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FYI Walmart Discover: can't charge more than credit limit

Frequent Contributor

FYI Walmart Discover: can't charge more than credit limit

Credit Limit = 500. Card balance including pending charges = 100.

Want to make 600 purchase.

Go into Walmart and pay 300 on card.

Attempt to charge 600. Declined.

Ended up charging on AMEX.

 

Called number on back of Walmart Discover card. Learned that you can only charge up to the credit limit in a single transaction. Even if you have a $1,000,000 credit balance, you can only charge up to your credit limit.

 

I didn't know that but now I do.



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Message 1 of 13
12 REPLIES
Established Contributor

Re: FYI Walmart Discover: can't charge more than credit limit


brother7 wrote:

Credit Limit = 500. Card balance including pending charges = 100.

Want to make 600 purchase.

Go into Walmart and pay 300 on card.

Attempt to charge 600. Declined.

Ended up charging on AMEX.

 

Called number on back of Walmart Discover card. Learned that you can only charge up to the credit limit in a single transaction. Even if you have a $1,000,000 credit balance, you can only charge up to your credit limit.

 

I didn't know that but now I do.


I don't understand your post. If you have a credit card with a credit limit then yes you would only be able to charge up to your available credit limit and all purchases after or more than your available credit line would be declined unless they allow you to opt in to over the limit usually for a fee everytime you go over.

 

Please clarify your post if you can.

Capital One QuickSilver MC $4.5K | Walmart $5K (CLOSED) | BOA Cash Rewards Sig $6.5K | BOA BBR $1K | Discover IT $13.5K | AMEX Sr Green Charge (NPSL) | PNC CashBuilder $1.5K | Paypal Extras MC $6k | PNC Auto Loan $20,038.75 | AMEX SimplyCash Biz CC $3k | BOA Cash Rewards Biz CC $3.5K | Chase Freedom Sig $8K | CapOne Spark BIZ Cash Visa Sig $5k | AMEX SimplyCash Biz CC $10k (LLC) | AMEX Everyday $2k | Sallie Mae WMC $6.4K | Citi Double Cash WEMC $6.2k | DCU Visa Platinum $1K (CLOSED0 | PSECU Visa w/PSL $8k | Chase Ink Cash BIZ Sig CC $3k | FNBO Biz Visa $9.5K | AMEX SimplyCash Plus BIZ CC $10k | Fidelity Rewards Visa Sig $4.7k | AARP Visa $500 |
Message 2 of 13
Frequent Contributor

Re: FYI Walmart Discover: can't charge more than credit limit

To clarify.

The credit limit is 500. I wanted to make a 600 purchase.

The current balance on the card is 100. So I went into Walmart and made a 300 payment, making the current balance -200.

I figured if I charge 600, the current balance will be 400, still less than the 500 credit limit. But that isn't how it works.

 

According to Walmart Discover, it doesn't matter how much credit balance I have on the card, the maximum charge I can make is 500.

 

Is that clear?



06/30/2017 - EX 807 (Credit Scorecard EX FICO® Score 8, range 300-850)
07/20/2017 - TU 819 (Discover TU FICO® Score 8, range 300-850)
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Message 3 of 13
Highlighted
Valued Contributor

Re: FYI Walmart Discover: can't charge more than credit limit

Why would you buy something worth $600 with Walmart card except American Express ????

Maybe some electronic with 0% APR for 24 months ??


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Message 4 of 13
Frequent Contributor

Re: FYI Walmart Discover: can't charge more than credit limit

Ur post is a bit confusing. 

 

Are u saying that u overpaid ur credit card and wanted to use the negative balance on ur account to pay for something that is over ur line of credit??

 

As in -- You put $300 on ur credit card that only had a $100 balance. And that resulted in a  200$ overpayment on ur account. And u're trying to use the full amount, as in $200 credit balance PLUS $500 credit limit. 

 


Clarified, for the most part, above. Thanks!! Smiley Happy

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Message 5 of 13
Established Contributor

Re: FYI Walmart Discover: can't charge more than credit limit


brother7 wrote:

To clarify.

The credit limit is 500. I wanted to make a 600 purchase.

The current balance on the card is 100. So I went into Walmart and made a 300 payment, making the current balance -200.

I figured if I charge 600, the current balance will be 400, still less than the 500 credit limit. But that isn't how it works.

 

According to Walmart Discover, it doesn't matter how much credit balance I have on the card, the maximum charge I can make is 500.

 

Is that clear?


 After payment posts you still wont be able to charge more than your available credit, unless Walmart Discover has an opt in for over the limit charges, this is how credit cards work that are not a Visa Sig or World Mastercard.

Capital One QuickSilver MC $4.5K | Walmart $5K (CLOSED) | BOA Cash Rewards Sig $6.5K | BOA BBR $1K | Discover IT $13.5K | AMEX Sr Green Charge (NPSL) | PNC CashBuilder $1.5K | Paypal Extras MC $6k | PNC Auto Loan $20,038.75 | AMEX SimplyCash Biz CC $3k | BOA Cash Rewards Biz CC $3.5K | Chase Freedom Sig $8K | CapOne Spark BIZ Cash Visa Sig $5k | AMEX SimplyCash Biz CC $10k (LLC) | AMEX Everyday $2k | Sallie Mae WMC $6.4K | Citi Double Cash WEMC $6.2k | DCU Visa Platinum $1K (CLOSED0 | PSECU Visa w/PSL $8k | Chase Ink Cash BIZ Sig CC $3k | FNBO Biz Visa $9.5K | AMEX SimplyCash Plus BIZ CC $10k | Fidelity Rewards Visa Sig $4.7k | AARP Visa $500 |
Message 6 of 13
Frequent Contributor

Re: FYI Walmart Discover: can't charge more than credit limit


nicholasyud wrote:

Why would you buy something worth $600 with Walmart card except American Express ????


The 600 purchase was NOT made at Walmart. It was for a car repair.



06/30/2017 - EX 807 (Credit Scorecard EX FICO® Score 8, range 300-850)
07/20/2017 - TU 819 (Discover TU FICO® Score 8, range 300-850)
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GOAL - 800! - App free since 12/13/2015
Message 7 of 13
Valued Contributor

Re: FYI Walmart Discover: can't charge more than credit limit

Most cards I have will say the available credit is the limit, plus the over payment. I have never tried to make a purchase more than the limi by doing this, though. FIA never says you have more credit than the limit; neither does Citi.

Message 8 of 13
Frequent Contributor

Re: FYI Walmart Discover: can't charge more than credit limit


linux007969 wrote:

After payment posts you still wont be able to charge more than your available credit, unless Walmart Discover has an opt in for over the limit charges, this is how credit cards work that are not a Visa Sig or World Mastercard.


I guess the confusing part is what is available credit. Apparently, the max available credit is the credit line amount. Any credit balance, even if it's a million bucks, doesn't matter.



06/30/2017 - EX 807 (Credit Scorecard EX FICO® Score 8, range 300-850)
07/20/2017 - TU 819 (Discover TU FICO® Score 8, range 300-850)
07/25/2017 - EQ 842 (Citi EQ FICO® Bankcard Score 8, range 250-900)
GOAL - 800! - App free since 12/13/2015
Message 9 of 13
Established Contributor

Re: FYI Walmart Discover: can't charge more than credit limit


brother7 wrote:

linux007969 wrote:

After payment posts you still wont be able to charge more than your available credit, unless Walmart Discover has an opt in for over the limit charges, this is how credit cards work that are not a Visa Sig or World Mastercard.


I guess the confusing part is what is available credit. Apparently, the max available credit is the credit line amount. Any credit balance, even if it's a million bucks, doesn't matter.


available credit is what's left after charges. If you login to your account it will show you the available credit left for purchases.

Capital One QuickSilver MC $4.5K | Walmart $5K (CLOSED) | BOA Cash Rewards Sig $6.5K | BOA BBR $1K | Discover IT $13.5K | AMEX Sr Green Charge (NPSL) | PNC CashBuilder $1.5K | Paypal Extras MC $6k | PNC Auto Loan $20,038.75 | AMEX SimplyCash Biz CC $3k | BOA Cash Rewards Biz CC $3.5K | Chase Freedom Sig $8K | CapOne Spark BIZ Cash Visa Sig $5k | AMEX SimplyCash Biz CC $10k (LLC) | AMEX Everyday $2k | Sallie Mae WMC $6.4K | Citi Double Cash WEMC $6.2k | DCU Visa Platinum $1K (CLOSED0 | PSECU Visa w/PSL $8k | Chase Ink Cash BIZ Sig CC $3k | FNBO Biz Visa $9.5K | AMEX SimplyCash Plus BIZ CC $10k | Fidelity Rewards Visa Sig $4.7k | AARP Visa $500 |
Message 10 of 13