you can and ask them


In my wallet: AMEX Gold; Freedom $1.5k; CSP $5k; Chase United $5k; Discover $2k
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LS2982
Posts: 14,496
Registered: ‎04-09-2011

Re: Can U overpay to Inc CL-Freedom?

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‎10-27-2012 04:11 PM

Duncanrr wrote:
I want to get new tv at Best Buy but its over my CL. Can I send in payment above what is owes for a kind of temporary CLI? Any other suggestions?

Never did that before, I would call in and ask before you do it and it ends up going over limit and subjecting you to penalty APR's.

 



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maiden_girl
Posts: 1,157
Registered: ‎12-29-2011

Re: Can U overpay to Inc CL-Freedom?

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‎10-27-2012 04:26 PM - edited ‎10-27-2012 04:27 PM

I don't think Chase would let you purposely have a statement credit. You'll only get a statement credit if buy something, return it with no further transaction and you already paid your bill. The only way I could see it working is by pushing a payment through the bank bill pay. Even then, Chase might return the payment.

The truth is out there...
FICO scores: 677 (EQ) 664 (EX) 681 (TU) | Goal scores: 750+ (all 3)
Open loans: Hyundai Motor Finance - $12k balance | 60 months @ 4.9% (First Time Buyer 12/2012)
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bbb3601
Posts: 322
Registered: ‎01-26-2012

Re: Can U overpay to Inc CL-Freedom?

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‎10-27-2012 04:31 PM

just drop a little cash down and put the balance on chase. 

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afbar1114
Posts: 2,174
Registered: ‎01-09-2012

Re: Can U overpay to Inc CL-Freedom?

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‎10-27-2012 04:37 PM

He wants to takadvantage of the 5% cash back....but it's capped at $1500 and he said he want as a tv...so depending on limit he can put on card and pay cash lol like you said


In my wallet: AMEX Gold; Freedom $1.5k; CSP $5k; Chase United $5k; Discover $2k
Last HP: 4/30
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maiden_girl
Posts: 1,157
Registered: ‎12-29-2011

Re: Can U overpay to Inc CL-Freedom?

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‎10-27-2012 04:37 PM

bbb3601 wrote:

just drop a little cash down and put the balance on chase. 

+ 1. LOL that didn't even occur to me.

 

The truth is out there...
FICO scores: 677 (EQ) 664 (EX) 681 (TU) | Goal scores: 750+ (all 3)
Open loans: Hyundai Motor Finance - $12k balance | 60 months @ 4.9% (First Time Buyer 12/2012)
My Wallet: Capital One 1.5k | Macy's 1.0k | Living Spaces 8.5k | Ashley 5.5k | Amazon 2.0k | Discover IT 1.5k | Walmart Discover 1.5k | Chase Freedom 4.5k
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Dustink
Posts: 2,385
Registered: ‎10-02-2012

Re: Can U overpay to Inc CL-Freedom?

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‎10-27-2012 04:41 PM - edited ‎10-27-2012 04:43 PM

Duncanrr wrote:
I want to get new tv at Best Buy but its over my CL. Can I send in payment above what is owes for a kind of temporary CLI? Any other suggestions?

Yes, you can send payment from your checking account. Just force the payment through via bill pay. Or you can make a payment at a chase branch.

 

Another option would be applying for the Best Buy card and get the 0% offers that they have.

 

Least recommended option would be to make a purchase within your credit limit (don't open it) pay it off then return it. That will create a credit balance which will also effectively increase your credit limit.

 

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Duncanrr
Posts: 2,500
Registered: ‎06-08-2012

Re: Can U overpay to Inc CL-Freedom?

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‎10-27-2012 04:42 PM

I did call them. You can do it but u have to mail a check to them and then allow 3-7 days for them to process payment. Ill just out some cash down. 1.5k is my CL anyways.


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 678 TU 702 (Amex pull) EX 724 (Amex) CK 682 (FAKO-EX 684, EQ 684, TU 684)
Goal Score: 750
Take the FICO Fitness Challenge
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Established Contributor
maiden_girl
Posts: 1,157
Registered: ‎12-29-2011

Re: Can U overpay to Inc CL-Freedom?

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‎10-27-2012 04:44 PM

Must be a 3D TV...lol.

The truth is out there...
FICO scores: 677 (EQ) 664 (EX) 681 (TU) | Goal scores: 750+ (all 3)
Open loans: Hyundai Motor Finance - $12k balance | 60 months @ 4.9% (First Time Buyer 12/2012)
My Wallet: Capital One 1.5k | Macy's 1.0k | Living Spaces 8.5k | Ashley 5.5k | Amazon 2.0k | Discover IT 1.5k | Walmart Discover 1.5k | Chase Freedom 4.5k
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