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Can U overpay to Inc CL-Freedom?

Valued Contributor

Can U overpay to Inc CL-Freedom?

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 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

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Message 1 of 30
29 REPLIES
Valued Contributor

Re: Can U overpay to Inc CL-Freedom?

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
Last HP: 4/30
Message 2 of 30
Mega Contributor

Re: Can U overpay to Inc CL-Freedom?


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.

 




EQ FICO 548 3/3/16
Message 3 of 30
Valued Contributor

Re: Can U overpay to Inc CL-Freedom?

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.

As of 2017, rebuilding...
Message 4 of 30
Frequent Contributor

Re: Can U overpay to Inc CL-Freedom?

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

NFCU Cash Rewards 20,000,NFCU Plat 17,000, NavCheck 15,000, USAA Cash 4,000, USSA Rate Adv 2,000, USAA AMEX 3,500, Freedom 2,000, Capital One 2,000, Barclay's Apple 1,500, Barclay's Ring 1500, Various Store Cards.




Message 5 of 30
Valued Contributor

Re: Can U overpay to Inc CL-Freedom?

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
Message 6 of 30
Valued Contributor

Re: Can U overpay to Inc CL-Freedom?


bbb3601 wrote:

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


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

 

As of 2017, rebuilding...
Message 7 of 30
Valued Contributor

Re: Can U overpay to Inc CL-Freedom?


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.

 

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


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Message 8 of 30
Valued Contributor

Re: Can U overpay to Inc CL-Freedom?

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 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

Take the FICO Fitness Challenge
Message 9 of 30
Valued Contributor

Re: Can U overpay to Inc CL-Freedom?

Must be a 3D TV...lol.

As of 2017, rebuilding...
Message 10 of 30