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Valued Contributor
Duncanrr
Posts: 2,841
Registered: ‎06-08-2012

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?


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Valued Contributor
afbar1114
Posts: 2,177
Registered: ‎01-09-2012

Re: Can U overpay to Inc CL-Freedom?

i dont think you can but you can and ask them


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Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011

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.

 




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Valued Contributor
maiden_girl
Posts: 2,005
Registered: ‎12-29-2011

Re: Can U overpay to Inc CL-Freedom?

[ Edited ]

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.

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Frequent Contributor
bbb3601
Posts: 327
Registered: ‎01-26-2012

Re: Can U overpay to Inc CL-Freedom?

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

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Valued Contributor
afbar1114
Posts: 2,177
Registered: ‎01-09-2012

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


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Valued Contributor
maiden_girl
Posts: 2,005
Registered: ‎12-29-2011

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.

 

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Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012

Re: Can U overpay to Inc CL-Freedom?

[ Edited ]

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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Valued Contributor
Duncanrr
Posts: 2,841
Registered: ‎06-08-2012

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.


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Valued Contributor
maiden_girl
Posts: 2,005
Registered: ‎12-29-2011

Re: Can U overpay to Inc CL-Freedom?

Must be a 3D TV...lol.

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