topic Re: buying something more than my CL in Credit Cards

buying something more than my CL

Anonymous — Tue, 30 Oct 2018 12:41:21 GMT

I want to buy a phone that's roughly 600$ but my Uber visa credit line is 500$

are there any loopholes/methods to buy the phone with that card?

reason: maximizing spending on Uber visa to get a SP CLI asap

Re: buying something more than my CL

Anonymous — Tue, 30 Oct 2018 12:54:48 GMT

Call them and tell them you want to buy a phone that's higher than your CL and you need a CLI or you're gonna have to use another card, see if they'll work with you.

Otherwise I'm pretty sure you can usually get a phone on layaway so they add a small cost to your monthly plan instead.

Re: buying something more than my CL

Jnbmom — Tue, 30 Oct 2018 12:54:41 GMT

If you try to purchase something over your credit limit, it will probably not go through.

Going over your limit will not yield you getting a CLI, If anything it won't look good to your creditor.

Re: buying something more than my CL

Anonymous — Tue, 30 Oct 2018 12:56:10 GMT

He means he wants to put high spend on the card to show that he utilizes it enough that the low limit constrains him. I don't believe he actually wants to charge more than his limit.

Re: buying something more than my CL

MakingProgress — Tue, 30 Oct 2018 13:05:20 GMT

@Anonymous wrote:
He means he wants to put high spend on the card to show that he utilizes it enough that the low limit constrains him. I don't believe he actually wants to charge more than his limit.

The way I read it he wants to go over his limit to buy the phone for the purpose of maximizing spend.

OP Split the payment between two cards or pay cash for any amount over your CL.

From what I have heard about the Uber card is direct CLI requests are HP, but if you have had the card at least 6 months if you request an APR reduction and THEN ask if any SP CLI offers are available then you MIGHT get an SP.

Re: buying something more than my CL

fuzzle — Tue, 30 Oct 2018 13:06:18 GMT

In store you can usually use more than one payment method

Re: buying something more than my CL

Anonymous — Tue, 30 Oct 2018 13:32:22 GMT

Call Barclay. At the least you should be able to make a $100 payment to your card giving you a negative balance. Then you'll be able to make the purchase.

Re: buying something more than my CL

Anonymous — Tue, 30 Oct 2018 13:58:22 GMT

Creditaddickt's suggestion of prepaying your card so that you have a negative balance is probably the easiest/best way to do what you want to do and it also will very much show that you utilize the card enough that you need a CLI. This way you don't even have to deal with the issuer it's all automatic and by prepaying you're essentially artificially increasing your limit.

Re: buying something more than my CL

Anonymous — Tue, 30 Oct 2018 14:04:08 GMT

@MakingProgress I believe you misread the OP then.

"I want to buy a phone that's roughly 600$ but my Uber visa credit line is 500$"

The "but" denotes a problem that he's noticed that prevents him from making the purchase: that he wants to charge $600 to a card with a $500 limit.

"are there any loopholes/methods to buy the phone with that card?"

Here he acknowledges that conventionally he is unable to make a $600 purchase on a card with a $500 limit, and thus has a dilemma. So if OP knows this and is asking for ways around this, then it's clear to me that he has no intention of actually spending over his CL.

But as always, I could be missing something.

Re: buying something more than my CL

staticvoidmain — Tue, 30 Oct 2018 14:29:00 GMT

I'd just ask Barclays. I have the Uber Visa as well, and they gave me a low SL as well, until I called back 15 minutes after to get it raised. RIght now, it is my lowest limit card. I think it is ridiculuous to offer a SL too small to even cover the SUB requirements. TBH, this is the only card I have that I hate dealing with, because of Barclays.

Re: buying something more than my CL

Jnbmom — Tue, 30 Oct 2018 15:23:42 GMT

@staticvoidmain wrote:
I'd just ask Barclays. I have the Uber Visa as well, and they gave me a low SL as well, until I called back 15 minutes after to get it raised. RIght now, it is my lowest limit card. I think it is ridiculuous to offer a SL too small to even cover the SUB requirements. TBH, this is the only card I have that I hate dealing with, because of Barclays.

The OP has a rather thin file and in the other post was given advice on on being able to achieve obtaining CLI.. which was good sdvice......

https://ficoforums.myfico.com/t5/Credit-Cards/best-way-to-increase-a-low-CL/m-p/5389322

Re: buying something more than my CL

wasCB14 — Tue, 30 Oct 2018 15:20:07 GMT

$500 isn't a "we'll see how much you use it" limit; it's a "we have some concerns, but we're willing to take a chance with you" limit.

Spend alone may not get you a SP CLI. It may also just take time for your accounts and inquiries to age.

Re: buying something more than my CL

Anonymous — Tue, 30 Oct 2018 15:43:41 GMT

@Anonymous wrote:
Call them and tell them you want to buy a phone that's higher than your CL and you need a CLI or you're gonna have to use another card, see if they'll work with you.

Otherwise I'm pretty sure you can usually get a phone on layaway so they add a small cost to your monthly plan instead.

Already called them twice. they said my AAoA is too low they want it at least 1-3 years. mine at 2 months

just got this card 2 weeks ago and have managed to put 1.2K on it so far. I want to spend more but payment processing takes 3-4 days which forces me to use other cards

Re: buying something more than my CL

Anonymous — Tue, 30 Oct 2018 15:45:49 GMT

@Anonymous wrote:
He means he wants to put high spend on the card to show that he utilizes it enough that the low limit constrains him. I don't believe he actually wants to charge more than his limit.

yes I will probably pay it the very next day

Re: buying something more than my CL

Anonymous — Tue, 30 Oct 2018 15:48:49 GMT

@Anonymous wrote:
Creditaddickt's suggestion of prepaying your card so that you have a negative balance is probably the easiest/best way to do what you want to do and it also will very much show that you utilize the card enough that you need a CLI. This way you don't even have to deal with the issuer it's all automatic and by prepaying you're essentially artificially increasing your limit.

just called then and tried that and they said i cant do that.

I might try spending 100-200$ in the mall then return stuff

Re: buying something more than my CL

Anonymous — Tue, 30 Oct 2018 16:25:07 GMT

@Anonymous wrote:
@Anonymous wrote:
Creditaddickt's suggestion of prepaying your card so that you have a negative balance is probably the easiest/best way to do what you want to do and it also will very much show that you utilize the card enough that you need a CLI. This way you don't even have to deal with the issuer it's all automatic and by prepaying you're essentially artificially increasing your limit.
just called then and tried that and they said i cant do that.

I might try spending 100-200$ in the mall then return stuff

What did they mean that you cannot do? There are at least two things it could mean.

a) You cannot have a negative balance. This may be true by paying through the site, but you can certainly push from your bank and create a negative balance.

b) even with a negative balance, your available balance is your credit limit. Some cards are like this and then you won't be able to charge over the limit.

Be careful with some of the other methods proposed: generally you don't get full credit card protections unless the entire charge is placed on a card, so paying partly with cash, or splitting across two cards, could be bad if something goes wrong with the phone.

Re: buying something more than my CL

Anonymous — Tue, 30 Oct 2018 16:43:00 GMT

Ugh, Barclay. I don't hear much of anyone who doesn't have issues with Barclay in some capacity at some point in their account ownership. They bait and switched me (us) on the Sallie Mae Rewards card, took our 5% gas/grocery/bookstore(Amazon) and left us with some 2% on utilities crap, then wouldn't let me PC it into anything at all. I closed it within the last couple of weeks lol.

Re: buying something more than my CL

Kforce — Tue, 30 Oct 2018 16:59:03 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Creditaddickt's suggestion of prepaying your card so that you have a negative balance is probably the easiest/best way to do what you want to do and it also will very much show that you utilize the card enough that you need a CLI. This way you don't even have to deal with the issuer it's all automatic and by prepaying you're essentially artificially increasing your limit.
just called then and tried that and they said i cant do that.

I might try spending 100-200$ in the mall then return stuff
What did they mean that you cannot do? There are at least two things it could mean.

a) You cannot have a negative balance. This may be true by paying through the site, but you can certainly push from your bank and create a negative balance. (+1, They were referring to paying extra from the Barclays site, you can push to them, I had a Barclays card and pushed all the time. Have pushed an extra 1000 more than once for a similar reason ~not the Barclays card ~)
b) even with a negative balance, your available balance is your credit limit. Some cards are like this and then you won't be able to charge over the limit. (+1, I have two cards that give a higher limit based on overpayment to the card that I know, have not tried all of them. I would push from bill pay a small amount that is less than your normal spend and check the online info to see if it increases your credit limit. If it works you can push 150 or so and then after it post go buy the phone)

Be careful with some of the other methods proposed: generally you don't get full credit card protections unless the entire charge is placed on a card, so paying partly with cash, or splitting across two cards, could be bad if something goes wrong with the phone.
(+1)

Re: buying something more than my CL

Anonymous — Tue, 30 Oct 2018 17:06:19 GMT

@Anonymous wrote:
I want to buy a phone that's roughly 600$ but my Uber visa credit line is 500$

are there any loopholes/methods to buy the phone with that card?

reason: maximizing spending on Uber visa to get a SP CLI asap

Don't hold your breath on the SP CLI. I'm at $2.5k and it hasn't moved despite hitting the $5k for subscription credit this year.

Re: buying something more than my CL

Anonymous — Tue, 30 Oct 2018 17:05:38 GMT

@Anonymous wrote:
Ugh, Barclay. I don't hear much of anyone who doesn't have issues with Barclay in some capacity at some point in their account ownership. They bait and switched me (us) on the Sallie Mae Rewards card, took our 5% gas/grocery/bookstore(Amazon) and left us with some 2% on utilities crap, then wouldn't let me PC it into anything at all. I closed it within the last couple of weeks lol.

Or alternatively: "They had a card, Sallie Mae, which was really great! Sadly, it got nerfed"

Barclays is hardly alone in nerfing great cards. I like to give them credit for the Sallie Mae, which was very useful. I agree the replacements were horrible