topic Re: Citi Doublecash Overlimit in Credit Cards

Citi Doublecash Overlimit

Anonymous — Sat, 25 Apr 2015 23:24:54 GMT

Say my CL is $3000, I want to pay my tuition that is approximately $3200. Would citi let this transaction through, and if they would is there an over limit fee? I would pay it off as soon as it posts.

Re: Citi Doublecash Overlimit

Anonymous — Sat, 25 Apr 2015 23:47:01 GMT

@Anonymous wrote:
Say my CL is $3000, I want to pay my tuition that is approximately $3200. Would citi let this transaction through, and if they would is there an over limit fee? I would pay it off as soon as it posts.

They probably wouldn't approve the transaction as it isn't a flexible spending card. Your best bet is to call them and ask for a temporary or permanent increase to cover this one time charge

Re: Citi Doublecash Overlimit

Anonymous — Sat, 25 Apr 2015 23:49:11 GMT

@Anonymous wrote:
@Anonymous wrote:
Say my CL is $3000, I want to pay my tuition that is approximately $3200. Would citi let this transaction through, and if they would is there an over limit fee? I would pay it off as soon as it posts.
They probably wouldn't approve the transaction as it isn't a flexible spending card. Your best bet is to call them and ask for a temporary or permanent increase to cover this one time charge

Agreed. You can also see the disclosures that came with the card to see if it is a flexible spending account..

Re: Citi Doublecash Overlimit

taxi818 — Sat, 25 Apr 2015 23:52:56 GMT

Note as well. if for some reason they did. you would be paying thru the nose for going over the limit. put it on 2 cards would be best. instead of maxing out a single card.

Re: Citi Doublecash Overlimit

Anonymous — Sun, 26 Apr 2015 00:02:24 GMT

I don't see anything in my cardmember agreement about fees, but I'll just charge the $3000 and let financial aid pay the rest. $60-$8.50 fee is still $51.50 in free money

Re: Citi Doublecash Overlimit

Anonymous — Sun, 26 Apr 2015 00:05:30 GMT

@Anonymous wrote:
I don't see anything in my cardmember agreement about fees, but I'll just charge the $3000 and let financial aid pay the rest. $60-$8.50 fee is still $51.50 in free money

Do you have any other cards? If so, what are the limits on them?

Re: Citi Doublecash Overlimit

yellowcake — Sun, 26 Apr 2015 00:09:05 GMT

Why not push the payment to the card (resulting in a credit balance) then use it for tuition? No over the limit fee in this case.

Re: Citi Doublecash Overlimit

Kenny — Sun, 26 Apr 2015 00:15:49 GMT

I don't think there is an overlimit fee. See if you can get a SP CLI and then you'll be able to charge the whole amount. (Maybe explain to CSR what you're planning on doing.)

Re: Citi Doublecash Overlimit

Anonymous — Sun, 26 Apr 2015 00:16:27 GMT

Yes it's me, my next best choice would be my QS1. Well actually, do Amex rewards come in $25 or can I redeem like $34.83?

Re: Citi Doublecash Overlimit

NRB525 — Sun, 26 Apr 2015 00:19:02 GMT

@yellowcake wrote:
Why not push the payment to the card (resulting in a credit balance) then use it for tuition? No over the limit fee in this case.

I think this would not give the "pushed' payment the double cash reward.

My understanding is the first 1% is marked with the reward, and puts that charged amount in a "payment pool". The second 1% is earned by payment, draws from that pool, so over time you'd probably not get the second 1%, on whatever the pushed payment amount was.

Now, it might take 30 years for that to catch up, but still, $5 is $5, now or 30 years from now

Re: Citi Doublecash Overlimit

Anonymous — Sun, 26 Apr 2015 03:52:09 GMT

@Anonymous wrote:
Yes it's me, my next best choice would be my QS1. Well actually, do Amex rewards come in $25 or can I redeem like $34.83?

With Amex, you can only redeem $25 increments..

Re: Citi Doublecash Overlimit

thelethargicage — Sun, 26 Apr 2015 01:24:22 GMT

This makes me wonder if the people who have had their DC upgraded to World Elite also got NPSL (or has that, too, become optional even for WEMC?)

Re: Citi Doublecash Overlimit

Anonymous — Sun, 26 Apr 2015 01:27:58 GMT

You can go over limit a little and there is no over limit fee.

Re: Citi Doublecash Overlimit

Anonymous — Sun, 26 Apr 2015 01:30:06 GMT

@yellowcake wrote:
Why not push the payment to the card (resulting in a credit balance) then use it for tuition? No over the limit fee in this case.

IIRC, when you have a credit balance, the maximum transaction limit is still your credit limit, not the credit limit+credit balance.

Re: Citi Doublecash Overlimit

bz386 — Sun, 26 Apr 2015 17:54:17 GMT

Wow, so much misinformation. First of all, due to CARD act over limit fees are illegal, unless you have specifically opted into them.

Second, if you push a payment to the DC before there are charges on it, you will not get 1% on payments. You will only get 1% on charges.

Try a CL increase (SP) or charge only 3k.

Re: Citi Doublecash Overlimit

Anonymous — Mon, 27 Apr 2015 21:40:42 GMT

If your current balance is 0, make a payment for $300. This will make your balance -$300. Now, charge the entire $3200 on the card. It will go through easy. Earn rewards on the entire $3200. Easy peasy.

Re: Citi Doublecash Overlimit

Anonymous — Mon, 27 Apr 2015 21:46:33 GMT

@Anonymous wrote:

If your current balance is 0, make a payment for $300. This will make your balance -$300. Now, charge the entire $3200 on the card. It will go through easy. Earn rewards on the entire $3200. Easy peasy.

This information is not correct as others above have pointed out.

Re: Citi Doublecash Overlimit

Anonymous — Mon, 27 Apr 2015 21:48:45 GMT

I have done this myself (although not on this card), and it had worked. At least it's worth a try.

Re: Citi Doublecash Overlimit

Anonymous — Mon, 27 Apr 2015 21:49:45 GMT

@Anonymous wrote:
I have done this myself (although not on this card), and it had worked. At least it's worth a try.

1. I don't think Citi will use credit balance+credit limit

2. Since DC is 1% on charge and 1% on payment he won't get his full rewards even if it works.

Re: Citi Doublecash Overlimit

Anonymous — Mon, 27 Apr 2015 21:53:14 GMT

@Anonymous wrote:
@Anonymous wrote:
I have done this myself (although not on this card), and it had worked. At least it's worth a try.
1. I don't think Citi will use credit balance+credit limit
2. Since DC is 1% on charge and 1% on payment he won't get his full rewards even if it works.

I don't know. Based on my personal experience, I think it will work.

The current plan is to charge $3000 on the card (netting $60 cashback) and pay $200 with cash/check.

If this idea works, it would net $62 cash back (a $2/1% loss as you've pointed out but nevertheless a $2 gain), and more importatnly, less hassle of having to split up payments.